Virentis Advisors recently closed $55M of Qualified Biogas Property ITC value

In Wisconsin, Virentis Advisors announced several successful RNG tax credit transfer transactions that have recently closed, totaling over $55 million of Qualified Biogas Property ITC value. These include:

·      Food waste to RNG and fertilizer facility whose ITC was sold to an investment grade corporate buyer

·      Dairy manure to RNG facility whose ITC was sold to an investment grade corporate buyer

·      Organic waste to RNG facility whose ITC was sold to an investment grade corporate buyer

Each of these transactions includes contractual provisions to increase purchase price via subsequent funding events for gas upgrading equipment and/or domestic content which could bring the total ITC value to $70 million. Tax credit insurance is in place to cover the full range of outcomes.