Section 45X Advanced Manufacturing Production Tax Credits — $700M from 2023 US solar module production (6.3 GW Ohio factories)
Landmark first significant 45X tax credit transfer in solar manufacturing. Two TCTAs: $500M + $200M. Citigroup Global Markets as placement agent. Fiserv pays $0.96/$1.00. Credits from 2023 module production at 3 Ohio factories. Signed Dec 22, 2023; closed Q1 2024.
$700M
Deal Value
Other
Technology
OH
Location
Deal Details
- Deal Type
- Tax Equity & Tax Credits
- Seller / Sponsor
- First Solar
- Buyer / Financier
- Fiserv
- Deal Value
- $700M (at $0.96 per $1.00)
- Stage
- Operating
- ISO/RTO
- PJM
- Source
- pv magazine
Service Providers
Advisory & Legal
- placementAgent
- Citigroup Global Markets
Finance Counterparties
Lenders & Capital Providers
- Tax Credit Buyer
- Fiserv
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