tax equity financing

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

Renewables asset manager Greenbacker Capital Management (GCM) has completed a US$148 million tax equity financing commitment with RBC Community Investment.

Independent power producer (IPP) Energix Renewables has secured US$520 million for six utility scale solar projects that are expected to generate 416MW of electricity.

US solar and wind developer Duke Energy Renewables has received a US$90 million tax equity investment from financial holding company CapitalOne towards the 120MW Jackpot solar PV project in Idaho.

Toronto-based renewables developer Amp Energy has closed on a US$155 million tax equity and debt financing round for its solar-plus-storage portfolio in the US.

Spanish developer Matrix Renewables has signed its first US tax equity financing for two solar and energy storage projects in California.

Asset manager secures funding for California’s Springbok 3 and eyes commercial debut in June, eight months after buying the project.