Renewable Energy Developments to be Honored at Novogradac & Company LLP’s Financing Renewable Energy Conference

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Novogradac Journal of Tax Credits Presents Renewable Energy Power Awards in Las Vegas

The Novogradac Journal of Tax Credits today announced the winners of the 2014 Renewable Energy Power Awards, which recognize exceptional achievement in the development of renewable energy projects. Winners will be honored April 23 during a luncheon ceremony at the Novogradac Financing Renewable Energy Conference at the Four Seasons in Las Vegas.

“On behalf of Novogradac & Company, I’d like to congratulate the winners of this year’s Renewable Energy Power Awards,” said Stephen Tracy, CPA, conference chairman and partner in Novogradac & Company LLP’s San Francisco office. “Their fine work and innovation illustrates dedication and skills of the respective companies and also highlights the importance of maintaining the effective renewable energy incentives that make these projects financially feasible.”

The Renewable Energy Power Awards are presented to development teams with effective and innovative renewable energy tax credit projects in terms of job creation, community impact and reducing energy footprint. Developments eligible for consideration in this round were placed in service in 2013 and 2014 and used the federal renewable energy investment tax credit (ITC), the federal renewable energy production tax credit (PTC) and/or Section 1603 cash grant funds. Awardees were recognized in three categories:

Financial Innovation

  • Winner: The Roosevelt Landings Project

o Developed by Urban Greenfit LLC-David Davenport
o Owned by Urban American and Brookfield Real Estate Partners

Overcoming Obstacles

  • Winner: Regulus Solar Project

o Developed by SunEdison Inc.
o Owned by TerraForm Power Inc.

Small Community Project

  • Winner: Arbor Green

o Developed by Affirmed Housing
o Owned by Affirmed Housing

Full descriptions of the winning developments can be found at http://www.novoco.com/awards/energy/index.php

The Novogradac Journal of Tax Credits provides news, analysis and commentary on the affordable housing, new markets, renewable energy and historic rehabilitation tax credit industries. This comprehensive 80-page monthly publication features columns written by industry experts, Q&As on technical tax credit issues, features about tax credit developments and more, all informed by Novogradac and Company’s 25 years of experience on the front lines of the tax credit industry.

Novogradac, which just celebrated its 25th anniversary, began operations in 1989, and the allied group of Novogradac companies has since grown to more than 500 employees and partners with offices in San Francisco, Walnut Creek and Long Beach, Calif.; the Washington, D.C., Atlanta, Ga., Detroit, Mich., Kansas City, Mo. and Seattle, Wash. metro areas; St. Louis, Mo., Boston, Mass.; Austin, Texas; Dover, Columbus and Cleveland, Ohio; New York, N.Y.; Portland, Ore.; Chicago, Ill.; and Naples, Fla. Specialty practice areas include tax, audit and consulting services for tax-credit-assisted multifamily and affordable housing, community revitalization and rehabilitation of historic properties. Other areas of expertise include military base redevelopment, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about the Novogradac Journal of Tax Credits Renewable Energy Power Awards, please contact Alexandra Bernard at (415) 356-7627, or by email at Alex(dot)Bernard(at)novoco(dot)com.

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