In the Headlines
January 2025

M&A: The Fight for Capital Continues in 2025 as Rising Project Life Cycle Costs Continue to Pressure the Developer Model

New Project Media
Stephen Humes, co-leader of Holland & Knight's Renewable Energy Team, was quoted in a New Project Media article discussing ongoing capital-raising challenges facing the renewable energy industry as project development costs rise. The article outlined how the aftermath of the Federal Energy Regulatory Commission's (FERC) Order 2023 and assessment of interconnection fees have pressured developers, leading to early project sales and portfolio rationalizations by independent power producers (IPPs). Mr. Humes highlighted the struggles faced by companies amid higher costs.

"It really creates a population of haves and have-nots in terms of developing grid-scale renewable projects," he said.

READ: M&A: The Fight for Capital Continues in 2025 as Rising Project Life Cycle Costs Continue to Pressure the Developer Model

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