Project finance

Refineries in Paris

Why 45V may knock one green hydrogen project off the map

Developer Ambient Fuels is prepared to shelve a project targeting refineries that doesn’t pencil out under Treasury guidance.

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Maeve Allsup
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Feb 26, 2024
Solar array in Nevada

Schneider’s novel use for tax credit transfers

Via its $80 million deal with Engie, the company is reinvesting its tax savings in renewable energy credits — to offset its own Scope 2 emissions.

Views on the $1.8 trillion clean energy economy

Some optimistic and cautionary takes on the investment trends guiding the energy transition

Dax curve

Frontier Forum: Diving into the booming transferable tax credit market

A wide-ranging conversation with Crux’s Alfred Johnson on the trends that are reshaping tax finance.

Workers on a solar project

What Recurrent’s latest raise tells us about the state of clean energy

Declining interest rates, increasing capex costs, and the rising reign of solar-plus-storage are all converging.

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Maeve Allsup
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Feb 15, 2024
An HSBC building

HSBC to fund Google Cloud climate partners

The partnership will provide startups with access to debt financing, advice from the bank’s climate tech specialists.

China's largest green hydrogen project stores 210,000 cubic meters of hydrogen

How clean industrial developers can overcome five project finance barriers

New cleantech projects across the U.S. will rely on project finance — but getting access to private capital requires checking some boxes.

A hydroelectric project in Brazil

Brookfield looking to raise $25 billion for energy transition funds

The company said it has invested over $100 billion in energy transition and renewables projects so far.

Wind turbines and solar panels

Crux lands $18 million from a16z for tax credit market buildout

The tax credit market is a “fundamental puzzle piece” in renewable energy’s new capital stack.

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Maeve Allsup
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Jan 30, 2024
Solar panels in the snow

Solar manufacturers are gearing up to take advantage of the new tax credit transfer market

First Solar was the first U.S. solar manufacturer to make a credit transfer sale public — but more are on the horizon.

H2's $5B fundraise is a 'test case' for financing green steel

The world's first large-scale green steel project is set to open next year. Is it a sign of more private financing to come?

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Maeve Allsup
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Jan 23, 2024
A construction site where a Northvolt battery factory will soon be built

For climate tech funders, physical projects still reign

2023 was a big year for the digital layer, but it couldn’t compete with the energy transition’s thirst for infrastructure growth, per new data.

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Maeve Allsup
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Jan 19, 2024
A man's face reflected in a stock market screen

The transferable tax credit market is growing ‘more rapidly than anyone thought’

The IRA is widening the market for clean energy financing. But buyers and sellers of tax credits are still figuring it out.

Workers construct a wind turbine

Big banks are (cautiously) betting on the rise of the tax credit sale

Thanks in part to new additions to tax equity deals, tax credit transfers are heating up. But banks are still proceeding carefully.

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Maeve Allsup
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Jan 17, 2024
Man carries solar panel

Clean energy capital is getting pricier

Impending changes to capitalization requirements in Basel III rules could stall development — but deal structure is already adapting.