Renewable Energy & Environmental Finance

Powering America’s Future

With 20+ years of renewable energy investing experience, REEF is a leader in the tax equity and transfer markets, financing roughly 12% of U.S. utility-scale wind and solar capacity.

Where renewable energy investments meet tax credit transfers

Renewable Energy & Environmental Finance (REEF) partners with premier developers, utilities, and corporates to deliver critical financing to wind, solar, storage, and emerging technologies. Our investments generate transferable tax credits under the IRA and OBBBA, making REEF a deeply experienced driver of the market.

Ready to explore tax credit transfers?

For corporations looking to reduce their cash taxes paid, our transferable tax credit platform offers one of the largest, most trusted inventories in the industry – delivering immediate savings, no buyer side fees, and, for select credits, the confidence of Wells Fargo diligence and indemnity protection.

Wells Fargo Tax Credits

Credits originate from projects where Wells Fargo is a direct investor. Buyers benefit from our rigorous investment diligence and a full Wells Fargo indemnity mitigating most buyer risks.

Tax Credit Facilitation

Wells Fargo leverages one of the industry’s broadest tax credit networks to connect qualified third-party sellers with buyers. We oversee documentation, negotiation, and settlement to provide a seamless transaction. Tax credit insurance may be incorporated when appropriate.

The tax credit transfer market is expected to remain robust through the end of the 2030s.

Learn more (PDF)

Transfer transactions are tailored to the specific needs of buyer and seller.

View Case Study (PDF)

Representative 2025 Transactions

$177 million

of third-party wind PTCs (multi-year)

Buyer: Fortune 500 Company

$105 million

of Wells Fargo solar ITCs

Buyer: Consumer Products Co.

$80 million

of third-party advanced manufacturing PTCs

Buyer: Healthcare Service Provider

$75 million

of Wells Fargo solar ITCs

Buyer: Insurance Company

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Ready to explore tax credit transfers?

Let’s connect. Our team can help buyers access vetted, transferable tax credits with confidence.
Email us: REEFTaxCreditTransfers@wellsfargo.com

From Jan 2005 to October 2025

Commercial Banking products and services are provided by Wells Fargo Bank, N.A. and its subsidiaries and affiliates. Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company, is not liable or responsible for obligations of its affiliates. Deposits held in non-U.S. branches are not FDIC insured. Products and services require credit approval.

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