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
- PTC Transfer
- 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
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