Renewable Developer Invenergy And Investors Agree To Transfer $580M In Wind-Energy Tax Credits To Bank Of America In First Public Deal For New Market
Portfolio Pulse from Happy Mohamed
Renewable energy developer Invenergy and its investors have agreed to transfer $580 million in wind-energy tax credits to Bank of America (BAC) in the first public deal of its kind.
August 16, 2023 | 1:23 pm
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Bank of America has acquired $580 million in wind-energy tax credits from Invenergy and its investors, marking the first public deal of this nature.
This deal could potentially boost Bank of America's financial performance by reducing its tax liability. It also positions the bank as a leader in the renewable energy sector, which could attract environmentally conscious investors and customers.
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