Renewables asset manager Greenbacker Capital Management (GCM) has completed a US$148 million tax equity financing commitment with RBC Community Investment.
A provision under the US Inflation Reduction Act allowing for federal tax credit transfers for solar projects is creating whole new market, giving developers flexibility to sell such credits to third parties to capture maximum value or reduce risk, says a legal and commercial advisor.
The largest climate package in US history promises to turbocharge the country’s solar sector, but considerable uncertainty remains around the impact the Inflation Reduction Act will have and how it will be enforced by authorities, writes Sean Rai-Roche.
US tracker manufacturers are planning to ramp up production capacity as they take advantage of support included in the country’s newly passed Inflation Reduction Act (IRA).
US solar players have hailed the country’s landmark Inflation Reduction Act (IRA), signed into law by President Joe Biden this week, as a once-in-a-generation legislation that lays the groundwork for accelerated PV deployment and a significant ramp-up in domestic manufacturing.
As Senate Democrats continue negotiations over President Joe Biden’s US$1.75 trillion Build Back Better plan, Jules Scully looks at how the package could drive solar deployment and bolster domestic PV manufacturing.
Department shares plans to ‘modify the relevant rules in the near future’ but adds scant detail in laconic response to bipartisan senator coalition, who had requested one-year extension.
