Milbank LLP Project, Energy and Infrastructure Finance partner Allan Marks is featured on a new episode of the New Project Media (NPM) Interconnections podcast, where he speaks with NPM’s Managing Editor Jon Berke about capital market conditions for clean energy projects. Their conversation addresses the current impacts of inflation, recent platform M&A deal trends and the increased number of utilities looking at large-scale procurement of renewables.
“The Inflation Reduction Act provided a huge boost, on top of an already strong market, to deploying capital to renewable energy in particular and decarbonization in general,” Mr. Marks says, adding that “interconnection queues and permitting are collectively the single biggest bottleneck to expanding investment beyond where it already is.”
Regarding the upcoming US presidential election’s impact on energy policy, Mr. Marks notes that “renewable energy investment crosses political boundaries and there has historically been very strong bipartisan support for wind and solar and other renewables, but the environment we’re in right now politically is not defined by policy. It’s defined by differences in political philosophies and sentiments. Renewables are becoming politicized just like everything else is in Washington.”
