transferability

Arevon said that the transaction made use of the Inflation Reduction Act’s (IRA) tax credit transferability scheme.

Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.

US solar cell and module manufacturer Silfab Solar has completed a tax credit transfer deal with energy software company Schneider Electric.

PV Tech Premium speaks with Crux about the interest in the 45X credit market in the US, including First Solar's deal made late last year.

Solar developer Lightsource bp has closed a US$348 million financing package to support the construction of a solar portfolio in Texas, US.

Appetite to invest in US community solar projects has seen increased interest since last year, boosted by the Inflation Reduction Act.

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.

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