Viki’s practice focuses on tax matters related to renewable energy deals. She represents investors and developers of clean energy projects, providing guidance on the impact of the Inflation Reduction Act of 2022 (IRA). Viki advises on eligibility for various clean energy projects, including solar, wind, energy storage, hydrogen, fuel cells, and RNG. In addition to working with traditional tax equity structures, she has experience with deals involving the transfer of tax credits.
Furthermore, Viki advises partnerships, corporations, and individuals on the federal income tax aspects of complex domestic and cross-border transactions. Her experience includes mergers and acquisitions, joint ventures, reorganizations, and private equity.
The following is a list of representative matters in which Viki has assisted.
Major financial institution in the $212 million tax equity financing in connection with the development of a 126 MW wind project in Maine
Tax equity investor in the $252 million financing of an approximately 189 MWac wind energy project located in Chowan County, North Carolina, that received the Domestic Content bonus credit for incorporating a requisite amount of U.S. manufactured products into the wind turbines; also provided representation on the subsequent sale of the tax credits to third party buyers
Stonepeak in the acquisition from Ørsted of an approximately $300 million interest in a 957 MW portfolio of four U.S. onshore wind projects
Vitol Inc. in a landmark tax credit transfer agreement with Avangrid, Inc. to purchase an estimated $100 million of wind PTCs
Tax equity investor in the provision of a tax opinion and tax equity investment in connection with a biogas ITC project
Wind turbine manufacturer in the sale of its IRA manufacturing credits
Education
Admissions
Client Alerts
Crux + Vinson & Elkins: Tax Credit Transfers 101: A Guide to the Essential Steps
Much has been written about the benefits of tax credit transfers following the passage of the Inflation Reduction Act (IRA), but questions remain as to how to actually effectuate a transfer.
October 16, 2024 • Published by Crux
October 16, 2024 • 10-minute read
Client Alerts
Charging Forward: Proposed Regulations Issued for EV Charging & Alternative Fuel Refueling Property
On September 18, 2024, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) (1) issued proposed regulations (the “Proposed Regulations”) providing guidance to taxpayers on the Alternative Fuel Vehicle Refueling Property Credit available under section 30C of the Internal Revenue Code of 1986, as amended (“30C Credit”) and (2) released Notice 2024-64 (the “Notice”)1 to correct certain technical issues related to mapping tools used to identify eligible census tracts for the 30C Credit.2
September 25, 2024 • V&E Renewable Energy Update
September 25, 2024 • 4-minute read
Client Alerts
Treasury Issues Proposed Regulations on Clean Electricity Low-Income Communities Bonus
On August 30, 2024, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed Regulations”) providing additional guidance to taxpayers on the “Low-Income Communities Bonus” (“LICB”) available under section 48E(h) of the Internal Revenue Code of 1986, as amended.
September 13, 2024 • V&E Renewable Energy Update
September 13, 2024 • 3-minute read
Client Alerts
Treasury Updates its Energy Community Guidance
On March 22, 2024, the Internal Revenue Service (IRS) issued additional guidance in respect of the “Energy Community Bonus” in Notice 2024-30 (the “Notice”), which provides two key updates: (1) offshore wind farms have two new ways to meet the Nameplate Capacity Attribution Rule, and (2) adding new industry codes for evaluating employment rates related to fossil fuel industries.
March 25, 2024 • V&E Inflation Reduction Act of 2022 Update
March 25, 2024 • 4-minute read
Client Alerts
Final Direct Pay Regulations Released
On March 5, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “Service”) issued final regulations (the “Final Direct Pay Regulations”) regarding the direct pay election for certain tax credits available under section 6417 of the Internal Revenue Code of 1986, as amended (the “Code”).
March 6, 2024 • V&E Inflation Reduction Act of 2022 Update
March 6, 2024 • 6-minute read
Deals & Cases
Ørsted Divests Share of Four US Onshore Wind Farms to Stonepeak
Vinson & Elkins advised Stonepeak in the acquisition of an interest in a portfolio consisting of four US onshore wind farms with a total capacity of 957 MW from Ørsted.
March 13, 2024
March 13, 2024 • 1-minute read
Deals & Cases
Avangrid and Vitol Reach Landmark Transfer Agreement for $100 Million of Production Tax Credits
Vinson & Elkins advised Vitol Inc. in a landmark transfer agreement with Avangrid, Inc. for an estimated $100 million of 2023 production tax credits from eight operating wind farms, totaling 1,134 megawatts of generating capacity.
October 3, 2023
October 3, 2023 • 1-minute read
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