Image of Kara Altman

Kara Altman

Associate

Email

kara.altman@aoshearman.com

Phone

+1 202 912 1806

Offices

Washington DC

V-CARD
Kara's practice focusses on federal income tax matters related to renewable energy projects.
Kara also has experience advising clients on the tax aspects of fund and joint venture formation and on investments in US real estate. Prior to joining the firm, Kara was an attorney with the IRS Office of Chief Counsel, Passthroughs & Special Industries, where she advised on the carried interest tax regulations and on various tax litigation matters.

Experience

Representative matters

  • Nexamp Inc. in a tax equity joint venture with a global financial institution.
  • Grosvenor Capital Management in connection with a USD100m minority investment in a sponsor managing a portfolio of renewable energy and storage assets in North America.
  • Advantage Capital as fund manager for a tax equity investor in a partnership flip transaction involving a utility-scale solar project.
  • A developer in relation to the tax equity financing for its solar PV and battery energy storage system project in South Carolina.
  • A developer on a transaction to obtain cash equity financing and the sale of tax credits generated by three solar projects in NY and CA.
  • SunPower Inc. on mezzanine financing, senior debt, cash equity, and a tax credit transfer for 2024 portfolio of third party owned systems.
  • An energy transition company in relation to the construction and back-leverage term loan financing for its Lone Star solar PV and battery energy storage system project in South Carolina.
  • Generate Capital Inc. in the tax equity financing of an approximately 85 MW of New York community solar projects in New York (and 30 MW portfolio of fuel cells located across several states).
  • A purchaser of investment tax credits and 45Z credits to be generated by a portfolio of renewable natural gas projects.
  • InfraRed Capital Partners and its controlled affiliates in the acquisition of 60% equity interest in Brazos Wind Holdings onshore wind farm and 50% equity interest of Madison Fields solar development from Savion (a Shell subsidiary).
  • Stonehenge Capital on the arrangement of a purchase of federal tax credits.

Leadership Positions And Professional Affiliations

Member, District of Columbia Bar

Member, New York State Bar

Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.