Sunedison Inc. (fka SUNEQ)

[FEED_THE_FOXES]

SA: the Pumper of all Pumpers. Just spread some ignorance and hope the sheep will follow. ARRA tax grants (i.e. cash) and energy tax credits vest at the project owner level. Project owners are virtually always single purpose legal entities which only own and operate the project. The owner/tax payer of the energy project (i.e. the Tax Equity) claims all of the tax benefits and liabilities generated by the project. So when a developer, e.g. SUNE, completes and sells a project placed in-service to an investor, i.e. the Tax Equity, all the tax grants and tax credits stay with the project (as prescribed in Federal Tax Law). The value of the tax grant and/or tax credit is always a primary factor in establishing the purchase price the Tax Equity pays for the project. The fact that SUNE couldn’t make a profit selling projects is another story in itself. FYI, the 1603 grant program for wind expired in 2013. Since SUNE didn’t get into substantial wind development until it acquired First Wind in January 2015 the idea that large amounts of tax grants and credits were “misplaced or mishandled” is pure foolishness.