GIP Finalizes Sale of ITCs for RNG Project in Colorado

Clean energy company Green Impact Partners has executed the final Purchase and Sale Agreement (PSA) in relation to the Investment Tax Credits (ITCs) for the GreenGas Colorado renewable natural gas (RNG) project.

As a result of achieving this milestone, the company will receive a contingent payment from Amber Infrastructure, which agreed to buy a 50% stake in the project in Colorado early last year. At the time, GIP said it was to receive $28.5 million upon close and a further $15.5 million “upon the potential future completion of a third-party sale” of credits associated with the project.

Read more here.

Previous
Previous

Natural Gas Industry Forecasting RNG Growing as Investments Climb

Next
Next

Federal RNG Incentives in Spotlight; Plus News From Burnham RNG, Waga Energy and More