Schneider Electric & Kimberly-Clark Announce Tax Credit Transfer ("TCT") Agreements to Advance Grid Resiliency
- New TCT agreements contribute to supporting America's clean energy transition through tax credit transferability under the Inflation Reduction Act (IRA).
- Projects are helping to pave the way for additional investments from the voluntary market to support developers fostering renewable energy projects.
- Through strategic guidance from
Schneider Electric ,Kimberly-Clark will fund four new battery energy storage projects, demonstrating its support of critical grid resiliency.
Since 2016,
Most recently,
The work on these collective projects supports the advancement of battery energy storage in the
Details of the new Investment Tax Credit Transfer agreements include:
- A
$82.5M TCT agreement, a 180 MW battery energy storage facility - A
$68M TCT agreement, a 100 MW battery energy storage facility - A
$55M TCT agreement, a 100 MW battery energy storage project - A
$32M TCT agreement, a 100MW battery energy storage facility
"Today's announcement is one of many examples of
"
"Furthermore,
Related resources:
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Tax Credit Transferability & Corporate Buyers :
Schneider Electric on-demand webinar - (1) Footnote reference: https://www.kimberly-clark.com/en-us/esg/downloads
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