Basis Climate

We are excited to announce the investment from K Street Capital and to partner with their experienced team as we launch new products and scale our business. K Street’s thesis on investing in innovative tech companies in high-growth regulated markets, including Climate and Fintech, is a perfect match for Basis. Special thanks to Paige Soya, Richard Leggett, Nick Duafala, and Dominic Go. Let’s go!

"A great example of the IRA gaining new types of fans is its program of expanded, transferable clean energy tax credits. Not only do these tax credits redirect tax revenue toward clean energy investment, making more projects economically justifiable, they may also develop their own market momentum." Today in a piece for Heatmap News, Ilmi Granoff explores the growing cadre of financial and corporate stakeholders in the Inflation Reduction Act as a critical barrier to its dismantling. "The ($20B+) market for clean energy tax buyers has vastly expanded the base of corporates benefiting from and supporting clean energy projects...one can already see that the politics of the IRA are shaping up differently than, say, a pollution tax that steadily gets harsher over time." Read more here —> https://lnkd.in/eKcGZDdV

Will the Inflation Reduction Act survive the Trump administration? If so, what changes should we anticipate? Join our webinar next Thursday, November 14th at 2p ET where we’ll unpack these questions and more in a panel discussion including Ted Brandt of Marathon Capital, Shariff Barakat and Chris Treanor of Akin Gump and Erik Underwood of Basis Climate. Register here —>?https://lnkd.in/eumxvrQu

Basis is proud to announce a $355k investment tax credit sale on behalf of Navajo Power Home. It’s our smallest transfer to date, and here are three reasons why that’s exciting: 1?? Sub $1M tax credit transfers are challenging to transact. Basis is successfully making it easy and attractive to transact credits of this size. 2?? Developers that can’t monetize tax credits may be forced to abandon an otherwise viable project. As we race to decarbonize our grid, removing market friction will increase clean energy deployment. 3?? Smaller clean energy projects often have bigger community level impacts: In this instance, this transaction supports deploying clean energy for >100 off-grid homes on tribal lands, previously reliant on diesel generators, which now have dependable and carbon pollution free electricity. Read more here ?? https://lnkd.in/gv2RvqMQ #inflationreductionact #cleanenergy #solarpower #sustainability

We are thrilled to announce a 45X tax credit sale of $50M in support of Heliene's domestic solar module manufacturing capacity. This deal is one of the first transfers of Advanced Manufacturing Production Tax Credits (45X) within the solar manufacturing industry, and provides another powerful example of the Inflation Reduction Act catalyzing investment in the U.S. clean energy economy. "This transaction provides long term sustainability, hence enabling us to expand our commitment to offering developers reliable, quality modules that feature the highest possible volume of domestic content," noted Martin Pochtaruk, CEO of Heliene, Inc. "We’re grateful to the team at Basis Climate for facilitating this important deal. Together we’re building a stronger, bankable U.S. solar supply chain." Read more here → https://lnkd.in/gnXw8YRH #inflationreductionact #cleanenergy #solar #taxcredits #madeinAmerica

Basis Climate is pleased to announce the closing & funding of an ITC tax credit?transfer for Fleet Development's 2.95MW community solar farm in Eastern Oregon. It was a pleasure working with Ryan Sheehy on this transaction. More Information: Verde Light Community Solar developed by Fleet Development, LLC https://lnkd.in/eu9gwrBU #communitysolar

Happy IRAnniversary! JUST LOOK AT THIS MAP... So many projects supporting a clean energy economy. You've got to love it!

Happy IRAnniversary! JUST LOOK AT THIS MAP... So many projects supporting a clean energy economy. You've got to love it!

ICYMI - EIGHTEEN REPUBLICAN U.S. congresspeople sent a letter to Speaker Mike Johnson last week, noting the importance of maintaining clean energy tax credits from the IRA, prioritizing business and market certainty and allowing for continued economic growth. At Basis Climate we reiterate that the billions of dollars being invested in the clean energy transition rely on regulatory and market certainty. Shout it from the rooftops: clean energy investment means more jobs, a more resilient American economy, and cleaner air for all. Full Letter is published here: https://lnkd.in/ezW5HexM

ICYMI - EIGHTEEN REPUBLICAN U.S. congresspeople sent a letter to Speaker Mike Johnson last week, noting the importance of maintaining clean energy tax credits from the IRA, prioritizing business and market certainty and allowing for continued economic growth. At Basis Climate we reiterate that the billions of dollars being invested in the clean energy transition rely on regulatory and market certainty. Shout it from the rooftops: clean energy investment means more jobs, a more resilient American economy, and cleaner air for all. Full Letter is published here: https://lnkd.in/ezW5HexM