Viridi Energy Sells First Section 48 Investment Tax Credits from Magnolia Landfill RNG Project in Alabama
Viridi Energy has sold its first Investment Tax Credits (ITCs) under Section 48 for its landfill gas-to-renewable natural gas project at Magnolia Landfill in Alabama. This sale will help fund the capture and upgrade of landfill methane into pipeline-quality RNG, benefiting local communities and contributing to the U.S. low-carbon fuel supply. The transaction highlights the role of federal energy policy in promoting private investment in clean energy infrastructure.
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Viridi Energy has successfully sold its first Investment Tax Credits (ITCs) under Section 48 related to its landfill gas-to-renewable natural gas (RNG) project at Magnolia Landfill in Baldwin County, Alabama. This sale enables Viridi to monetize tax credits to enhance investment in renewable energy infrastructure.
The proceeds will support capturing landfill methane, upgrading it to pipeline-quality RNG, and providing economic and environmental benefits to local communities, while supplying low-carbon fuel for the U.S. transportation market. The transaction exemplifies federal energy policy by facilitating private capital investment in clean energy infrastructure.
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