Renewable natural gas developer Vision RNG on April 15 said it closed a $28.8 million sale of investment tax credits associated with its Laurel Ridge landfill gas-to-energy facility in Kentucky.

Developed in partnership with solid waste services company Waste Connections, the facility captures methane emissions from the Laurel Ridge Landfill in Corbin and converts them into pipeline-quality RNG. Vision RNG said the project is expected to produce approximately 450,000 MMBtu of RNG annually, enough to power more than 8,000 homes, and mitigate the equivalent of more than 30,000 metric tons of CO2 emissions per year.

“We’re proud to have closed another successful tax credit transaction in support of our growing portfolio,” said Vision RNG CFO Kevin Johnson. “The proceeds from this sale will allow us to further invest in projects that deliver both strong environmental and economic returns.”

CRC-IB served as financial advisor and Holland & Knight served as legal advisor to Vision RNG, the release states.

Comments