production tax credit

The US Senate has narrowly passed – with a 51-50 vote and with vice-president JD Vance breaking the tie – the reconciliation bill yesterday (1 July) without the solar and wind excise tax.

Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.

The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).

This is the first operational renewable project for the IPP in the US, and is part of a 1.8GW development portfolio in the country.

With the United States on the cusp of an IRA-driven surge in utility-scale PV deployment, Mark Bolinger and Joachim Seel of the Lawrence Berkeley National Laboratory cover key technology and market trends in this synopsis of their annual “Utility-Scale Solar” report series.

Origis Energy has secured US$317 million in project tax equity for two US solar projects with a combined capacity of 350MWac.

Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.

Renewable energy financier Excelsior Energy Capital has closed US$1.3 billion in financing for its recently-acquired 682.5MW Faraday solar PV project in Utah County, Utah, US.

US renewables asset manager Arevon Energy has reached financial close on its 157MW/150MW (600MWh) Vikings solar-plus-storage project in Imperial County, California.

Evergrow has claimed the first tax credit transaction using transferability under the Inflation Reduction Act for a solar plant in Connecticut.