Reunion Achieves Major Milestone in Clean Energy Finance
Reunion's Impact on the Clean Energy Sector
Reunion, a prominent name in clean energy finance, has successfully facilitated over $1.6 billion in clean energy tax credit transactions through the third quarter of 2024. This achievement highlights their expertise in navigating the complex landscape of transferable tax credits, drawing from decades of experience in the industry.
Diverse Tax Credit Transactions
With a focus on various types of transferable tax credits, Reunion has engaged in transactions related to §48 ITCs, §45 PTCs, §45X AMPCs, and §30C alternative fuel infrastructure credits. Billy Lee, the president of Reunion, noted that their team has handled a wide array of credits tied to established clean energy technologies such as solar, wind, and battery storage, as well as newer innovations like biogas, fuel cells, and EV charging solutions. He emphasized that the most significant growth has been witnessed in advanced manufacturing and critical minerals, with transactions spanning from $10 million to over $500 million.
Market Projections and Insights
A recent study by Reunion analyzed the size and potential of the transferable tax credit market. Their findings suggest that an impressive $45 billion in clean energy tax credits will be generated throughout 2024. Notably, they forecast that between $21 billion to $24 billion of these credits will be actively transferred, marking a considerable increase from earlier estimates which predicted transfers of only $5 billion to $7 billion in 2023.
The Shift in Buyer Confidence
According to Andy Moon, CEO of Reunion, there has been a drastic change in buyer confidence since the end of 2023. During that time, many buyers were reluctant to step into the market as early adopters. However, with the growing awareness of clean energy tax credits among corporate finance and tax leaders, there is now a strong demand for high-quality investment opportunities. This shift has been encouraging, as businesses from a variety of sectors show eagerness to invest in transferable tax credits.
Streamlining Transaction Processes
The increasing number of participants in the market has led to shorter transaction timelines. Reunion has managed to reduce the average transaction time from over 90 days in Q4 2023 to less than 45 days by Q3 2024. This efficiency not only benefits the organization but also ensures that clients can capitalize on opportunities swiftly.
About Reunion
Reunion plays a pivotal role in facilitating the buying and selling of clean energy tax credits. With a track record of over $1.6 billion in tax credits transacted from projects involving solar, wind, energy storage, advanced manufacturing, and other clean energy initiatives, the company serves a diverse clientele. Their marketplace features numerous high-quality tax credit opportunities, while the team, comprised of seasoned clean energy finance professionals, guides buyers and sellers through every aspect of the transaction process. This includes meticulous commercial negotiations, thorough due diligence, and effective risk mitigation strategies.
Frequently Asked Questions
What is Reunion's role in the clean energy market?
Reunion facilitates the purchase and sale of clean energy tax credits, helping to connect buyers and sellers in the marketplace.
How much in tax credits has Reunion facilitated in 2024?
Reunion has facilitated the transactions of over $1.6 billion in clean energy tax credits through the third quarter of 2024.
What types of tax credits does Reunion work with?
Reunion engages in transactions involving various tax credits, including §48 ITCs, §45 PTCs, §45X AMPCs, and alternative fuel infrastructure credits.
How has buyer confidence changed in the clean energy market?
Buyer confidence has significantly increased since 2023, with many corporate finance leaders now eager to invest in transferable tax credits.
What advancements has Reunion made to improve transaction times?
Reunion has streamlined its transaction processes, reducing average timelines from over 90 days to less than 45 days between buyers and sellers.
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