In a Law360 article entitled “State Of 2025 Energy Dealmaking: Midyear Report,” Foley Hoag Energy & Climate Practice Co-Chair Adam Wade commented on the urgency among clean energy developers to finalize in the first half of 2025, as well as the shifting dynamics in the clean energy supply chain, both brought on by uncertainty resulting from Trump administration policies.

Wade attributed uncertainty around Inflation Reduction Act clean energy tax credits to the spate of deals in the first half, commenting "We were rushing to get things signed up, get binding commitments from tax equity and tax credit buyers, lenders, and close transactions for purchase and sales of assets. We had a lot of activity in the first half, sensing there might be changes afoot." 

On the changes in supply chains, Wade suggested that much could be attributed to the administration’s tariff policy causing suppliers to shift tariff obligations: “A lot of suppliers have pushed on to the buyers obligations to act as the importer of record, and obligations to accept risks for equipment at the port of export. That's a big shift in the industry, it used to be you would simply pay for the obligations, and the seller would take the tariff risk.”

Read the full article in Law360 here.