Viridi Announces Sale of First Section 48 Investment Tax Credits from Magnolia Landfill RNG Project in Baldwin County, Alabama
Viridi Energy (“Viridi”), a Warburg Pincus portfolio company and a leading renewable natural gas (RNG) platform, today announced the successful sale of its first Investment Tax Credits (ITCs) under Section 48 related to Viridi’s landfill gas-to-RNG project at Magnolia Landfill in Baldwin County, Alabama.
This milestone reflects Viridi’s ability to monetize Section 48 tax credits to accelerate investment in domestic renewable energy infrastructure. Proceeds from the ITC transaction support Viridi’s strategy to capture landfill methane, upgrade it to pipeline-quality RNG, and deliver measurable economic and environmental benefits to local communities—while supplying low-carbon fuel attributes that support the U.S. transportation market.