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HOUSTON, June 18, 2025 /PRNewswire/ -- SEG Solar ("SEG"), a leading U.S.-based PV module manufacturer, announced the successful completion of its first transaction for the sale of Section 45X Advanced Manufacturing Production Tax Credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6, 2025.
The tax credits originate from SEG Solar's 2025 module production at its manufacturing factory in Houston, Texas. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four installments tied to actual production output and sales of solar modules.
Jim Wood, CEO of SEG Solar, said: "We are thrilled to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth."
This deal follows months of strategic efforts by SEG to strengthen its domestic operations and contribute to building a more resilient domestic solar supply chain. It also demonstrates strong market confidence in the reliability of SEG production output and the Section 45X credit transfer mechanism, especially for credits backed by U.S.-manufactured module technology.
The tax credits are directly tied to the volume of solar modules produced in 2025 at SEG's facility in Houston, Texas. With a total investment exceeding $60 million, the manufacturing facility has achieved an annual production capacity of 2 GW through two state-of-the-art fully automated production lines. This enables SEG to strengthen its commitment to providing developers and project owners with reliable, high-quality modules featuring the highest possible level of domestic content.
The transaction was facilitated by Moss Adams LLP (n/k/a Baker Tilly Advisory Group).
About SEG Solar
Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2024, SEG had shipped over 6 GW of solar modules worldwide and have achieved a module production capacity of 6 GW.
HOUSTON, June 18, 2025 /PRNewswire/ -- SEG Solar ("SEG"), a leading U.S.-based PV module manufacturer, announced the successful completion of its first transaction for the sale of Section 45X Advanced Manufacturing Production Tax Credits, with a total value of up to $50 million. The transaction closed, and the first funding occurred, on June 6, 2025.
The tax credits originate from SEG Solar's 2025 module production at its manufacturing factory in Houston, Texas. Under the agreement, a U.S. public company will pay SEG a price of $0.94 per $1.00 of tax credit value across four installments tied to actual production output and sales of solar modules.
Jim Wood, CEO of SEG Solar, said: "We are thrilled to have finalized our first Section 45X tax credit sale, marking a major financial milestone for our company. This transaction provides us with significant cash flow, strengthens our financial position and enables us to further accelerate our investment in U.S. manufacturing. By expanding our production capacity and deepening our domestic partnerships, we are not only advancing clean energy innovation but also contributing meaningfully to job creation and long-term economic growth."
This deal follows months of strategic efforts by SEG to strengthen its domestic operations and contribute to building a more resilient domestic solar supply chain. It also demonstrates strong market confidence in the reliability of SEG production output and the Section 45X credit transfer mechanism, especially for credits backed by U.S.-manufactured module technology.
The tax credits are directly tied to the volume of solar modules produced in 2025 at SEG's facility in Houston, Texas. With a total investment exceeding $60 million, the manufacturing facility has achieved an annual production capacity of 2 GW through two state-of-the-art fully automated production lines. This enables SEG to strengthen its commitment to providing developers and project owners with reliable, high-quality modules featuring the highest possible level of domestic content.
The transaction was facilitated by Moss Adams LLP (n/k/a Baker Tilly Advisory Group).
About SEG Solar
Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, U.S., and is dedicated to delivering reliable and cost-effective solar modules to the utility, commercial, and residential markets. By the end of 2024, SEG had shipped over 6 GW of solar modules worldwide and have achieved a module production capacity of 6 GW.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SEG Solar Announces First Section 45X Tax Credit Sale
SANYA, China, Jan. 16, 2026 /PRNewswire/ -- Orange Lion Sports (formerly Alibaba Sports), a global sports event operator, is redefining how major athletic competitions and tourism converge through the coordinated integration of digital platforms and consumer services. The recent 2025 Hainan (Sanya) Marathon, supported by the company, showcased an "event-as-journey" experience that delivered a professionally operated, high-quality racing platform while supporting measurable economic growth for the host city. The marathon saw hotel occupancy in Sanya soar to 92%, with a notable 35% surge in spending at local businesses along the race route, establishing a promising blueprint for the scalable "racecation" model.
"We are committed to creating lasting value for athletes and sports enthusiasts," said Yang Yong, General Manager of Events and Commercialization at event partner Orange Lion Sports. "We activated resources across the Alibaba ecosystem, including Taobao, Fliggy, Alibaba Health, Ant Chain, and Amap, to extend engagement beyond race day. This approach attracted runners from across Hainan, other parts of China, and overseas, while encouraging additional event-related spending."
The provincial tourism and sports department has introduced funding incentives for 2026 sports events to attract national and international competitions. Orange Lion Sports has demonstrated how large-scale events can generate sustained economic activity and benefit local businesses by digitally integrating dining, lodging, transportation, entertainment, and shopping. In partnership with Taobao, the company launched a "Winter Warm-up Festival" that distributed tailored promotional vouchers and offers ahead of the event, designed to connect race participation with consumer engagement by introducing regional culinary specialties such as fermented vinegar hot pot and traditional Li-Miao cuisine to runners across China.
The economic benefits were sustained beyond the race period. According to Fliggy data, hotel bookings in Sanya began rising steadily from late October 2025, when event promotions launched, and remained strong throughout the marathon period. The momentum extended beyond the race, coinciding with the New Year holiday travel period. Data from the Sanya tourism bureau shows that during the 2026 New Year holiday, the city welcomed 650,800 visitor arrivals, with tourism revenue of 1.299 billion yuan (approx. US$186 million) generated, illustrating the role of the "racecation" model in supporting tourism demand.
In the future, Orange Lion Sports will harness AI technology to enhance sports events and promote fitness for all, in line with their assertion at CES in 2017: AI is the future of sports development.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Harnessing the Power of Sports: Orange Lion Sports Leads the Way in Driving the Emerging Trend of "Racecation"
