Ameresco generates > $70 MM from sale of RNG-related investment tax credits
Ameresco Inc., a leading energy solutions provider dedicated to helping customers navigate the energy transition, has announced the successful sale of approximately $71 MM in investment tax credits (ITCs) generated from three of its landfill-gas-to-renewable natural gas (RNG) projects. These projects, which Ameresco developed, constructed, financed and currently operates, were placed in service in 2024.
This transaction marks Ameresco’s third ITC sale to a corporate buyer and its first sale of RNG tax credits under the transferability rules, demonstrating the company’s ability to capitalize on clean energy incentives and project financing through multiple means and a diversified pool of lenders and investors.
“We are excited to complete our first RNG tax credit sale, which reflects the growing value and market confidence in renewable natural gas as a critical component of the clean energy transition,” said Mike Bakas, President of Renewable Fuels at Ameresco. “This milestone builds on our recent success monetizing solar and battery storage tax credits, including our landmark transaction last month, and demonstrates our ability to leverage a variety of financial structures to unlock value from our energy assets.”
STX Group served as the exclusive facilitator for Ameresco in this transaction.
Ameresco remains committed to advancing sustainable energy solutions and will continue to explore opportunities to monetize its diverse portfolio of energy assets.
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