First Solar agrees to sell production tax credits for $296.27M

In a regulatory 8-K filing, the company stated: “On June 20, 2025 – effective date – First Solar (FSLR), Inc. entered into a Tax Credit Transfer Agreement with a leading financial institution. Pursuant to the Agreement, the Company agreed to sell to the Purchaser $311,858,186.10 of advanced manufacturing production tax credits generated by the production of certain module components in the United States and the sale of such components to third parties during the first part of 2025 pursuant to Section 45X of the Internal Revenue Code of 1986, as amended. Pursuant to the Agreement, the purchase price for such Tax Credits was $296,265,276.80, payable in a single installment on the Effective Date.”