Webcast: New Rules for Buying and Selling Clean Energy Tax Credits

July 18, 2023

Corporations can now purchase clean energy tax credits. Gibson Dunn Partners Mike Cannon and Matt Donnelly walk through:

  • the credits available for purchase,
  • the process for purchasing credits,
  • the issues that buyers and sellers will be advised to address in negotiating credit sales, and
  • emerging market developments related to the new rules for selling credits.

View Slides (PDF)

PANELISTS:

Matt Donnelly is a partner in the Washington, D.C. office of Gibson Dunn & Crutcher and a member of the firm’s Tax Practice Group. Mr. Donnelly regularly advises clients on tax issues relating to the development, financing, acquisition and disposition of energy projects, with a particular emphasis on federal tax credit eligibility and monetization. He has advised investors and developers in connection with numerous wind energy projects and residential, C&I and utility-scale solar projects, as well as in connection with investments in energy storage, carbon capture technologies and electrochromic glass. Mr. Donnelly is admitted to practice in the states of Illinois and the District of Columbia.

Michael Cannon is a tax partner who dedicates the majority of his practice to energy, infrastructure and project finance tax matters, advising in connection with transactions involving a wide range of energy (both oil and gas, conventional power generation, and renewable energy) and other infrastructure assets. In addition to advising on mergers and acquisitions transaction, Michael has significant experience advising both sponsors and tax-equity investors in connection with transactions designed to monetize tax assets in connection with energy infrastructure investments. Mr. Cannon is admitted to practice in the state of Texas.

MCLE CREDIT INFORMATION:

This program has been approved for credit in accordance with the requirements of the New York State Continuing Legal Education Board for a maximum of 1.0 credit hour, of which 1.0 credit hour may be applied toward the areas of professional practice requirement. This course is approved for transitional/non-transitional credit.

Attorneys seeking New York credit must obtain an Affirmation Form prior to watching the archived version of this webcast. Please contact [email protected] to request the MCLE form.

Gibson, Dunn & Crutcher LLP certifies that this activity has been approved for MCLE credit by the State Bar of California in the amount of 1.0 hour.

California attorneys may claim “self-study” credit for viewing the archived version of this webcast. No certificate of attendance is required for California “self-study” credit.