NextEra Inks $1 Billion Green Energy Tax Credit Transfer Deal

NextEra Energy Inc. announced it landed a large deal to transfer about $1 billion in tax credits this year—an uptick from the volume of tax credit transfers the company made last year.

“This quarter we entered into an agreement to transfer approximately $1 billion of tax credits throughout 2024, representing the bulk of our expected transfers for the year,” NextEra CFO Kirk Crews said on an earnings call Tuesday.

The company didn’t detail the other party in the transaction or other information about the deal.

NextEra, one of the country’s largest clean energy developers and operator of the largest ...