The Biden administration’s $370bn package of subsidies for clean energy is generating a surge of activity for consultants, lawyers and brokers, after allowing green tax credits to be sold on the open market for the first time.
Veterans of clean energy finance say the groundbreaking structure of the incentives in the Inflation Reduction Act could turn out to be as significant as their unprecedented size, bringing new sources of capital as well as a host of opportunities for middlemen.
Entrepreneurs are already exploring new products, including trading platforms for tax credits, to capitalise on the legislation.
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