California-based SolarEdge Technologies announced its first sale of Section 45X Advanced Manufacturing Production Tax Credits, generating approximately $40 million from US-produced inverters sold in the first half of 2024. This sale, facilitated by the Crux platform, supports SolarEdge’s US manufacturing investments, specifically in its Austin, Texas facility, which achieved 500 MW of inverter production in Q3 2024. The company’s second US facility, located in Tampa, Florida, began shipping Power Optimizers and aims to expand its production line to commercial inverters by 2025.
SolarEdge closes $40M transaction on Section 45X tax credits for US production
The Crux platform facilitated SolarEdge’s first sale of §45X tax credits, generated by U.S. inverter production in 2024. (Image Credit?Source: PublicDomainPictures/Pixabay )
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Sterling and Wilson expand their 20.7 GWp portfolio with 305 MW solar project for private IPP. (Image Credit/Source:Fietzfotos/Pixabay)
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