Heliene has announced the sale of $50M Section 45X Advanced Manufacturing Production Tax Credit, facilitated by Basis Climate.
Heliene is able to claim eligibility for these tax credits under the Inflation Reduction Act.
“Monetising our 45X tax credits through this sale is instrumental in continuing the growth of Heliene’s domestic manufacturing capacity,” says Martin Pochtaruk, CEO of Heliene.
“This transaction provides long-term sustainability, hence enabling us to expand our commitment to offering developers reliable, quality modules that feature the highest possible volume of domestic content. We’re grateful to the team at Basis Climate for facilitating this important deal. Together we’re building a stronger, bankable U.S. solar supply chain.”
Heliene will use funds from this sale to reduce debt and support ongoing efforts to expand its U.S. cell and module manufacturing footprint and grow its domestic workforce.
This tax credit transfer sale follows several months of strategic dealflow by Heliene, including a strategic sourcing agreement with cell manufacturer Suniva, a partnership and multi-year contract with Norsun for the supply of U.S.-made wafers and a joint venture with Premier Energies to jointly build a U.S.-based solar cell manufacturing facility.
The post Basis Climate Facilitates Heliene Investment Tax Credit Transfer Sale appeared first on Solar Industry.
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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