Basis Climate Facilitates Clean Energy Tax Credits Transfer for ACCIONA Energía
New York, NY, March 18, 2025
Basis Climate, a pioneering company in the field of clean energy tax credit transfers, has recently announced the successful completion of three transactions on behalf of ACCIONA Energía, a subsidiary of ACCIONA, a global leader in infrastructure, water, services, and renewable energies. ACCIONA Energía generated the Production Tax Credits (PTCs) from their Fort Bend, Red-Tailed Hawk, Green Pastures I, and Green Pastures II facilities located in Texas.
What are Production Tax Credits (PTCs)?
PTCs are financial incentives designed to encourage the development and production of electricity from renewable energy sources, such as wind and solar. The U.S. government offers these credits to help reduce the cost of renewable energy and make it more competitive with traditional energy sources. The credits are worth approximately 2.5 cents per kilowatt-hour (kWh) of electricity produced over the first ten years of a project’s operation.
Impact on ACCIONA Energía
With Basis Climate’s expertise, ACCIONA Energía was able to monetize their PTCs, providing them with additional revenue to invest in future projects and expand their renewable energy portfolio. This transaction not only benefits ACCIONA Energía financially but also demonstrates their commitment to a sustainable future.
Impact on Consumers and the World
The successful transfer of PTCs from ACCIONA Energía to other entities will result in more renewable energy projects being financed, leading to an increase in the production and availability of clean energy. This, in turn, will help decrease greenhouse gas emissions, reduce reliance on traditional energy sources, and contribute to a more sustainable energy future for all. For consumers, this means more access to affordable and clean energy, as well as a reduced carbon footprint.
Conclusion
Basis Climate’s role in facilitating the transfer of PTCs for ACCIONA Energía is a significant step forward in the renewable energy industry. This transaction not only benefits ACCIONA Energía but also sets the stage for increased investment in renewable energy projects and a more sustainable energy future for consumers around the world. As the world continues to transition towards cleaner, more sustainable energy sources, the importance of financial incentives, like PTCs, cannot be overstated.
- Basis Climate successfully facilitated the transfer of PTCs for ACCIONA Energía.
- ACCIONA Energía generated the PTCs from their Fort Bend, Red-Tailed Hawk, Green Pastures I, and Green Pastures II facilities in Texas.
- PTCs are financial incentives designed to encourage the development and production of renewable energy.
- The successful transfer of PTCs will result in increased investment in renewable energy projects.
- More renewable energy projects will lead to a more sustainable energy future and decreased greenhouse gas emissions.
