- Basis Climate has successfully facilitated the transfer of Production Tax Credits across three transactions for ACCIONA Energía. - ACCIONA Energía is a subsidiary of ACCIONA, which focuses on infrastructure, water, services, and renewable energies. - The credits originated from ACCIONA Energía’s Fort Bend, Red-Tailed Hawk, Green Pastures I, and Green Pastures II facilities in Texas. - Fort Bend is a 240MWac solar project and Red-Tailed Hawk is a 350MWac solar farm. - Green Pastures I and II are wind farms with a combined capacity of 300MWac and were acquired by ACCIONA in November 2024. - The four projects, along with three additional wind farms in Cameron County and the Cunningham Battery Storage System, reflect ACCIONA's ongoing investment in renewable energy in Texas. - Basis was engaged by ACCIONA Energía to find buyers for the PTCs related to its Class B interest in Fort Bend and Red-Tailed Hawk and to monetize the PTCs from Green Pastures I & II. - Basis Climate’s CEO Erik Underwood remarked on the new possibilities for tax credit transfers and the company's eagerness to assist developers with tax credit sales in the future. - Basis Climate aims to optimize clean energy tax credit transfers, connecting credit generators with buyers, to promote a sustainable future.

Basis Climate facilitates transfer of multiple solar and wind Production Tax Credits (PTCs) for ACCIONA Energía:

NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Basis Climate, a leading facilitator of clean energy tax credit transfers, announces the successful transfer of Production Tax Credits (PTCs) across three transactions on behalf of ACCIONA Energía, a subsidiary of ACCIONA, a global leader in the development and management of infrastructure, water, services, and renewable energies.

The transferred credits were generated by ACCIONA Energía’s Fort Bend, Red-Tailed Hawk, Green Pastures I, and Green Pastures II facilities located in Texas. Fort Bend is a 240MWac solar project, while the larger Red-Tailed Hawk is a 350MWac solar farm. Green Pastures I and Green Pastures II, two wind farms with combined capacity of 300MWac, were acquired by ACCIONA in November 2024. These four projects, alongside three wind farms in Cameron County, and the Cunningham Battery Storage System located in Hunt County, Texas represent the company’s commitment to continued renewable energy investments in the state.

For the Fort Bend and Red-Tailed Hawk projects, ACCIONA Energía engaged Basis to find buyers for the PTCs associated with its Class B interest in each project, outside of an existing tax equity partnership. Additionally, ACCIONA Energía was able to efficiently monetize the Production Tax Credits from Green Pastures I & II wind projects following their acquisition.

Basis Climate’s CEO Erik Underwood noted “the era of tax credit transferability means many new forms of selling credits are now possible. We look forward to supporting more developers as they evaluate this type of tax credit sale in the future.”

About Basis Climate
Basis Climate is a leading facilitator of clean energy tax credit transfers, providing a seamless and efficient platform for businesses and individuals to monetize their tax credits generated from renewable energy projects. The company's mission is to unlock the full potential of clean energy tax credits by connecting credit generators with motivated buyers, ultimately accelerating the transition to a clean and sustainable future.

Press/Media Contact

Erik Underwood
‍erik@buildwithbasis.com