Counsel Martha Kammoun spoke to International Financing Review about the upcoming deadline for renewable energy projects to secure expiring clean energy tax credits, and how new Foreign Entity of Concern restrictions are adding complexity to the underwriting process for project financings.
“Banks are saying they want added diligence to vet the FEOC requirements, which will take more time,” Martha told IFR.
The restrictions, enacted as part of last year’s One Big Beautiful Bill Act, limit tax credit eligibility for certain renewable energy projects that source materials or components from countries and other entities considered high-risk, including entities with ties to China.
International Financing Review is a provider of global capital markets news and analysis.
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