tax equity

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.

‘Solar Module Super League’ member First Solar has aimed to double down on manufacturing with the sale of its O&M division, having kickstarted discussions around the future of its EPC business.

US-based independent power producer (IPP) sPower has closed a US$350 million tax equity commitment from banking giant Wells Fargo to support its Spotsylvania Solar Energy Center project.

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

The solar investment tax credit (ITC) has survived a major round of tax reform in the US but demand for credits generally could fall.