February 25, 2025—Virentis Advisors announced today its clients have recently completed bioenergy ITC transfer transactions totaling over $68 million. The transactions include:
- A dairy manure to RNG facility whose ITC was sold to an investment grade corporate buyer.
- A biomass to power facility whose ITC was sold to an investment grade institutional buyer.
- A biomass to power facility whose ITC was sold to an investment grade institutional buyer.
- A dairy manure to RNG facility whose ITC was sold to a regional bank.
Since 2023, Virentis has completed 21 ITC sale transactions totaling over $203 million.
Virentis anticipates 2025 will be another robust year in the bioenergy industry, noting it has several ongoing client engagements for additional ITCs and 45Z PTCs, and continued strong buyer interest in Q1 2025, for both 2024 and 2025 credits.
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 $7.5 billion of renewable energy projects, nearly $2.4 billion of which have been bioenergy. For more information, please visit www.virentisadvisors.com.