~$1B in renewable energy tax credits from NextEra's US wind and solar portfolio
NextEra entered agreement to transfer approximately $1 billion of tax credits throughout 2024. One of the largest single-company tax credit transfer agreements on record.
$1.00B
Deal Value
Other
Technology
Multi-state
Location
Deal Details
- Deal Type
- PTC Transfer
- Seller / Sponsor
- NextEra Energy
- Buyer / Financier
- Undisclosed
- Deal Value
- $1B
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Bloomberg Tax
Finance Counterparties
Lenders & Capital Providers
- Tax Credit Buyer
- Undisclosed
Related Deals
STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NextEra Energy Partners → Kinder Morgan
$1.815B
~842 MW solar portfolio across Arkansas, Louisiana, and Mississippi
NextEra Energy Resources, EDPR NA, Invenergy → Walmart
842 MW
~$40M of transferable ITC from Virginia community solar portfolio (600+ MW total SRE portfolio)
Summit Ridge Energy → Undisclosed (private real estate company)
$40M
ITC transfer from solar and battery storage projects (operational starting 2024)
ENGIE North America → Schneider Electric
~$40M of Section 45X AMPCs from US-manufactured PV inverters (H1 2024 production)
SolarEdge → Undisclosed
~$40M
Section 45X Advanced Manufacturing Production Tax Credits — $700M from 2023 US solar module production (6.3 GW Ohio factories)
First Solar → Fiserv
$700M (at $0.96 per $1.00)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.