Reunion, a leading clean energy finance company, has announced that it has facilitated the purchase and sale of over $1.6 billion in clean energy tax credits through the third quarter of 2024. This achievement reflects the company’s deep expertise in clean energy financing, leveraging decades of experience to navigate a diverse range of transferable tax credits. These include §48 ITCs, §45 PTCs, §45X AMPCs, and §30C alternative fuel infrastructure credits, encompassing a wide array of clean energy technologies.
Reunion’s President, Billy Lee, highlights the company’s success in facilitating tax credit transfers for established technologies like solar, wind, and battery storage, as well as emerging technologies like biogas, fuel cells, and EV charging. However, advanced manufacturing and critical minerals have emerged as the primary growth areas for Reunion. The company has executed §45X transactions ranging from $10 million to over $500 million.
Reunion recently published a study estimating the size of the transferable tax credit market. The study quantifies the total credit market based on monetization strategies, including transfer, direct pay, retention, and transfer. Their estimates indicate that over $45 billion in clean energy tax credits will be generated in 2024, with a significant portion expected to be transferred. Reunion estimates that $21 billion to $24 billion will be transferred in 2024, representing a substantial increase from the estimated $5 billion to $7 billion in transfers in 2023.
Andy Moon, CEO of Reunion, attributes this growth to a change in market sentiment. While hesitation and uncertainty characterized the market at the end of 2023, a year later, corporate finance and tax leaders are demonstrating significant demand for high-quality clean energy tax credit opportunities. This influx of new buyers and sellers has created a dynamic and rapidly evolving market.
The efficiency of Reunion’s services has also increased. Typical transaction timelines have shrunk from over 90 days in the fourth quarter of 2023 to less than 45 days in the third quarter of 2024. This accelerated process reflects Reunion’s commitment to providing streamlined and effective solutions for its clients.
Reunion’s mission is to facilitate the purchase and sale of clean energy tax credits. The company has worked with major corporations to acquire over $1.6 billion in tax credits from solar, wind, storage, advanced manufacturing, and other clean energy projects. Their curated marketplace features billions of dollars in high-quality tax credit opportunities. Reunion’s team of clean energy finance veterans assists buyers and sellers throughout the transaction process, focusing on commercial negotiation, due diligence, and risk mitigation. To learn more about Reunion and their services, visit their website, www.reunioninfra.com, and download their comprehensive handbook on clean energy tax credit transfers.
