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Tax Reform May Slow Renewable Deals in U.S.

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:PosiGen Inc. was close to finalizing terms on a $100 million financing deal. Then Congress passed President Donald Trump’s tax-reform plan.“We just lost $100 million in tax equity last week,” Thomas Neyhart, chief executive officer of the Louisiana rooftop solar installer, said in an interview.PosiGen is one of many companies that are suddenly facing a new financing reality because of the tax overhaul, especially clean-energy developers seeking tax-equity deals. At least $3 billion in potential deals are on hold for this type of financing, according to John Marciano, a Washington-based partner at law firm Akin Gump Strauss Hauer & Feld LLP. Some investors have exited or are sidelined, while others are considering repricing their transactions.Tax equity is a critical but esoteric source of renewables financing—totaling about $12.2 billion in 2016, according to Bloomberg New Energy Finance. There were about 35 tax-equity investors last year, according to JPMorgan Chase & Co. While solar and wind projects are typically eligible for federal tax credits, many don’t owe enough to the government to take full advantage. Instead, they turn to banks, insurance companies and some big technology firms that monetize the credits through tax-equity investments.Because the law reduced the corporate rate from 35 percent to 21 percent, companies will have fewer liabilities and therefore less need to find ways to reduce their bills. Further, there are provisions in the law that may constrain some multinational companies’ ability to do deals.The result: a market that’s poised to “tighten,” said John Eber, a Chicago-based managing director at JPMorgan, on a webinar Thursday hosted by law firm Norton Rose Fulbright LLP. Tax-equity investors that remain in the renewables market might “moderate” their contributions, he said. More: How Trump’s Tax Plan Made It Harder to Finance Renewables Tax Reform May Slow Renewable Deals in U.S.last_img read more

Recent foul trouble threatens to end Christmas’ Carrier Dome career early against No. 2 Virginia

first_imgDURHAM, N.C. — Rakeem Christmas stood in place and stared down his one-way path to the Syracuse bench. For the second time in five nights, Christmas picked up a fifth foul and sauntered down the length of the court to grab a front-row seat for the rest of the game. In a five-point win over then-No. 9 Notre Dame on Tuesday, Christmas exited with 5:18 to play and the Orange managed to hold on without him. In a 19-point loss to No. 4 Duke on Saturday, he fouled out with 9:42 left and all but put the punctuation mark on a game Syracuse never gripped. “He’s our leader offensively and defensively,” SU shooting guard Trevor Cooney said on Saturday. “And when we can’t get him going it’s hard to get the rest of us going.”That becomes especially hard when Christmas is out of the game, which the Orange (18-11, 9-7 Atlantic Coast) can’t afford when it hosts No. 2 Virginia (27-1, 15-1) for a 7 p.m. game in the Carrier Dome on Monday night. To keep Christmas — who will be the only scholarship senior playing his last home game — out of foul trouble against the defensively savvy Cavaliers, SU’s guards said they have to protect him by stopping penetration from the perimeter. AdvertisementThis is placeholder textThis is the first time Christmas has fouled out in back-to-back games since his freshman year, when he fouled out against Seton Hall and then DePaul three days later. He’s managed to play 58 total minutes — the lowest of any two-game stretch in conference play — but has scored 25 points in the two contests despite averaging 18.1 per game on the season. “Fouls happen,” SU forward B.J. Johnson said on Saturday. “I think whenever (Christmas) fouls out, it really hurts us but we have to play through it. It’s really not easy, though.”Johnson, Cooney and SU forward Michael Gbinije all said that the rest of the zone has to keep opponents from getting into the middle where Christmas has to contest shots and defend the rim. Penetration into the zone not only leads to perimeter players crashing into Christmas, but also forces the forward to step up and obstruct the lane to the basket. Often, guards draw the big man and dump bounces into the post — which sends Christmas recovering with limited control of his body. Against the Blue Devils, two of his fouls came off the ball and another on the fast break, but the last two were products of Duke slicing through the zone in the half court. Without Christmas on the floor for the latter half of the second half, the Blue Devils defense ditched the paint, pushed even farther out onto Syracuse’s shooters and eliminated any hope of an SU comeback. “We need to keep people in front better on defense,” Gbinije said after the Duke game. “A lot of times his fouls come with people driving on the guards. If we eliminate that, I think we eliminate some of Rak’s foul trouble.” Without leading scorer Justin Anderson, one of the best spot-up shooters in the ACC, it is likely that Virginia will look into the high and low post to score against the Orange. And with no postseason, the game against the Cavaliers is Christmas‘ last chance to prove himself against a top-flight opponent, which happens to boast one of the country’s stingiest defenses. He’ll also be honored in a senior day ceremony before the game in front of a crowd that has fully taken to his ascension into a premier scoring threat. It will be a somber farewell if he finds himself in foul trouble for the third-straight game. “I just need to stay out of foul trouble, I guess,” Christmas said after the Duke game. As for what he can do differently to avoid fouling so often, Christmas rolled his eyes, shrugged and turned away from the question. If he doesn’t find that answer, the end of his Carrier Dome career could very well play out with him looking on from the bench. Comments Published on March 2, 2015 at 12:15 am Contact Jesse: jcdoug01@syr.edu | @dougherty_jesse Facebook Twitter Google+last_img read more

Wrestling preview 2013: Wellington has depth, senior leadership, and a returning state placer

first_img145 – Zach Botkin, a junior, is a move in from Winfield and will wrestle here until Pelkey returns. McComb said Pelkey could be wrestling as soon as the Wellington Tournament to be held next week. The schedule: Jan 105:00 pmRossville, WellingtonRossville 170 – Chance Hain, a senior, last wrestled as a freshman and was partially through his sophomore year before sustaining the injury. 126 – Brad Wiens, a sophomore, will start this weekend. He was 10-15 in 2012-13. Eventually Graysen DeJarnett, a sophomore, is expected to wrestle at that weight. He is currently wrestling at 132. Last season he went 11-12 as a starter. 132 – Andrew Horn, who went 23-12, will be a Wellington wrestler to watch in 2013-14. He went 23-12 last season and has a ton of varsity experience. He will wrestle 138 pounds on Saturday. Dec 79:30 amEl Dorado TournamentEl Dorado 195 – Lamkin, who caught fire in the state tournament and ended up placing, was 24-19 as far as his overall record. He is behind an Andale wrestlers named Anthony Capul, a freshman, who is considered all-world of everything in the wrestling world. Dec 195:00 pmMulvane, WellingtonAugusta 120 – Wellington is open this weekend but Chevy Nuss a freshman, is expected to take over that spot. He is currently wrestling in JV. Dec 126:00 pmPratt, WellingtonPratt Dec 149:00 amWellington TournamentWellington Feb 810:00 amRose Hill TournamentRose Hill 182 – Aaron Fair, a junior, will start. He was 5-9 a year ago. Jan 165:00 pmMulvane, WellingtonWellington League race: Andale is the league favorite, as it is in about every sport. Capul, mentioned above, was ranked in the top 50 nationally in KIDS wrestling. McComb said he could move to any weight position.“Andale was missing a couple of key wrestlers the night they wrestled us,” McComb said. “They will bring a very tough group.”Augusta, which won the AV-CTL DIV lost eight seniors, but have some state qualifiers returning. Clearwater is a bit of a mystery. 152 – Ben DeJarnett, a senior, is another wrestler to watch out for. He was 15-22 as a varsity starter as a junior. Jan 119:30 amRossville TournamentRossville 220 – Holt, a senior, has not wrestled in high school but was a standout athlete in football. 113 – Sage Ferguson is currently starting as a sophomore who went 2-9 last season. He could dip to 106 before January.center_img Dec 195:00 pmWellington, Rose HillAugusta 106 – Open. Jan 235:00 pmClearwater, Wellington*Andale Jan 189:00 amClearwater TournamentClearwater Feb 711:00 amRose Hill TournamentRose Hill Dec 195:00 pmAugusta, WellingtonAugusta Jan 165:00 pmWellington, BuhlerWellington Feb 136:00 pmCircle, Wellington*Circle Jan 306:00 pmWellington, Augusta*Wellington Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! 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Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Jan 235:00 pmWellington, Andale*Andale by Tracy McCue, Sumner Newscow — Mitch McComb embarks on his second year as head wrestling coach of the Wellington Crusaders with numbers and depth. He also has a returning state placer.Not to mention new WHS uniforms. No those are not the new uniforms in the picture.McComb has 27 wrestlers out this season. That’s a good number especially for a sport that has been seeing dwindling numbers throughout the nation for years.Taylon LamkinHe also has a returning state wrestling placer. Taylon Lamkin, a senior, finished sixth last season at 195 pounds and is ranked second in Class 4A’s 190-pound division (see rankings here) http://www.kansaswrestling.org/images/docs/Rankings/4a.pdf“I can’t remember the last time we had a returning state placer in Wellington,” McComb said. “It might have been 15 years ago. I honestly can’t remember.”Lamkin is Wellington’s 195 pounder. He is currently ranked second in the Kansas Wrestling Coaches Association poll in that weight class. Wellington has a strong group in the upper weight class, including four seniors. The thing is, of those seniors, only Lamkin and Tyson Hodson at heavyweight have had a lot of recent varsity experience.Chance Hain at 170 pounds has been injured since his sophomore year when he blew out his knee.Dalton Holt at 220 pounds hasn’t wrestled in four years.Injuries have plagued the WHS program. Last year the wrestling program lost five wrestlers due to football injuries. This year isn’t as bad, but there is still some bumps and bruises and breaks and tears already. Andrew Pelkey, a junior, who wrestles at 145 and accumulated a 20-10 record in 2012-13, may be out for a little while with a broken wrist.Overall, Wellington has significant experience. McComb said there are 12 out of 14 returning starters.The program has six seniors and three juniors. Last year it was just the opposite with two seniors and five juniors.Wellington also is coming back from a year when it nearly won an Ark Valley Chisholm Trail League Div. IV title, losing only to Augusta. In 2012-13, Wellington took down Andale, Clearwater and Circle. Collegiate doesn’t have a wrestling program. The league championship came down to a monster dual in Augusta in February. Augusta’s depth on that day was just too much.This season with the depth, returning experience, and senior leadership, Wellington appears to be in the hunt again for a league title. McComb isn’t so sure.“So many things can happen,” he said. “For example I had 41 kids out at the beginning of the season. I am down to 33. And of those 33, nine or 10 of them have missed practice for one thing or the other this week.”Wellington opens its season on Saturday in a dual wrestling tournament in El Dorado. Here is how things look at the moment starting wise for the Crusaders. Hwt – Tyson Hodson, a senior, was 20-16 a year ago. ateTimeOpponentLocation 138 – After Horn moves down, this weight class could be a battle between Ian King , a junior who went 1-2 in varsity starts; and Skyler Struble, did not wrestle and was injured sophomore, 145 JV. 160 – Joey Haydon, a junior, will be the starter. He was 4-7 as a varsity starter and 16-9 overall including junior varsity matches.   Dec 203:00 pmMarion County Dual TournamentMarion/Hillsborolast_img read more