First Solar cashes in on sale of Inflation Reduction Act tax credits
Generated from the manufacturer’s U.S. facilities, First Solar expects to receive gross cash proceeds of approximately $819 million upon the transaction’s completion.
Massachusetts utility-scale battery projects sell IRA tax credits for nearly $10 million
Four municipal utilities in Massachusetts, led by developer Lightshift Energy, are using Basis Climate to facilitate tax credit transfers for battery storage, with plans for up to 50 MW of capacity, ranging from 3 MW/9 MWh to 5 MW/22 MWh.
The rise of transferable tax credits in clean energy finance
Transferable tax credits offer a flexible, market-driven solution that complements traditional financing options.
Primergy closes $225 million in financing for solar-plus-storage portfolio
The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
Sunrise brief: Crux announces over $3.1 billion in tax credits transferred
Also on the rise: Sunrun and New York utility embark on residential virtual power plant. U.S. solar factories: From announcements to reality. And more.
Sunrise brief: Solar-plus-storage dominating future U.S. power grid
Also on the rise: Hydrogen-powered data center planned for Texas. Solar module manufacturer closes $50 million tax credit transfer. And more.
Solar module manufacturer closes $50 million tax credit transfer
Heliene will use the investment on its existing and planned U.S. solar cell and module manufacturing facilities.
Sunrise brief: Setting standards for solar supply chain transparency
Also on the rise: Kimberly-Clark Corp. signs $230 million+ tax credit transfer deal with Schneider Electric. BLM seeks comment on two large-scale solar projects. And more.
Kimberly-Clark Corp. signs $230 million+ tax credit transfer deal with Schneider Electric
The U.S. manufacturer of personal care products will fund four new battery energy storage projects, supporting its decarbonization goals as well as grid resiliency.
A look at IRA successes and failures
David Burton, attorney with Norton Rose Fulbright and specialist in energy tax law, looks at tax credit transfer, domestic content, energy communities, prevailing wage and more.
