Gevo Sells $20M In Investment Tax Credits From NW Iowa RNG Facility, Generating $17M In Net Proceeds To Drive Clean Energy Investment
Portfolio Pulse from Benzinga Newsdesk
Gevo has sold $20 million in investment tax credits from its Northwest Iowa RNG facility, generating $17 million in net proceeds. This move is aimed at driving further clean energy investments.
September 19, 2024 | 12:55 pm
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Gevo has successfully sold $20 million in investment tax credits from its Northwest Iowa RNG facility, resulting in $17 million in net proceeds. This transaction is expected to support Gevo's ongoing clean energy investment initiatives.
The sale of $20 million in tax credits, resulting in $17 million in net proceeds, provides Gevo with additional capital to invest in clean energy projects. This is likely to be viewed positively by investors as it strengthens Gevo's financial position and commitment to clean energy, potentially boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100