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.