North Fork Solar Project — $103M PTC transfer from solar project with 15-year OMPA offtake
Recurrent Energy's first PTC transaction and first tax credit transfer. Credits transferred to Bank of America. OMPA purchasing 100% of energy under 15-year agreement.
$103M
Deal Value
Solar
Technology
OK
Location
Deal Details
- Deal Type
- Tax Equity & Tax Credits
- Seller / Sponsor
- Recurrent Energy (Canadian Solar)
- Buyer / Financier
- Bank of America
- Offtaker
- OMPA
- Deal Value
- $103M
- Stage
- Operating
- ISO/RTO
- SPP
- Source
- Canadian Solar IR
Finance Counterparties
Lenders & Capital Providers
- Tax Credit Buyer
- Bank of America
Related Deals
Live Oak Wind — 200 MW (Schleicher County TX)
ENGIE North America → Bank of America Merrill Lynch (lead); Rabobank (LC)
$302M ($147M debt + $155M tax equity)
Stanford Solar Generating Station 2 — 88 MW (63 MWac) solar, Kings County, California (CAISO)
Recurrent Energy (Canadian Solar) → Stanford University
Maplewood Solar — 222 MW solar, TX (ERCOT)
Recurrent Energy (Canadian Solar) → Anheuser-Busch
Huckleberry Solar — 125 MWac utility-scale solar, Mayes County, Oklahoma (SPP)
Leeward Renewable Energy → Google
Mayes Solar — 102 MWac utility-scale solar, Mayes County, Oklahoma (SPP)
Leeward Renewable Energy → Google
Section 45X Advanced Manufacturing Production Tax Credits (AMPCs) from US-manufactured solar modules (Ohio + Alabama + Louisiana facilities)
First Solar → Fiserv, Inc.
Up to $700M (at $0.96/$1)
Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.