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.
Wenger won’t rule Arsenal out of finishing in the top 4 this season!#beINPL #ARSEVE pic.twitter.com/fq0UBspslV— beIN SPORTS (@beINSPORTS_EN) February 22, 2020 Advertisement Metro Sport ReporterSunday 23 Feb 2020 9:08 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.2kShares Comment Arsenal legend Arsene Wenger rates Mikel Arteta’s chances of securing top four place and Champions League qualification He told beIN Sports: ‘They’ve all got a chance because it looks like the top three teams have moved away from the rest of the league.‘And the rest of the teams, the bottom of the league have moved up. The top six have dropped their level.‘The problem is after Sunday it is 27 games and 33 points to go for. If you win you go up to 37 points and if you can make another 22 or 25 points you have a chance.’Everton are the visitors to the Emirates on Sunday and are now managed by Carlo Ancelotti who was briefly linked with Wenger’s old job following the sacking of Unai Emery.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalThe former Chelsea and Bayern Munich boss has masterminded an upturn in fortunes of his own at Goodison Park but has kept a keen eye on Arteta and has been impressed by what he has seen from Pep Guardiola’s former assistant.‘I prefer to have knowledge instead of [just] experience. It is more important to have knowledge and the fact that Arteta did his study with a fantastic manager like Guardiola, I think he has a lot of knowledge.‘The only thing that you miss is experience. I think that he has a lot of respect from the players for what he did as a player.‘When you start you don’t have experience but everyone in the world that starts has no experience. Experience is not so important. Every one of us has experience of what we are doing. Experience is natural.’MORE: Arsenal provide injury updates on Lucas Torreira, Kieran Tierney, Hector Bellerin and moreMORE: Arsenal legend Nigel Winterburn tells Mikel Arteta what he must do to beat Everton Advertisement Mikel Arteta is hoping Arsenal can mount a late charge and snatch fourth place from Chelsea (Picture: Getty)Arsene Wenger believes there is all still to play for in the race for fourth place and refused to rule out the possibility of Arsenal mounting a late charge.Manchester United’s victory at Stamford Bridge on Monday appeared to blow the race for Champions League qualification wide open, but Chelsea responded brilliantly to that setback on Saturday by beating Spurs 2-1 in a typically heated London derby.Arsenal, meanwhile, have displayed signs of life under Arteta following his appointment in December but genuine progress up the league table has been halted by a succession of frustrating draws.Arteta celebrated only his second Premier League win in charge last Sunday as Arsenal blew Newcastle away following a devastating second half display.AdvertisementAdvertisementADVERTISEMENTManchester City’s impending ban means fifth place could yet be enough to guarantee a return to Champions League football, but Wenger believes that with 11 games to go there is still enough time for his old club to make up the ground on Chelsea.
Advertisement The thumbtacks are, easily, the most painful weapon in the pro-wrestling ring despite their diminished size. The teeny, tiny piece of metal might look hassle-free when a wrestler lays it on the ground, but the moment someone lands on it, only he can describe the anguish.If you have started following WWE recently, your most fond memory of the metal pins would be that of Dean Ambrose slamming Chris Jericho on it at Extreme Rules 2016. Since then, WWE has turned a blind eye towards using the thumbtacks as they deem it to be extremely violent for the PG audience.However, in the past, thumbtacks had been used frequently, and the audience watched over their favorite wrestlers screaming in agony. Don’t believe me? Here are the most painful thumbtack moments in wrestling.