First Solar has achieved a significant breakthrough in the solar industry by finalizing Tax Credit Transfer Agreements (TCTAs) with Fiserv, marking the first major credit transfer in solar manufacturing. The agreements involve the sale of $500 million and up to $200 million of 2023 Inflation Reduction Act tax credits. Executed eight days after the proposed rulemaking for Section 45X credits, Fiserv will pay $0.96 per $1 of tax credits in H1 2024. Aligned with the IRA's goal of incentivizing domestic manufacturing, the move is expected to have a financial impact of up to $28 million for 2023, potentially reducing diluted earnings by $0.26 per share. First Solar's strategic plans include substantial investments, expansion, and achieving 14 gigawatts of fully integrated US solar manufacturing capacity by 2026.

In the first mandate of its kind, the Japanese capital’s local assembly now requires all new houses built in Tokyo by large-scale homebuilders after 2025 must install solar panels.