H1 2025 tax credit transfer market — $20B+ across solar, storage, wind, manufacturing

Amazon Q1/Q2 2021 PPA tranche — 9 projects globally; US: 118 MW Murray County OK wind, 400 MW solar in OH, 100 MW PV + 70 MW BESS Imperial Valley CA (first Amazon solar+storage)

Multiple developers → Amazon

1,500 MW

Alta Wind VIII (150 MW CA) + Windstar (120 MW CA) + Coram (22 MW CA) + Granite Reliable (99 MW NH) — 391 MW operating wind portfolio

Brookfield Renewable Partners → NextEra Energy Partners

$733M

~2,520 MW renewables portfolio: Little Blue Wind (251 MW NE) + Minco Wind III (107 MW OK) + Borderlands Wind (99 MW NM) + Elora Solar (150 MW TN) + Quitman II Solar (~150 MW GA) + Quinebaug Solar (~49 MW CT) + Fish Springs + Dodge Flat (NV) + Cool Springs Solar (GA)

NextEra Energy Resources (drop-down) → NextEra Energy Partners (50% stake)

$849M (NEP) + $824M (Apollo)

~30 landfill-gas-to-electric facilities (to be converted to RNG)

Energy Power Partners → NextEra Energy Resources

$1.1B (incl. ~$37M project finance debt) + $400M RNG conversion capex

Archaea Energy — leading US RNG (renewable natural gas) developer/operator, 50+ landfill gas + biogas projects

Archaea Energy Inc. (NYSE: LFG, public shareholders) → bp p.l.c.

$4.1B EV ($3.3B cash equity at $26/share + ~$800M net debt)

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)