Howard Chang on X: “the primary reason we do not pursue project ownership - which would al…”

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Howard Chang on X: “the primary reason we do not pursue project ownership - which would al…” | PeekX

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Howard Chang

@Ava_Energy_CEO

Aug 5, 2022

While there is certainly great efficiency for a local agency like ours to partner with developers, engineers, contractors and operators when seeking to procure electricity from projects located across California (and increasingly the Western US)

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Howard Chang

@Ava_Energy_CEO

Replying to @Ava_Energy_CEO

the primary reason we do not pursue project ownership - which would allow us to access the very lowest cost project debt for one thing - is that we cannot monetize the ITC or PTC, which is offsets upwards of 30% of the cost of the project

Aug 5, 2022, 4:07 PM UTC

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