M
ME NEWS
25 Jun 2025, 08:52
First Solar Sells $311.9 Million in 2025 Tax Credits to Financial Institution
TEMPE, Ariz. – June 20, 2025 – First Solar, Inc. (NASDAQ: FSLR) has entered into a Tax Credit Transfer Agreement with a leading financial institution, finalizing the sale of $311.86 million worth of advanced manufacturing production tax credits (AMPTCs) generated in early 2025 under Section 45X of the U.S. Internal Revenue Code.
Key Details:
Transaction Value: $311,858,186.10 in eligible 45X tax credits
Sale Price: $296,265,276.80 paid in a single upfront installment
Buyer: A major unnamed financial institution
Credits Origin: Derived from First Solar’s U.S.-produced module components sold to third parties
Closing Conditions: Standard representations, warranties, and absence of default
Provisions: The agreement includes standard covenants, indemnities, and termination rights
TEMPE, Ariz. – June 20, 2025 – First Solar, Inc. (NASDAQ: FSLR) has entered into a Tax Credit Transfer Agreement with a leading financial institution, finalizing the sale of $311.86 million worth of advanced manufacturing production tax credits (AMPTCs) generated in early 2025 under Section 45X of the U.S. Internal Revenue Code.
Key Details:
Transaction Value: $311,858,186.10 in eligible 45X tax credits
Sale Price: $296,265,276.80 paid in a single upfront installment
Buyer: A major unnamed financial institution
Credits Origin: Derived from First Solar’s U.S.-produced module components sold to third parties
Closing Conditions: Standard representations, warranties, and absence of default
Provisions: The agreement includes standard covenants, indemnities, and termination rights