Case Studies
The deal
§45 PTC
2024
$200M
Production tax credits (PTC)
Wind and utility-scale solar facilities
Deal structure
A 45 PTC transfer structured with quarterly arrears payments, capped true-up terms, and audit-ready diligence processes.
The deal
§45 X AMPC
2025
$1B
45X Advanced Manufacturing Production Credits (AMPC) Production of eligible manufactured components at a U.S facility.
Deal structure
A 45 PTC transfer structured with delayed payment terms aligned to the buyer’s estimated tax payment dates, a competitive single-buyer bid process, and investment-grade seller provided indemnity baked by a guarantor.
The deal
§48 ITC
2025
$40-50M
48 Investment tax credits Utility-scale battery storage
Deal structure
An investment grade 48 ITC transfer structured around a single high-capacity counterparty.
Program
PWA
2026
21 projects
Utility-scale solar facilities under Prevailing Wage & Apprenticeship (PWA) compliance.
Project structure
A portfolio-wide compliance engagement supporting IRC §48 and §48E projects with ongoing A&R obligations and audit-ready reporting workflows.
