Virentis Advisors is pleased to announce 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.
Virentis is proud to play a part in supporting the energy transition through our role with these projects and we look forward to enabling clients in the bioenergy industry to effectively access the emerging tax credit transfer market for years to come.
Congratulations to each of our clients and everyone involved with these impactful facilities!
About Virentis Advisors
Virentis Advisors is a boutique investment banking firm serving the renewable energy industry with a niche focus on the bioenergy industry. The firm helps clients source institutional equity and debt, and monetize tax credits. Founded in November 2022, Virentis partners have been active in bioenergy since 2008 and collectively have supported over $7 billion of renewable energy projects, $2.4 billion of which have been bioenergy. For more information, please visit www.virentisadvisors.com.