IRA credits benefit Alternus Clean Energy strategy
Alternus Clean Energy completed its first tax equity transaction by transferring $1.74 million in ITCs under the IRA. Discover more about the investment here.
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IRS’s transferability provision boosts solar projects
Arevon Energy has secured financing for its 157 MW and 150 MW/600 MWh Vikings solar-plus-storage project in California, developed for San Diego Community Power. J.P. Morgan provided $191 million in tax credits, while MUFG, BNP Paribas, Sumitomo Mitsui Banking Corp., and First Citizens Bank offered $338 million in debt financing via the Inflation Reduction Act’s…