Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.
First Solar has entered into two separate tax credit transfer agreements to sell US$500 million and up to US$200 million of advanced manufacturing production tax credits to finance tech company Fiserv.
The influx of Chinese modules to Europe, EU's revised solar capacity targets and manufacturing expansion plans in the US were some of the major issues happened in Q3 2023.
