Financing for Texas Wind Power in Disarray After Winter Storm
Renewable energy investors are reassessing their plans in Texas after last month’s winter storm froze some wind power projects and left their complex financing arrangements in a shambles. ..."Project lenders and tax equity are going to look very carefully at what happened, and they’re not going to do it again," said George Humphrey, an energy project lawyer at Thompson & Knight in Houston. "Taking market exposure is nuts. That’s what happened under these hedges."