An ACCIONA Energía photo voltaic venture.
Foundation Local weather has introduced the switch of Manufacturing Tax Credit (PTCs) throughout three transactions on behalf of the renewable power developer ACCIONA Energía.
The transferred credit had been generated by ACCIONA Energía’s Fort Bend, Purple-Tailed Hawk, Inexperienced Pastures I, and Inexperienced Pastures II services situated in Texas. Fort Bend is a 240-MWAC photo voltaic venture, whereas the bigger Purple-Tailed Hawk is a 350-MWAC photo voltaic farm. Inexperienced Pastures I and Inexperienced Pastures II, two wind farms with mixed capability of 300 MWAC, had been acquired by ACCIONA in November 2024. These 4 initiatives, alongside three wind farms in Cameron County, and the Cunningham Battery Storage System situated in Hunt County, Texas symbolize the corporate’s dedication to continued renewable power investments within the state.
For the Fort Bend and Purple-Tailed Hawk initiatives, ACCIONA Energía engaged Foundation to search out consumers for the PTCs related to its Class B curiosity in every venture, exterior of an current tax fairness partnership. Moreover, ACCIONA Energía was in a position to effectively monetize the Manufacturing Tax Credit from Inexperienced Pastures I & II wind initiatives following their acquisition.
“The period of tax credit score transferability means many new types of promoting credit are actually potential. We look ahead to supporting extra builders as they consider any such tax credit score sale sooner or later,” mentioned Foundation Local weather CEO Erik Underwood.
Information merchandise from Foundation Local weather
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