Deriva Energy Announces Its First Energy Project to Close with IRA Bonus Credits

Deriva Energy recently commissioned a Pennsylvania wind energy project utilizing the Domestic Content Bonus Credit and the Energy Community Tax Credit Bonus under the Inflation Reduction Act (IRA). This groundbreaking transaction underscores Deriva's position at the forefront of the renewables industry in advancing new transaction structures designed to both accelerate the energy transition and support American manufacturing and job creation.  

"Our team is pleased to advance this project pioneering the Domestic Content and Energy Community Tax Credit adders," said Chris Maslanka, Senior Director of Finance at Deriva Energy.  "These incentives play a pivotal role in our long-term investment strategy of driving economic growth, fortifying American manufacturing, and supporting  our communities."

North Allegheny Wind, Deriva's first re-powered wind facility in Pennsylvania, represents a major step forward in our mission to deliver efficient energy solutions that empower communities. By leveraging the bonus adders, Deriva is not only enhancing the project's economic viability but also ensuring that key components are sourced from U.S. manufacturers. 

Deriva Energy | www.derivaenergy.com