Johnson: Tax equity market reached $36B in 2025 via hybrid transactions
Alfred Johnson · Frontier Forum: Why clean energy capital boomed in a volatile year [partner content] · Apr 6, 2026 · at 7:19
Crux CEO Alfred Johnson details how hybrid tax equity structures expanded total tax equity volumes alongside transferability.
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“So the tax equity market grew from about twenty billion in 2022 to about thirty six billion this past year, which is a really material growth with most of it coming from hybrid transactions that allow for the subsequent sale of the tax credit.”
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