Ameresco Nets $71 Million from RNG Tax Credit Sale
(P&GJ) — Ameresco Inc. has secured $71 million in proceeds from the sale of investment tax credits (ITCs) generated by three of its landfill-gas-to-renewable natural gas (RNG) projects. The company, which developed, financed, and operates the projects, brought them online in 2024.
The transaction marks Ameresco’s first sale of RNG-related credits under the Inflation Reduction Act's tax credit transferability rules and its third ITC sale overall to a corporate buyer.
“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.
The company previously monetized solar and battery storage tax credits in a deal with MassMutual. According to Ameresco, the latest transaction demonstrates its strategy of leveraging multiple financing models to extract value from its clean energy portfolio.
STX Group served as the exclusive facilitator for the tax credit sale.
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