Marex Group, a global financial services platform active in the energy, commodity and financial markets, is expanding its energy and environmental services through a digital marketplace for the purchase and sale of sustainable energy credits between business buyers and project developers.
Marex
This application is part of Neon, Marex’s customer-facing technology suite, which now allows property developers to list their tax credits and buyers to research the projects that meet their tax needs. Marex matches both sides of the transaction based on pricing, timing and commercial terms, and guides buyers and sellers through closing and signing. No fees will be paid until you sign a term sheet.
“Marex has provided thousands of customers with liquidity products and access to markets in 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 expanding 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 allowed for clean energy tax credits to be transferred. Business buyers can apply tax credits dollar for dollar to their federal tax liabilities. By purchasing tax credits directly from developers, who are often unable to monetize these credits themselves, buyers can reduce their U.S. tax liability while supporting clean energy development.
News item from Marex
