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Recent estimates show that after two years of rapid growth, carbon capture, utilization, and storage (CCUS) is now slowing down, which could damage long-term sustainability goals. The Inflation Reduction Act (IRA) initially caused CCUS growth to explode, but numerous factors have since impeded the full potential of CCUS efforts. Before 2022, CCUS was far less financially attractive than it is today. Tax credits for carbon capture were previously capped at $50 per ton of carbon dioxide stored. The IRA increased the amount by 70 percent to $85 per ton for sequestration, i.e., the permanent storage of CO2. The amount for utilization, meaning reusing captured carbon instead of storing it, rose from $35 to $60 per ton. This increase has made many projects more economically feasible.

When the clean energy investment tax credit (ITC) and production tax credit (PTC) switch to technology-neutral status in January 2025, it will either be a game-changer or more of the same, depending on your perspective. For traditional wind (PTC) and solar (ITC) developers, there won’t be much change. But for other technologies?

Premier institutional investment fund sponsor Foss & Company has announced the successful closing of an investment exceeding $100 million for a battery energy storage system (BESS) named Anemoi Energy Storage, the company’s third investment in a utility-scale BESS project.

The Anemoi project is a 200 MW/400 MWh battery energy storage system. Image: Anemoi Energy Storage.

The whole of the Fortune 500 is looking into clean energy tax credit transferability deals, according to tax credit investment banking firm Foss & Company. Advanced manufacturing tax credit incentives in the US clean energy space could also grow to be worth billions of dollars a year.

Transferability and the Inflation Reduction Act (IRA) have opened up tax equity financing to the wider corporate world, but significant risks remain with so many new entrants, tax credits specialist Foss & Company told Energy-Storage.news. The firm this week announced a US$100 million tax credit deal for developer-operator Plus Power’s 200MW/400MWh Anemoi battery energy storage system (BESS) in Texas, US. Foss & Company managing director Bryen Alperin discussed the firm’s ‘hybrid’ tax equity deal structure, and his views on the wider clean energy tax equity space.

EDINBURG, Texas, Oct. 22, 2024 /PRNewswire/ -- Foss & Company, a premier institutional investment fund sponsor, announced the successful closing of an investment exceeding $100 million for a battery energy storage system (BESS) named Anemoi Energy Storage. This landmark deal represents a significant milestone for Foss & Company, marking its third investment in a utility scale BESS project. The partnership between Foss & Company and Plus Power, a leading developer, owner, and operator of standalone battery storage, underscores a commitment to innovation and sustainability in the renewable energy space.

Foss & Company has closed a tax equity investment exceeding USD 100m for a battery energy storage system (BESS) named Anemoi Energy Storage, according to a press release. This investment marks Foss & Company’s third investment in a utility scale BESS project. “A fund managed by Foss & Company, in which Foss holds a minority interest, is the tax equity investor in the transferability-flip partnership with Plus Power, in the Anemoi BESS facility,” said Bryen Alperin, partner and managing director at Foss & Company in an interview with NPM.

As the 2024 U.S. presidential election looms, the stakes for the clean energy sector have never been higher, says Bryen Alperin of Foss & Company. Whether our next presidential administration is Democratic or Republican, and how down-ballot candidates fare in the general election this November, will significantly determine the trajectory of renewable energy tax credits. Renewable energy tax credits have been a vital tool for fostering sustainable solutions across the nation, spurring substantial investment in emergent technologies such as wind, solar, and bioenergy, driving down costs, and promoting energy independence. However, the continuation and potential expansion of these incentives under differing political regimes could dramatically alter the landscape. With the Inflation Reduction Act of 2022 (IRA) as a current backbone for such policies, its future is a hot-button issue tied closely to election outcomes. Investors, developers, and policymakers are thus on high alert, parsing through campaign promises and legislative signals to forecast changes. The political rhetoric surrounding the Limit, Save, Grow Act, which passed the House but went no further, and the Build Back Better Act (BBB), some of which made it into the enacted IRA, provide insights into what might lie ahead. The former, associated with the House GOP’s 2023 agenda under Kevin McCarthy, hints at rollbacks, particularly targeting elements less aligned with Republican energy strategies. Conversely, Democratic expansions envisioned in the BBB proposals reflect a robust push for enhanced green initiatives, contingent on the party maintaining or growing its control in the Senate and regaining a majority in the House. This article will explore how the 2024 election cycle could reshape the renewable energy landscape in the United States, emphasizing the need for stakeholders to stay informed and agile amidst political fluctuations. We will critically examine the interplay between policy, investment, and technology in the renewable sector to provide a comprehensive outlook on the future of these incentives.

BOSTON, July 16, 2024 /PRNewswire/ -- Renew Energy Partners ("RENEW") announced today the sale of earned energy tax credits to a private buyer represented by Foss & Company. Utilizing the recently approved transfer provisions of the Inflation Reduction Act, RENEW continues to establish new financial models for clients in the building decarbonization space, with this sale building on the initial $10M+ investment in a decarbonization and resilience project at a 1,600-unit Manhattan housing co-op. The tax credits were generated by a 1.75 MW Combined Heat & Power (CHP) system project funded, designed, procured, built, and owned by RENEW.

Institutional investment fund sponsor Foss & Company and environmental nonprofit Scenic Hudson have closed on a former manufacturing facility at 58 Parker Avenue and 164 Garden Street in Poughkeepsie. This historic tax credit project will see an extensive renovation and reinvention for five interconnected Standard Gage manufacturing buildings, which have been vacant since the company’s departure from the area in 2002. Standard Gage was a precision manufacturing company based in Poughkeepsie that specialized in the manufacture of dials and gages in the 20th century. The majority of the company’s manufacturing operations eventually moved to Switzerland, and the spaces that they vacated in Poughkeepsie are unused today. Scenic Hudson is well known for its expertise in land conservation, environmental advocacy, and restoring river access, and will be taking the lead on the conversion of the historic spaces into a modern community hub. Notably, the renovated buildings will be entirely solar-powered, with plans to install solar panels on building rooftops and parking lot canopies. A low-energy heating and cooling system will also be employed across the development, making the project one of the most energy-efficient HTC investments in Foss & Company’s portfolio.

Architect Eddie Belk, 74 years old and dressed in a well-worn green T-shirt, khaki pants, and a red-and-white North Carolina State University ball cap, looks over what was once an enormous cotton-spinning room at Revolution Mill in Greensboro, North Carolina. It’s an impressive scene: two rows of 14-foot-tall heart-pine columns run down the middle of the expanse, longer than two football fields. Sunlight from the clerestory windows above creates patterns on the polished maple floors. White doors with transom windows on each side of this building and an adjacent one lead to 150 apartments with tall ceilings, recycled-glass countertops, and exposed brick walls. “No matter who I bring in here, they get that smile on their face trying to gather it all in,” he says, noticing my grin. “It’s a wonderful space. I’ll come in here just to spend a minute. Just to enjoy it.”

Blackstone and Foss & Company have completed transferability investment tax credit (ITC) deals for BESS projects in California and Texas, a market which has grown “faster than anyone expected” according to tax credit ecosystem Crux.

US institutional investment fund sponsor Foss & Company has clinched a deal to become the exclusive provider of tax equity for a 174-MW/384-MWh battery energy storage system (BESS) project in Texas owned by a US unit of Japan's Tokyo Gas Co Ltd (TYO:9531). The financing deal supports Tokyo Gas America's Longbow project in Brazoria County, which is entitled to receive USD 118.5 million (EUR 110.1m) in Investment Tax Credits (ITCs). The scheme was developed by Clean Capital Partners (CCP), Foss & Company said on Monday without disclosing the value of its investment.

LIVERPOOL, Texas, Feb. 12, 2024 /PRNewswire/ -- Foss & Company, a leading institutional fund sponsor, is proud to announce its role as the exclusive provider of tax equity for the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX, near Houston. This landmark project represents a significant $118.5 million in Investment Tax Credits (ITCs) and marks Foss & Company's inaugural foray into the Transferability-flip (T-flip) transaction space. Longbow BESS, a standalone BESS project developed by Clean Capital Partners (CCP) with a capacity of 174 MW and 384 MWh, is poised to be a game-changer in the energy storage landscape. As a strategic initiative, Longbow aims to benefit from high volatility and arbitrage potential in the ERCOT-Houston region, with construction commenced in Q1 2024 and a targeted Commercial Operation Date (COD) in the summer of 2024.

Foss & Company Partners with Tokyo Gas America and Clean Capital Partners on Cutting-edge Battery Energy Storage System. Foss & Company, a leading institutional fund sponsor, is proud to announce its role as the exclusive provider of tax equity for the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX, near Houston. This landmark project represents a significant $118.5 million in Investment Tax Credits (ITCs) and marks Foss & Company’s inaugural foray into the Transferability-flip (T-flip) transaction space. Longbow BESS, a standalone BESS project developed by Clean Capital Partners (CCP) with a capacity of 174 MW and 384 MWh, is poised to be a game-changer in the energy storage landscape. As a strategic initiative, Longbow aims to benefit from high volatility and arbitrage potential in the ERCOT-Houston region, with construction commenced in Q1 2024 and a targeted Commercial Operation Date (COD) in the summer of 2024.

Nautilus Solar Energy, representing its affiliate Nautilus US Power Holdco, LLC (NUPH), a prominent community solar company, has announced a significant $72 million tax equity partnership with Foss & Company, a leading institutional investment fund sponsor. The investment is allocated towards a 62 MW portfolio comprising 16 projects located across Maine, Minnesota, New York, and Maryland. Notably, this collaboration marks the second partnership between the two entities.

US-based Nautilus Solar Energy LLC has sealed a USD-72-million (EUR 66.1m) tax equity deal with institutional investment fund sponsor Foss & Company to finance the construction of 62 MW of community solar projects across several states. The partnership will provide Nautilus with fresh funds to bankroll a portfolio of 16 projects photovoltaic (PV) projects, the developer said on Wednesday. The deal was made on behalf of the company’s affiliate affiliate Nautilus US Power Holdco LLC. The projects that will benefit from the funding arrangement are located across the states of Maine, Minnesota, New York, and Maryland. All solar farms are expected to become fully operational during the current year and supply power to the Northeast and Midwest regions.

US community solar company Nautilus Solar Energy has signed a US$72 million tax equity deal with institutional investment management firm Foss & Company for a 62MW solar portfolio. The portfolio consists of 16 projects across the US states of Maine, Minnesota, New York, and Maryland, aiming to provide alternative energy to the Northeast and Midwest regions of the US and are expected to be fully operational in 2024.

Nautilus Solar Energy and Foss & Company have announced a $72 million tax equity partnership, covering a 62 MW portfolio of 16 projects across Maine, Minnesota, New York and Maryland.

Nautilus Solar Energy, LLC (“Nautilus”) on behalf of its affiliate Nautilus US Power Holdco, LLC (”NUPH”), a leading community solar company, and Foss & Company, a leading institutional investment fund sponsor, announced a $72 million tax equity partnership. The investment covers a 62 MW portfolio of 16 projects spread across Maine, Minnesota, New York, and Maryland. This is the second partnership between the two companies.

SUMMIT, NJ, January 24, 2024 — Nautilus Solar Energy®, LLC (“Nautilus”) on behalf of its affiliate Nautilus US Power Holdco, LLC (”NUPH”), a leading community solar company, and Foss & Company, a leading institutional investment fund sponsor, announced a $72 million tax equity partnership. The investment covers a 62 MW portfolio of 16 projects spread across Maine, Minnesota, New York, and Maryland. This is the second partnership between the two companies.

SUMMIT, NJ, January 24, 2024 — Nautilus Solar Energy®, LLC ("Nautilus") on behalf of its affiliate Nautilus US Power Holdco, LLC ("NUPH"), a leading community solar company, and Foss & Company, a leading institutional investment fund sponsor, announced a $72 million tax equity partnership. The investment covers a 62 MW portfolio of 16 projects spread across Maine, Minnesota, New York, and Maryland. This is the second partnership between the two companies.

Texas-based Plus Power announced financing commitments of $1.8 billion to advance five large-scale battery energy storage projects totaling 2.76 GWh. The company reports that the transactions will support construction and operations of the portfolio and include construction financing, term financing, letters of credit, and tax equity investments, in partnership with 11 leading industry lenders and investors. The recent financing includes $707 million for the 250 MW Sierra Estrella Energy Storage facility in Avondale, Arizona, which is expected to be the largest standalone battery facility in Arizona once online. This financing is in addition to initial funding of $903 million.

The Woodlands-based Plus Power LLC has secured $1.8 billion in financing for battery storage projects under development in Texas and Arizona.

Plus Power said Oct. 17 that the financing would support both construction and operation of five projects totaling 1,040 megawatts, or 2,760 megawatt-hours. Eleven industry lenders and investors contributed to the financing.

Thanks in large part to the passage of the Inflation Reduction Act last year, renewable energy deployment is poised for a record year in 2023. Fueling this wave of renewable energy projects is the monetization of tax credits provided by tax equity investors through tax equity investments.

Bryen Alperin, partner and managing director of tax credit specialist Foss & Co. joins the podcast this week to discuss the intersection of community solar and tax credits. Alperin reviews financing options for the asset class prior to the Inflation Reduction Act and discusses how conditions have evolved into today’s environment where transferability and other measures are expected to accelerate development.

Foss & Company launches pioneering battery energy storage investment platform. Foss & Company, a leading institutional investment fund sponsor, is proud to introduce its groundbreaking Standalone Battery Storage Investment Division, poised to reshape the energy landscape. This strategic move not only marks a significant milestone in the company’s journey but also reinforces its commitment to sustainable energy solutions and cutting-edge investments.

Leading institutional investment fund sponsor, Foss & Company on Wednesday (September 13) unveiled its Standalone Battery Storage Investment division aimed at supporting investments in sustainable energy solutions. Acknowledging the significance of battery energy storage system in integrating more renewable energy onto the grid and for stabilizing the grid, the company intends to fuel further investment in environmentally and socially beneficial projects. Foss & Company has invested more than $200 million in a 300MW / 600MWh standalone battery energy storage project which marks the company's largest investment into a single asset to date.

A dedicated energy storage investment division has been launched by Foss & Company, an investment and investment services firm which specialises in tax credit transactions, with US$3 billion targeted by 2028. The company announced the launch of its Standalone Battery Storage Investment Division yesterday (13 September). Although it didn’t specify, the company is based in the US and standalone energy storage in the country is now eligible for the investment tax credit (ITC), which before the Inflation Reduction Act only applied to power plants with generation.

Foss & Company, a leading institutional investment fund sponsor, is proud to introduce its groundbreaking Standalone Battery Storage Investment Division, poised to reshape the energy landscape. This strategic move not only marks a significant milestone in the company's journey but also reinforces its commitment to sustainable energy solutions and cutting-edge investments.

Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 milliontax equity deployment into 27 solar projects across four states. Since their partnership began in 2021, Foss & Company and Aspen Power have successfully closed on tax equity funding to receive federal solar investment tax credits (ITCs) for commercial & industrial scale solar projects in New York, New Jersey, Maine, and Georgia.

Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 million tax equity deployment into 27 solar projects across four states. Since their partnership began in 2021, Foss & Company and Aspen Power have successfully closed on tax equity funding to receive federal solar investment tax credits (ITCs) for commercial & industrial scale solar projects in New York, New Jersey, Maine, and Georgia.

Foss & Company, a leading institutional investment fund sponsor, along with Aspen Power, a distributed generation platform with the mission of accelerating and democratizing decarbonization, announced a $60 milliontax equity deployment into 27 solar projects across four states.

Nonprofit developer Self-Help Ventures Fund put the 145,000 square feet Mill House building—a key part of the 43-acre former Revolution Mill textile campus—back into use as mixed use facility featuring commercial offices for small businesses, retail and restaurant space, and 33 mixed-income apartments. HTC investor Foss & Company committed approximately $6.7 million in state HTC equity, thus expecting to create hundreds of jobs.

While the tax transfer market comes with its downsides and limitation, it is still expected to grow larger than the traditional taxequity market due to the level of expected demand, Andrew Vitelli, Chuck Stanley and Kyle Younker explain in Part II of a series ontransferability.

Key takeaways from the recent webinar on the Treasury’s newly-released guidance on the transferable tax credits. Our expert panel consisted of tax, legal, and energy experts.

As the renewable energy market continues to grow, the popularity of transferable tax credits as a way to fund projects and reduce corporate tax liabilities is on the rise.

The introduction of the transferability of federal renewable energy tax credits has been one of the hottest issues of 2023 in clean energy finance.

During the McDermott Will & Emory webinar in the Navigating the New Energy Landscape series, McDermott Partners Carl Fleming and Heather Cooper were joined by guest Bryen Alperin, partner and managing director of Foss & Company. They had a lively discussion on the current state of the tax equity market and post-IRA sources of funding.

Tax Executive’s senior editor, Michael Levin-Epstein, interviewed Foss & Company VP of Investments, Paddy O’Brien, on how tax credit investments play an important role in strategic planning for tax professionals.

The big winners, and some losers, are starting to emerge as the Biden administration sets rules for its climate-focused tax-break bonanza. With each decision by the Treasury Department, the future of U.S. clean energy takes shape. The Inflation Reduction Act seeks to cut emissions while creating jobs and building industries. To that end, certain credits are tied to the use of domestically produced equipment.

Pivot Energy announced the completion of a financing facility worth $203 million to support a portfolio of solar projects across several states.

Pivot Energy has announced the closing of a ~$203 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB), a division of First Citizens Bank, will lead the debt facilities and Foss & Company will make the initial tax equity investment. The 100-MW_DC portfolio comprises 35 community solar and C&I projects planned to reach commercial operation (COD) between Q2 2023 and Q2 2024.

Once the crown jewel of Jacob Riis Park in the Rockaways, the bathhouse there has seen better days. But a project is underway to restore the building from 1932 to its former glory as the centerpiece of a popular beachfront destination for New Yorkers.

The Inflation Reduction Act of 2022 enabled the sale of energy credits, providing owners of renewable energy projects with a new means of raising capital. Large corporations with significant tax liabilities are the primary buyers of these credits, which are also purchased by banks and 'corporates', who are looking for a simple transaction without having to learn about tax credit project aspects. Tax credit insurance is available to underwrite these transactions, although it is not a one-size-fits-all solution, and buyers must still conduct some diligence and ensure they are transacting with trustworthy sellers.

The Inflation Reduction Act of 2022 (IRA) changed almost a century of federal tax law and allowed energy credits to now be sold.  This change provides a new means of raising capital for owners of renewable energy projects that lack the tax appetite to use the federal tax credits their projects generate.

Tax policy plays a vital role in a company's ESG strategy, and it will become increasingly important as companies try to mitigate their environmental impact through the use of tax credits and incentives.

CBSK Developers, Brooklyn Bazaar and Aulder Capital closed on $47.5 million in financing for the rehabilitation of the historic bathhouse at Jacob Riis Park in Queens. The large-scale preservation project will restore the 1932 building to its former glory after sitting underutilized for nearly half a century and transform the waterfront into an active hub with new restaurants, a bar, pool, event spaces and 28 hotel rooms. The project is being financed through a $32.5-million construction loan from Procida and a $15-million historic tax credit equity investment from Foss & Company.

On Tuesday, March 28, CBSK Developers, Brooklyn Bazaar, and Aulder Capital closed on $47.5 million in financing for the rehabilitation of one of Queens’ most beloved architectural gems – the historic bathhouse at Jacob Riis Park. After sitting underutilized for nearly half a century, the large-scale preservation project will restore the 1932 building to its former glory and transform the waterfront into an active hub with new restaurants, a bar, a pool, event spaces, and 28 hotel rooms. The project is financed through a $32.5 million construction loan from Procida and a $15 million historic tax credit equity investment from Foss & Company.

Summit Ridge Energy (SRE) has secured a $67 million tax equity commitment from investment firm Foss & Company. The partnership will fund more than 50 MWdc of community solar projects in Maine and Illinois.

Foss & Company is providing a $15 million historic tax credit equity investment for the rehabilitation project of the Jacob Riis Park bathhouse in Queens, which will be funded by Procida Funding and Advisors with a $32.5 million construction loan to transform the historic bathhouse into an active hub with new restaurants, a bar, a pool, event spaces, and 28 hotel rooms, while preserving the building's landmarked façade, windows, and turrets.

A top-down renovation of the historic Jacob Riis Park Bathhouse in Rockaway Beach, Queens will soon begin now that developers have secured more than $47.5 million in construction financing.

The historic Jacob Riis Park bathhouse, on the western end of the Rockaway Peninsula in Queens, received funding to make a $50 million reboot possible.

The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.

Summit Ridge Energy (SRE), a commercial solar company, says it has secured a $67 million tax equity commitment from Foss & Company, an institutional investment fund sponsor.

Foss & Company has partnered with Birch Creek for a $130mn tax equity investment in the Beech solar project.

Foss & Company, a leading institutional investment fund sponsor, announced today that it has entered into a tax equity partnership with Birch Creek Energy for an investment of approximately $130 million.

Foss & Company, an institutional investment fund sponsor, says it has closed on a tax equity partnership with Birch Creek Energy for approximately $130 million of investment.

Foss & Company's team was represented at the National Ethanol Conference's panel of experts who discussed how the IRA's energy tax incentives, infrastructure grants, and other provisions will be implemented in the years ahead.

In April 2022, Pivot Energy announced a $190 million financing package to support its projects. The financing round was led by Silicon Valley Bank and Foss & Co., an equity investor.

Investment fund sponsor Foss & Company has closed on the first tranche of tax equity partnership with Nautilus Solar Energy totalling $42 million.

Foss & Company closed the first tranche of a tax equity partnership with Nautilus Solar Energy, LLC on behalf of Nautilus US Power Holdco, LLC, representing an investment of around $42 million for over 44 MWdc of projects across three states.

Foss & Company, a prominent institutional investment fund sponsor, has closed the first tranche of tax equity partnership worth approximately $42 million on behalf of its affiliate, Nautilus US Power Holdco, LLC, with Nautilus Solar Energy, LLC, a community solar company, for over 44 MWdc of projects across three states.

The renewable energy industry is excited about the enactment of the Inflation Reduction Act of 2022 (IRA)–and rightfully so. The IRA, signed into law Aug. 16, has substantial implications for the tax credit community, especially renewable energy.

2022 marks the 30-year milestone since the UNFCCC was adopted. Against a backdrop of rising urgencies, COP27 which will be held in Egypt in November, will bring out businesses that bear the United Nations’ Sustainable Development Goals in their hearts and grab the world’s attention.

Running parallel to the United Nations COP27, the three-day summit, Vision 2045, will take place in Sharm El Sheikh, Egypt from November 7-9, 2022 at the Jaz Mirabel Park Hotel, with the goal of positively impacting the future of our planet through a series of groundbreaking panel discussions in the political, economic and social arenas.

The dual financial motive behind ethanol’s move into CCS helps explain how and why producers intend to monetize their vital new role in the carbon sequestration movement.

The expanding awareness and interest in ESG–environmental, social and governance–investing could lead to a seismic increase in investor demand for community development tax incentives, but we are not there yet.

Foss & Company, a leading institutional investment fund sponsor, announced today that it closed on a tax equity partnership with Korea Electric Power Corporation (KEPCO).

The power plant will be located in Mangilao, Guam, and aims to provide ongoing, positive economic benefits to the island.

Tax Credit Incentives for Carbon Sequestration: Potentially the Most Impactful U.S. Policy to Battle Climate Change

2021 was a record year for environmental, social and governance investments, and the trend shows no sign of slowing down this year. ESG-related concerns are also growing for banks and credit unions.

US solar provider Pivot Energy has closed $190 million of debt and tax equity financing to help build a 90 MW portfolio of distributed generation solar projects in the United States.

US-based Pivot Energy has secured a $190m financing facility to support the development of its multi-state portfolio of distributed generation solar projects. SVB Financial Group subsidiary Silicon Valley Bank will lead the debt facilities while Foss & Company (Foss) has agreed to make the tax equity investment. Pivot Energy’s 90MW portfolio includes 40 solar projects, of which the majority (80%) are community solar projects. The remaining 20% includes commercial and industrial (C&I) power purchase agreements (PPAs).

Pivot Energy has closed a $190 million financing facility to support a multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB) will lead the debt facilities, and Foss & Co. will make the tax equity investment.

Summit Ridge Energy said it secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund a roughly 73 MW portfolio of residential and commercial community solar projects across Illinois, Maryland, and Maine.

Foss & Company helps fund project in the city of Thomasville, North Carolina, as the tax credit purchasers. The mill has been restored and renovated into one- and two-bedroom apartment homes with 27 different layouts, conforming to that of the mill itself.

In partnership with Foss & Company, Summit Ridge Energy announces the completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state.

This article showcases our top picks for the best San Francisco based Management Consulting companies. These startups and companies are taking a variety of approaches to innovating the Management Consulting industry, but are all exceptional companies well worth a follow.

Knowing about the large area and optimal conditions, investors in the field of renewable energy greatly appreciate California…in this article three investors in renewable energy projects based in California will be introduced.

The $217 million redevelopment of City Foundry STL is one of the largest historic redevelopments in the city’s history. The complex will feature a 700-person event space, a theater, grocery store, office space, retail space, restaurants and bars and a new multistory parking garage. In July of 2021, City Foundry STL won the Novogradac HTC Award for Non-Residential Development that Best Exemplifies Major Community Impact.

On this episode of the Impact Real Estate Podcast, we chat with George Barry, a pioneer of the tax credit market and President at Foss & Company. George takes us back to the 1980s and gives us a necessary lesson of how and why the Tax Reform Act came to be. As a veteran of the space, George also looks into the future and tells us the changes and trends he sees in the tax credit world. It’s the kind of episode we absolutely love here at the Impact Real Estate Podcast.

Taking a stroll through Judson Mill, the massive, 35-acre site off Easley Bridge Road that is now under redevelopment, is like touring through Greenville’s past and future at the same time. Foss & Company served as the federal HTC investor, state investor and bridge lender throughout this project.

When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return and have a positive environmental impact.

Bank of America Corp. sparked a stir in January—and a little envy—with just a few lines of disclosure in its fourth-quarter earnings report. The lender revealed it had slashed its 2020 corporate tax rate to 5.8% from what would have been 21%, thanks to finance work involving environmental, social and governance projects. That didn’t go unnoticed by Bank of America’s competitors. Executives at one large regional bank saw it, and talked to Bryen Alperin, director of renewable energy for tax specialist Foss & Company.

US community solar projects specialist Summit Ridge Energy LLC said it has formed a partnership with investment manager Foss & Company Inc to fund residential and commercial solar projects totalling some 73 MW in direct current.