Joint Ventures in Renewable Energy Projects: Structure Options, Transferability, Allocation of Liability, Tax Equity and More

Description

JVs are entered into for renewable energy projects based various reasons, such as financing, siting issues, real estate and environmental considerations. Energy counsel must perform a careful analysis of all factors to properly ensure that a renewable energy project's structure and legal provisions protect client interests.

The renewable energy industry is responding to changing marketplace conditions. Economic, operational, and other challenges require JVs to spread costs, overcome limitations, and mitigate risks. These JVs include landowners, developers, and private equity and/or venture capital firms.

The potential parties to a JV must weigh several considerations when determining what type of structure to use, including issues regarding transferability of the interests acquired, financing, management, real estate and environmental issues. The parties must delineate the scope and purpose of the JV and define what business activities the JV can and cannot do, as well as address potential conflicts with the parties' other businesses.

Listen as our authoritative panel of energy professionals discusses the market trends driving recent joint ventures for renewable energy projects as well as structural options. The panel will also examine several issues related to joint ventures within the renewable energy industry, such as management and control, transferability, financing, mutual interest provisions, consents, and tax equity.