Cost of capital: 2024 outlook

The federal funds rate is expected to remain in a target range of 5.25 percent to 5.5 percent in the near term, with possible rate cuts later in the year. Tax equity yields are 100 to 200 basis points higher than during the pandemic. Tax credit sales ramped up quickly in late 2023 with prices trending higher. Join a conference call among a group of project finance industry veterans about what to expect in the year ahead for tax equity, tax credit sales and debt.

Speakers

Keith Martin
Co-head of Projects, Norton Rose Fulbright

Jack Cargas
Managing Director and Head of Tax Equity Origination, Bank of America

Ralph Cho
Co-CEO, Apterra Infrastructure Capital

Rubiao Song
Managing Director and Head of Energy Investments, JP Morgan

Elizabeth Waters
Managing Director - Project Finance Americas, MUFG