Trina Solar US, a global leader in smart solar products and energy solutions, played a pivotal role at the 2024 Renewable Energy Revenues Summit. Rob Gibbons, Strategic Development Manager at Trina Solar, shared the stage with industry experts to provide insights during the panel discussion titled "How Tax Equity is Being Factored into C&I Deals Post IRA." Rob's expertise illuminated the impact of the Inflation Reduction Act (IRA) on solar and battery energy storage system (BESS) projects, particularly regarding tax equity financing strategies.
The panel discussion provided a comprehensive outlook into the opportunities available for energy buyers post-IRA and the integration of new benefits into agreements, as well as highlighting the implications for tax-exempt organizations. As Trina Solar continues to drive innovation and growth in the renewable energy sector, Rob's insights from the summit offered a valuable perspective on navigating this evolving energy landscape.
“The IRA’s introduction of transferability for investment tax credits creates a significant opportunity to expand the universe of tax equity providers, as well as streamline the process for securing tax equity financing,” said Gibbons. “We have seen several of our distributed generation clients choosing not to tap the tax equity market due to the cost, complexity and timing associated with traditional tax equity financing. Trina’s tax equity approach is designed to provide a straightforward, accretive solution that can be seamlessly incorporated within our clients’ solar project development.”
Trina Solar provides a range of solutions to help improve project returns for clients. Along with other financing solutions, Trina Solar US is an active tax equity investor. The tax credit transfer market allows Trina to scale tax equity investments in line with its US manufacturing footprint to continue to support its clients’ success.
About Trina Solar
Trina Solar was founded in 1997. As a global leading provider of photovoltaic (PV) modules and smart energy solutions, Trina Solar delivers PV products, applications, and services to promote sustainable development for the benefit of all humanity. By the end of 2023, Trina Solar has shipped more than 190GW of modules. The company is currently developing a 5GW manufacturing base in Wilmer, Texas. Trina Solar has obtained extensive technical and brand recognition from renowned independent institutes worldwide, demonstrating the PV market's strong confidence in Trina’s product value, technological innovation, and financial performance. It has scored 100% in the BNEF Bankability Survey 7 years in a row, has won “Overall Highest Achiever” by RETC for 4 consecutive years, was awarded the highest ranking, AAA, 5 times in a row in the PVTech Bankability Ratings report, and has been awarded “Top Performer” by PVEL for 9 consecutive years. Trina Solar’s global business footprint has delivered clean energy to more than 170 countries and regions. With its mission of “Solar energy for all,” Trina Solar is committed to working with others to create a net-zero future. For more information, please visit www.trinasolar.com.