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OPAL Fuels Completes Fifth Sale of IRA Investment Tax Credits

  • OPAL Fuels completed the sale of $23 million in Inflation Reduction Act investment tax credits generated by its Atlantic Renewable Natural Gas Facility in Egg Harbor Township, New Jersey.
  • OPAL Fuels retained an $11.5 million share of the tax credits from the transaction.
  • The facility came online in 2025 with a design capacity of 624,990 mmBtus of RNG per year.
  • This project marks the first collaboration between OPAL Fuels & SJI under a previously announced joint venture to develop & operate RNG facilities.
  • Jonathan Maurer, Co-Chief Executive Officer, stated the sale reflects continued momentum in the renewable natural gas market.
  • The company continues to focus on capturing biogas to produce low carbon intensity RNG & renewable electricity for heavy-duty trucking & industrial sectors.