OPAL Fuels Announces The Sale Of ~$11.1M Of Inflation Reduction Act Investment Tax Credits To A Subsidiary Of Apollo Global Management
Portfolio Pulse from Benzinga Newsdesk
OPAL Fuels Inc. has sold approximately $11.1 million of Inflation Reduction Act investment tax credits to a subsidiary of Apollo Global Management. This transaction is related to the Emerald RNG facility, a joint venture 50% owned by OPAL Fuels.
September 18, 2024 | 12:12 pm
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OPAL Fuels Inc. has completed its first sale of Inflation Reduction Act investment tax credits, amounting to $11.1 million, to a subsidiary of Apollo Global Management. This transaction is linked to the Emerald RNG facility, a joint venture partially owned by OPAL Fuels.
The sale of $11.1 million in tax credits is a positive financial move for OPAL Fuels, enhancing its liquidity and showcasing its ability to capitalize on renewable energy incentives. This could lead to increased investor confidence and a potential short-term rise in stock price.
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