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When the Bipartisan Budget Act of 2018 was passed into law, it
expanded the §45Q tax credit, an important federal incentive
encouraging private investment in the development and use of carbon
capture technologies and facilities. Tax credits for the capture
and long-term, permanent storage of carbon oxides are intended to
generate a competitive financial return and have a positive
environmental impact. Reducing CO2 emissions mitigates climate
change and helps mitigate the increase in global average
temperature to well below 2°C above preindustrial levels.
Keeping global average temperature below 2°C above
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When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return and have a positive environmental impact. Reducing CO2 emissions mitigates climate change and helps mitigate the increase in global average temperature to well below 2°C above preindustrial levels. Keeping global average temperature below 2°C above preindustrial levels is a fundamental goal of the Paris Climate Agreement, the highest priority environmental, social, and governance (ESG) issue facing investors.
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Solar Leader Summit Ridge Energy Announces Tax Equity Partnership with Foss & Company
Arlington, VA (April 14, 2021) – Summit Ridge Energy (SRE) announced today that it has secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund approximately 73 MWdc portfolio of residential and commercial community solar projects across Illinois, Maryland and Maine.
“As the leader in the acquisition and financing of community solar projects, Summit Ridge is pleased to partner with Foss & Company on this portfolio of projects across three states,” said Brian Dunn, SRE’s Chief Operating Officer. “The expansion of community solar is vital to the decarbonization of our electricity grid and will allow Americans to save millions of dollars