T1 Energy Completes First Sale of Section 45X Tax Credits (2)

(Adds company’s compliance efforts in the first sentence and fourth bullet.)

Solar equipment manufacturer T1 Energy Inc. said it completed the first sale of Section 45X tax credits to a US financial institution. The Texas-based company also provided an update on its efforts to deliver solar modules that are compliant with a US rule. T1 shares were up 1.5%.

• The sale encompasses $160 million of production tax credits
• “Validating our ability to monetize these credits is an important step for T1 as we continue to invest in advanced American manufacturing,” CFO Evan Calio said in the release
  • T1 Energy is ...