Clean Tech
Mar. 17, 2011
Dirk Michels
K&L Gates LLP Palo Alto
Desperate times may call for desperate measures, but they can sometimes lead to innovation. Dirk Michels, a partner at K&L Gates LLP, found a way to take an "inverted lease structure" - a financial tool sometimes used in affordable housing and historic building deals - and adapted it to work in renewable energy projects.
In an inverted lease structure the tax equity partner invests in a project through a subsidiary that leases the project from ...
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