An Acciona Energía Solar Project.
Basic Climate has announced the transfer of production tax credits (PTCs) about three transactions on behalf of the renewable energy developer Acciona Energía.
The transferred credits were generated by Acciona Energías Fort Bend, Red-Tailed Hawk, Green Pastures I and Green Pastures II facilities in Texas. Fort Bend is a 240 MWAC Solar project, while the larger red -tailed hawk is a 350 MWAC Sun farm. Green meadows I and Green Pastures II, two wind farms with a combined capacity of 300 MWACwere taken over by Acciona in November 2024. These four projects, in addition to three wind farms in Cameron County, and the Cunningham battery storage system in Hunt County, Texas represent the dedication of the company on continuous investments in renewable energy in the state.
For the Fort Bend and Red-Tailed Hawk projects, Acciona Energía has committed basis to find buyers for the PTCs related to its class B interest in every project, outside an existing partnership for tax permit. In addition, Acciona Energía was able to efficiently earn the production tax credits of Green Pastures I & II wind projects after their takeover.
“The era of transferability of tax credit means that many new forms of sales credits are now possible. We look forward to supporting more developers in evaluating this type of tax sale in the future,” said Base Climate CEO Erik Underwood.
Basic Climate news item