CCUS projects gaining greater acceptance in the banking market as industry continues to face numerous obstacles
Sam Kamyans discussed with New Project Media carbon capture and sequestration projects and challenges associated with their financing.
“... Financing CCS projects relies in large part on the production tax credits under 45Q that are available for 12 years starting when a project begins commercial operations,” says Sam Kamyans, partner in the Tax Practice Group at Kirkland & Ellis. “These credits are monetized via tax equity, transferability, and in certain instances a five-year direct payment period where the taxpayer receives a cash grant in lieu of credits after which it monetizes the remaining credits using transferability or tax equity.”
