This episode is sponsored by Conductive Capital, a distributed generation platform with tax efficient capital.
In this episode we speak with Conor McKenna, Managing Director at CohnReznick Capital Market Securities. Conor advised a $78 million tax equity investment for the Crescent Dunes Solar Project by SolarReserve. The innovation here is that the Crescent Dunes solar project uses molten salt energy storage technology from the SolarReserve concentrating solar tower site.
Conor gives us some details on the deal structure, how tax equity got comfortable with the risk of the technology and sponsor. The investors also used a tax equity structure becoming more common than the fixed time flip that many investors have used in the past.
We couldn’t leave the interview without asking Conor about his thoughts on tax reform and how it could impact the markets. What would happen if tax rates are lowered and how investors view that potential risk in their model.
At the end, he shares some thoughts about what gets him most excited in 2017, and it has to do with lowering the cost of capital. Listen now!