Tax Credits
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Schneider Electric has purchased 45X Advanced Manufacturing Production tax credits from solar module manufacturer Silfab Solar through tax credit transfer platform Crux.
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Tax credit transfer fintech company Crux Climate has facilitated the sale of $3.5 million in investment tax credits (ITCs) with enXchange to an undisclosed third party in Oklahoma.
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Tax credit transfer platform Crux Climate has secured a partnership with the American Clean Power Association (ACP), connecting more than 800 CPA members to its platform.
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The US Treasury Department has released the final rules for the transferable tax credits of the Inflation Reduction Act (IRA).
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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Solar manufacturer Maxeon Solar Technologies has filed a patent infringement lawsuit against REC Solar Holdings regarding its PV solar cell technology in Texas.
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Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
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Origis Energy has closed a $136 million construction financing facility and a conversion-to-term loan from MUFG for its 75MW Rice Creek Solar project in Florida.
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The US offshore wind sector continues to gain momentum with the latest round of regulatory approvals as financiers begin to prep the paperwork to fund these mega projects.
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The Department of Energy (DOE), the US Treasury Department, and the IRS have awarded $4 billion in tax credits to 100 projects across clean manufacturing, critical materials, and industrial decarbonisation.
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Brazil has introduced a bill to incentivize in the use of renewable energy by offering tax benefits on the investment in equipment for generating electrical energy from renewable sources.
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InfraRed Capital Partners has closed its purchase of shares in 2 utility-scale onshore renewables projects from Shell's US subsidiaries, Shell Windenergy and Savion, for $166 million.
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CapturePoint has sold 100% of the 45Q tax credits generated by carbon dioxide (CO2) capture at its Arkalon CO2 facility near Liberal, Kansas to an unnamed buyer in a 12 year agreement.
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Schneider Electric plans to invest $140 million into 2 Tennessee-based power distribution technologies manufacturing plants.
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Law firm Sheppard, Mullin, Richter, & Hampton has hired tax attorney Julie Marion to the energy, infrastructure, and project finance team as partner in Chicago.
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EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Canadian power company TransAlta has signed 10-year tax credit transfer agreements for 2 Oklahoma-based wind projects totalling 500MW.
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Chevron New Energies is set to develop a 5MW hydrogen production and solar project on its existing oil field in California's Central Valley.
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