Production Tax Credits Monetization
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T1 Executes First Sale of Section 45X Tax Credits
Globenewswire· 2025-12-30 11:01
Core Insights - T1 Energy Inc. has successfully completed a $160 million sale of Section 45X production tax credits (PTCs) to a leading investment-grade buyer, marking a significant milestone for the company [1][2][3] Group 1: Financial Transaction - The sale involved $160 million of PTCs that were accrued and verified by a third party through December 2025, with the transaction priced at $0.91 per dollar of PTC generated [1][2] - The transaction is set to be true-up in February 2026, contingent upon the confirmation of T1's December 2025 module production [2] Group 2: Company Strategy and Operations - T1 Energy's CFO highlighted the importance of monetizing these credits as a step towards investing in advanced American manufacturing and expanding domestic production capacity at its facilities in Dallas and Austin [3] - The company is focused on building an integrated U.S. supply chain for solar and batteries, positioning itself as a leading solar manufacturing entity in the U.S. following a transformative transaction in December 2024 [4]