Renewable Energy Company Coalition Encouraging Invest in Renewable Energy Projects

A coalition of renewable energy companies, known as Financing America’s Investment in Renewables (FAIR), is now enabling Americans to invest in renewable energy projects more easily and comfortably. This coalition of major renewable energy companies from across the country is advocating for equal treatment between clean energy and fossil fuels.

By taking into account of the country’s high potential in renewable energies, FAIR supports a change in the law that presently allows oil, gas, coal and other “natural resources”-based energy projects, but not renewable energy projects, to use Master Limited Partnerships (MLPs), a business structure that facilitates investment in qualifying projects. 

The FAIR coalition is actively engaged in efforts to support the MLP Parity Act. The FAIR Coalition believes that the MLP Parity Act cannot be considered a substitute for the Production Tax Credit or the Investment Tax Credit, but it could create a complement to those credits as part of a long-term renewable energy tax policy.

The MLP Parity Act allows investors in renewable energy projects access to the decades-old, tax-advantaged MLP structure that is currently available to investors in fossil fuel-based energy projects.

“Clean energy and economic opportunity are not partisan issues and we applaud bi-partisan efforts that are already underway to create a more predictable federal policy that will open up opportunities for millions of dollars of investment and new sources of clean energy,” said in a statement, Ray Henger, CFO of OWN Energy. “If enacted, the MLP Parity Act would translate into jobs, new sources of revenue for towns and communities, and new sources of clean energy at a competitive price for consumers.”

Jim Murphy, Chief Operating Officer of Invenergy, LLC, said, “It would give us a viable public market option for a portion of our capital needs, much like oil, gas, and coal have enjoyed for decades.”