Foley & Lardner LLP partner Kyle Hayes is quoted in the Law360 article, “No Shortage Of Action For Energy Deal-Makers In 2023,” discussing some of the challenges renewable energy projects have faced this year as developers and investors faced inflation, higher interest rates, supply chain issues, and grid interconnection delays.
Hayes noted that renewable energy project customers have also exercised more leverage with developers that are seeking more favorable terms.
“There’s a lot more diligence being done by offtakers,” Hayes explained. “Project developers are increasingly willing to share more of the details in terms of the actual project development, understanding that offtakers are a bit more needy.”
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