First Solar has entered into two separate tax credit transfer agreements to sell $500M and up to $200M of 2023 Inflation Reduction Act Advanced Manufacturing Production tax credits to Fiserv, subject to satisfaction of certain conditions.
Under the terms of the agreements, Fiserv will pay $0.96 per $1 of tax credits to First Solar during the first half of next year, inclusive of fees and commissions paid by First Solar to the placement agent.
“This is the IRA delivering on its intent, which is to incentivize high value domestic manufacturing by providing manufacturers with the liquidity they need to reinvest in growth and innovation,” says Mark Widmar, First Solar CEO. “This agreement establishes an important precedent for the solar industry, confirming the marketability and value of Advanced Manufacturing Production tax credits.”
The tax credits result from the sale of PV solar modules produced this year by First Solar’s operational manufacturing footprint in the U.S. As a result of its vertical integration, First Solar is eligible for Advanced Manufacturing Production tax credits allowed for the production of PV wafers, cells, and modules under Section 45X of the IRA.
Citigroup Global Markets is the placement agent for First Solar on the transaction.
The post First Solar Enters Tax Credit Transfer Agreements With Fiserv appeared first on Solar Industry.
First Solar Enters Tax Credit Transfer Agreements With Fiserv
Doroni Aerospace says:
intelligently navigates every trip as the H1-X reaches speeds up to 120 mph with a 100-mile range.I like this! Untrained pilots flying through the airspaces of the 40K+ airports on Earth! What could go wrong? Where do I sign up?
The point made here is hotly contested.
Fox News will tell you that college professors were indoctrinated into progressivism when they were in college, and they’re simply passing all this down the line. This is why, they’ll go on to explain, that college is an evil force in our society, as it cranks out liberals.
FWIW, I agree with the commenter at the bottom. One finds a few intelligent and well-educated people in the MAGA crowd, very few. And the most obvious reason for this is that bright people can see through the layers upon layers of lies and criminality that emanate from Trump every hour of the day.
Occam’s Razor explains this very nicely to me.
Two things:
1) As far as I’m aware, these “Solar Flowers” exist nowhere on Earth. They’re certainly not in Los Angeles.
2) Engineers (and anyone with IQ of a turnip) are not split as their value; they have none.
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