Infratil's US Investee Says Tax Credit Guidance Supports Path to 8.5 GW Fleet by Fiscal Year 2028

MT Newswires Live

Aug 18, 2025

Infratil's (ASX:IFT,NZE:IFT) US investee and renewable energy developer Longroad Energy said new guidance from US regulators on tax credit rules for wind and solar projects will help it reach its goal of building or starting construction on an 8.5 gigawatt fleet by the end of fiscal year 2028, according to a Monday filing with the New Zealand bourse.

The guidance clarifies the criteria for when the projects are considered to have begun construction to qualify for federal tax credits, the filing said.

The company expects to have more than 5GW of projects qualified for tax credits before the September 2 deadline, the filing added.

Shares of the company rose past 1% in recent Monday trade in Australia and nearly 2% in New Zealand.

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