tax equity

Nautilus Solar Energy has entered a US$275 million tax equity partnership with Greenprint Capital to expand its US community solar portfolio.

Yesterday, the bank launched a new tax equity investment “product” through its Energy Finance business aimed at renewable energy projects.

Nestlé is the sole tax equity investor of the 326MW Stampede solar-plus-storage project and will also acquire the renewable energy attributes from the whole capacity of the solar PV plant.

In related news, Google has signed a strategic long-term agreement with independent power producer Energix Renewables to develop 1.5GW PV.

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

US solar developer Primergy Solar has closed commitments for US$300 million in debt and text equity investments for a 100MW solar project in Arkansas, US.

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

Solar developer Heelstone Renewable Energy has closed a tax equity investment for four solar projects in Georgia, the US, with a cumulative capacity of 320MWdc.

US solar developer Swift Current Energy has closed financing on a 266MW solar PV project in Southeast Texas.

Major US bank Wells Fargo has closed its maiden tax equity investment into a colocated solar-storage project currently under construction in New Mexico, US.