Miles Killingsworth Quoted on How Tax Equity is Managing Risk of Investing in Smaller Solar Portfolios

Stoel Rives’ attorney Miles Killingsworth is quoted in a New Project Media article that discusses how tax equity investors have become more adept in financing distributed generation (DG), or smaller-scale, solar projects.

Killingsworth, an associate in Stoel Rives’ project finance group, said that tax equity investors have adapted a financing method commonly used in utility-scale solar transactions to DG portfolio deals—projects are managed in tranches, clustered according to their attainment of certain milestones.

Killingsworth notes also that managing projects in allotments reduces the impact of default by individual subscribers and has allowed investors to be “more comfortable with the idiosyncratic risk of each project.”