Aemetis Biogas closes $53M sale of IRA investment tax credits; expects $800M more

AEMETIS, INC

Sold $53M of Section 48 investment tax credits to an unrelated corporate purchaser on Sept 29, 2023.
Tax credits generated from six dairy digesters, biogas pipeline, and RNG production facility built by Aemetis Biogas.
Aemetis expects over $800M of additional IRA investment and production tax credits over next four years from renewable fuel projects.
First IRA tax credit transaction; cash payment to be received within five business days of the agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

AEMETIS, INC entered into Agreement with a company with no relation to Aemetis or ABL valued at a single fixed payment (effective 2023-09-29).

Action: entry
Agreement: asset purchase
Counterparty: a company with no relation to Aemetis or ABL
Value: a single fixed payment
Effective: 2023-09-29

Exact text from the filing

Aemetis, Inc. (“Aemetis”) and its subsidiary Aemetis Biogas LLC (“ABL”) entered into a Federal Renewable Energy Investment Tax Credit Purchase and Sale Agreement, effective as of September 29, 2023 (the “Agreement”).

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AEMETIS, INC filing history →

Source: SEC EDGAR

accession 0001654954-23-012671

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