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Smarter Finance for Cleaner Energy: Open up Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) to Renewable Energy Investment

Brookings Remaking Federalism/Renewing the Economy Series, 2012

8 Pages Posted: 12 Nov 2012  

Felix Mormann

Texas A&M University School of Law; Stanford Law School

Dan Reicher

Steyer-Taylor Center for Energy Policy and Finance

Date Written: November 13, 2012

Abstract

This policy proposal makes the case for opening Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) — both well-established investment structures — to renewable energy investment. MLPs and, more recently, REITs have a proven track record for promoting oil, gas, and other traditional energy sources. When extended to renewable energy projects these tools will help promote growth, move renewables closer to subsidy independence, and vastly broaden the base of investors in America’s energy economy.

Keywords: energy, renewable, MLP, REIT, wind, solar, PTC, ITC, geothermal, tax, investment, market, capital, development, market, power, electricity, renewables, green, clean, stimulus, security, environment, climate change, energy independence, carbon, climate, greenhouse, gas, mitigation, policy, finance

JEL Classification: D40, D62, E60, F01, H30, H51, H60, H70, K23, K32, L10, M13, O10, O32, O38, Q20, Q28, Q40, Q42, Q48

Suggested Citation

Mormann, Felix and Reicher, Dan, Smarter Finance for Cleaner Energy: Open up Master Limited Partnerships (MLPs) and Real Estate Investment Trusts (REITs) to Renewable Energy Investment (November 13, 2012). Brookings Remaking Federalism/Renewing the Economy Series, 2012. Available at SSRN: https://ssrn.com/abstract=2174650

Felix Mormann (Contact Author)

Texas A&M University School of Law ( email )

1515 Commerce St.
Fort Worth, TX 76102
United States

Stanford Law School ( email )

Steyer-Taylor Center for Energy Policy and Finance
559 Nathan Abbott Way
Stanford, CA 94305-8610
United States

Dan Reicher

Steyer-Taylor Center for Energy Policy and Finance ( email )

Stanford University
Stanford, CA 94305
United States

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