Israeli company Energix Renewable Energies, which specializes in the construction of solar and wind power plants, announced the signing of a tax partnership agreement with Google.
The Green Energy Tax Partnership aims to encourage investment in renewable energy generation by providing tax incentives to large corporations that invest in producers.
In this case, Google will invest in Energix projects and receive a significant portion of the tax benefits associated with these investments, which will allow both companies to optimize their financial and tax positions.
For Energix, the deal is valued at $1.3 billion to $1.5 billion over the period up to 2030. Google will become the company’s tax partner in energy projects in the United States with a total capacity of 1.5 gigawatts.