Section 45X Advanced Manufacturing Production Tax Credits (AMPCs) from US-manufactured solar modules (Ohio + Alabama + Louisiana facilities)
First significant Section 45X Advanced Manufacturing Production Tax Credit transfer in solar manufacturing. First Solar sold up to $700M in 2023 AMPCs to Fiserv ($500M + up to $200M optional) at $0.96/$1. Citigroup Global Markets as placement agent. Validated 45X transfer market for IRA-incentivized US solar manufacturing.
$700M
Deal Value
Solar
Technology
AL, LA, OH
Location
Deal Details
- Deal Type
- Tax Equity & Tax Credits
- Seller / Sponsor
- First Solar
- Buyer / Financier
- Fiserv, Inc.
- Deal Value
- Up to $700M (at $0.96/$1)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- First Solar
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