Renewable energy activity continued to flourish in North Carolina in 2015, and while the state tax credit sunsets and safe-harbored projects work their way through the pipeline, all expectations are that renewable energy transactions will continue at a robust pace in 2016.
In 2015, the attorneys at WF represented senior secured lenders providing construction, construction-to-permanent, and back leverage financing to renewable energy sponsors in 16 different transactions, that collectively total 47 solar farms, over 230 MW of renewable energy capacity and over ...
2015 promises to be a big year for new renewable energy capacity in North Carolina.
With North Carolina’s state tax incentive sunset at the end of this year, developers will push hard to max out new installations, especially in light of the still uncertain position of North Carolina’s state legislature on solar power incentives and Renewable Energy Portfolio Standards.
There remains plenty of ideal farmland, especially in Eastern North Carolina, to provide a long-term home for new installations at an attractive rental rate.