Robert Freedman | Source | Energy Leader, Partner at Shearman & Sterling LLP
Robert Freedman
Robert Freedman focuses on finance and development, asset acquisitions and dispositions, and complex work-outs and restructurings of infrastructure assets across the breadth of infrastructure sectors, including power, renewables and sustainable development, oil and gas, and transportation.
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If you’re a wind developer looking to invest long term in wind, you have to think about whether the P.T.C. is going to be there next year, and that’s up in the air right now. There are other pressures, too. Demand for new power plants is relatively low because of a sluggish economy; natural gas is cheaper and, especially in the West, many utilities are choosing to meet state renewable energy mandates with solar.
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Renewed Tax Credit Buoys Wind-Power Projects (Published 2013)
Numerous wind-energy projects stalled at the end of 2012, but Congressional action on a critical incentive has spurred developers to resume efforts.
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Shearman & Sterling LLP
Energy Leader, Partner