Schneider Electric – Schneider Electric Announces Innovative Tax Credit Transfer Agreement with ENGIE to Accelerate Progress Toward its 100% Renewable Energy Goal in North America

February 20, 2024
Schneider Electric

  • Investment represents a new approach to using the transferability clause in the IRA to accelerate corporate renewable energy procurement.
  • Tax credit transfer opportunity brings company closer to meeting its renewable electricity target in the U.S. and Canada.

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced that it has committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE).

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