Evergrow, the seller of the ITC, has announced a first tax credit transfer deal for solar project that will unlock billions of net new capital for clean energy. The deal covers solar and other clean energy technologies, although energy storage is not eligible for a PTC. The US Treasury will release guidelines on the transferability mechanism in June this year, including information on a government portal on which all clean energy projects wishing to make their accrued tax credits transferrable will need to be registered. However, the new transaction method is still complex and a significant challenge for smaller-scale projects. Evergrow is hosting the 10th Solar and Storage Finance USA conference, 7-8 November 2023 at the New Yorker Hotel, New York.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
