Avangrid, Inc. (NYSE:AGR) and Vitol Inc. have reached a transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms. This is one of the largest publicly announced deals since the passage of the Inflation Reduction Act (IRA), which created a new transferable credit framework to help developers monetize PTCs. The agreement will allow Avangrid to pay down debt and make further capital investments.