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About the Episode:
Billy Lee, Co-founder & President of Reunion Infrastructure, discusses the complexities in monetizing tax credits from renewable energy projects. Learn how Reunion is navigating through tax equity barriers that have historically disadvantaged smaller distributed solar projects. The discussion delves into the transformative impact of the Inflation Reduction Act (IRA), unraveling how Reunion connects developers and corporate buyers in the purchase of clean energy tax credits. Also, learn about Billy's journey from working in oil and gas investment banking to becoming a renewable energy entrepreneur.
Helpful RESOURCES:
Connect with Billy Lee:
Check out Reunion Infrastructure:
Further Reading & Resources:
Key Takeaways:
Monetization of Tax credits: Efficient monetization of renewable energy project tax credits has long plagued the industry; with the IRA, a new avenue for green investment and financing emerges that does far more than just help finance solar.
Market Liquidity: Reunion Infrastructure’s marketplace of transferable tax credits, demonstrates how effectively creating liquidity in the renewable energy market can drive industry growth and foster innovation.
Solving Tax Equity Complexities: The IRA's introduction of tax credit transferability addresses historical barriers faced by smaller distributed solar projects, overcoming complexities associated with tax equity that primarily favored large centralized energy projects. We also learn the pie is much larger than just energy generation.
WATCH THIS EPISODE ON YOUTUBE:
NOTEWORTHY QUOTE:
“We set up our unit to be a marketplace that really facilitates the purchase and sale of these credits. And our thesis was that the folks doing tax equity will continue to do tax equity. The folks joining buying tax credits are going to be companies from all walks of corporate America, right. And that’s a big subset of entities out there.”
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ABOUT THE HOST OF SUNCAST:
Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.
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If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.