Noble Environmental Announces Sale of $34.8 Million in Investment Tax Credits, and Commercial Operations of 3 New RNG Facilities
Key Takeaway
The successful sale of significant Investment Tax Credits by Noble Environmental underscores the critical role of policy incentives in financing and accelerating the commercial operation of new renewable natural gas facilities.
AI Summary
- •Noble Environmental completed the sale of $34.8 million in Investment Tax Credits (ITCs) generated by two of its renewable natural gas (RNG) facilities.
- •This transaction demonstrates a significant and active market for ITCs, offering a crucial financing mechanism for renewable energy project developers.
- •Three new RNG facilities, including the two generating the ITCs, have commenced commercial operations, expanding the supply of renewable fuel.
- •The successful monetization of ITCs highlights the effectiveness of policy incentives in de-risking and accelerating the development of new renewable energy infrastructure.
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Article Content
CANONSBURG, Pennsylvania — Noble Environmental, Inc. (“Noble”) completed the sale of approximately $34.8 million in Investment Tax Credits (“ITCs”) generated by two of its renewable natural gas (“RNG”) facilities, along with the commencement of commercial operations at three new facilities, two of which were included in the transaction. The three ... [continued] The post Noble Environmental Announces Sale of $34.8 Million in Investment Tax Credits, and Commercial Operations of 3 New RNG Facilities appeared first on CleanTechnica .