Marex Group, a global financial services platform working in energy, commodities and financial markets, is expanding its energy and environmental services by launching a digital marketplace for the purchase and sale of renewable energy credits between corporate buyers and project developers.
Marex
This application is part of Neon, Marex’s client-focused technology suite, through which project developers can now list their tax credits, and buyers can research the projects that fit their tax needs. Marex matches both sides of the transaction based on pricing, timing and commercial conditions, and guides buyers and sellers through closing and signing. There are no fees paid until signing a term sheet.
“Marex has been serving thousands of clients with liquidity products and access to markets across a variety of energy, commodity and environmental markets in the U.S. and around the world,” said Laura Stern, head of U.S. tax credits at Marex. “With this new platform, we are now growing our energy and environmental footprint to expand the trading of transferable tax credits and help companies participate in the energy transition while reducing their tax liabilities.”
The Inflation Reduction Act of 2022 made it possible to transfer clean energy tax credits. Corporate buyers can apply tax credits dollar-for-dollar against their federal tax liabilities. By directly buying tax credits from project developers, which often cannot monetize credits themselves, buyers can reduce their U.S. tax liability while supporting clean energy development.
News item from Marex
