Dusko Stojkov

/My focus

My primary focus is on renewable and clean energy (solar, storage, wind, and emerging technologies eligible for 45Y, 48E, and other credits), including project development, tax equity, credit transfers, and restructurings to take advantage of new credits and bonus adders. I help clients navigate the complexity and rapid evolution of federal clean energy incentives, including qualification for and stacking of credits, bonus adders, transferability, and direct pay.  A critical part of my work today is FEOC compliance, helping clients build audit-ready supply chain diligence frameworks, and structure transactions so credit eligibility is protected despite ongoing regulatory uncertainty.

On the transactional side, I advise on structuring to optimize tax attributes while managing risk for all stakeholders (sponsors, investors, and lenders), drafting tax provisions in operating agreements and financing documents, and dealing with issues such as recapture, change in law, and IRS audit exposure, including drafting and negotiating complex tax allocation and distribution provisions in partnership and LLC agreements, and tax-efficient structuring of acquisitions and divestitures. I also counsel clients on U.S. withholding and tax filing obligations and US tax planning.

/Representative experience

Representative experience includes matters handled at previous firm.

• I advised a developer on a hybrid transaction combining a partnership flip structure with a § 6418 credit transfer, working closely with the developer’s modeling team to stress-test the tax equity model across multiple ITC step-up scenarios, while contemporaneously negotiating the partnership agreement and financing, structuring around uncertainties stemming from potential non-qualified nonrecourse financing risks to preserve the  full credit base that met the investor’s risk constraints, while preserving upside for the developer
• I guided a sponsor through FEOC compliance and beginning-of-construction planning for a large pre–2026 utility-scale solar portfolio by designing a disciplined documentation and certification approach for beginning-of-construction documentation and FEOC compliance enabling the sponsor to preserve credit eligibility and meet financing milestones despite significant regulatory uncertainty

/Looking ahead

Key growth areas where NP is well positioned to lead include the maturing tax credit transfer trading market, next generation clean energy technologies (such as advanced storage and carbon capture applications), and platforms that integrate real estate and clean energy assets. I can help the firm capitalize on these, working closely with project finance and energy regulatory colleagues to deliver integrated solutions for sponsors and investors, and driving thought leadership that reinforces NP’s role as the market leader.