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Article31 Oct 2023

How Power Companies Employ Bills of Exchange to Support Their Procurement Needs

Working Capital in an Evolving Environment
Migrating to renewable energy sources has been part of the conversation before and since the adoption of the Paris Agreement. With the passage of the Inflation Reduction Act in the United States and growing momentum in other parts of the world, utility providers are on the precipice of drastic change as they embark on developing renewable generating capabilities. Power and Utilities are looking to upgrade the total grid infrastructure from generation equipment to grid infrastructure in partnership with transmission operators as they are increasingly focused on renewable capabilities. The availability of Investment Tax Credits and Production Tax Credits figure to be a major catalyst for the industry as providers plot their path forward.

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