Clean Energy Credit Sellers Look Beyond Wall Street for Buyers

Green energy developers are looking to increase the market for energy tax credits by appealing to corporations in addition to their traditional investment bank customers.

The 2022 tax-and-climate law known as the Inflation Reduction Act allowed green energy developers to effectively sell credits for the first time. The move, plus the establishment of generous new and beefed-up tax credits, set off a wave of renewable energy development.

To cash in on the growing supply of credits, sellers will have to expand the pool of interested buyers beyond the traditional energy tax credit investors of big banks and other investment firms, ...