Federal Legislation Would Allow Green Energy to Use Master Limited Partnerships
Legislation to give renewable energy projects the ability to use master limited partnerships (MLPs) was reintroduced in the House of Representatives. The Financing Our Energy Future Act would expand MLPs–a structure currently only available for oil, gas and coal projects–to clean energy. MLPs are structured as a partnership, but the ownership interest can be traded. Solar, wind, fuel cells, energy storage and wide swath of other green energy sources would be eligible under the legislation. That would give those projects access to larger and more liquid sources of capital. Text of the bill was not immediately released, but similar legislation was introduced in 2021.
Stay updated on the latest clean energy developments with a subscription to the Novogradac Journal of Tax Credits.