OPAL Fuels signs 25-year LFG supply agreements for two California RNG/electricity projects

OPAL Fuels Inc.

Subsidiaries of OPAL Fuels entered LFG purchase and lease agreements with Waste Management of California, Inc.
Kirby Canyon agreement: OPAL to build RNG facility; WM gets lease payment and royalties on RNG and environmental credits.
Guadalupe agreement: OPAL to build electricity facility; WM gets lease payment and royalties on electricity and credits.
Both agreements have 25-year terms from commencement of operations, executed August 28, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

OPAL Fuels Inc. entered into Guadalupe Agreements with Guadalupe Rubbish Disposal Co., Inc. valued at Landfill gas purchase and sale agreement and lease agreement; 25-year term from commencement of oper (effective 2023-08-28).

Action: entry
Agreement: supply
Counterparty: Guadalupe Rubbish Disposal Co., Inc.
Value: Landfill gas purchase and sale agreement and lease agreement; 25-year term from commencement of oper
Effective: 2023-08-28

Exact text from the filing

On August 28, 2023, a separate, wholly-owned subsidiary of the Company entered into a Landfill Gas Purchase and Sale Agreement and a Lease Agreement (collectively, the “ Guadalupe Agreements ”) with Guadalupe Rubbish Disposal Co., Inc. (" GRD "), an affiliate of WM.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

OPAL Fuels Inc. entered into Kirby Agreements with Waste Management of California, Inc. valued at Landfill gas purchase and sale agreement and lease agreement; 25-year term from commencement of oper (effective 2023-08-28).

Action: entry
Agreement: supply
Counterparty: Waste Management of California, Inc.
Value: Landfill gas purchase and sale agreement and lease agreement; 25-year term from commencement of oper
Effective: 2023-08-28

Exact text from the filing

On August 28, 2023, a wholly-owned subsidiary of OPAL Fuels Inc. (referred to herein as the “ Company ”) entered into a Landfill Gas Purchase and Sale Agreement and a Lease Agreement (collectively, the “ Kirby Agreements ”) with Waste Management of California, Inc. (" WM ").

View on SEC.gov

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OPAL Fuels Inc. filing history →

Source: SEC EDGAR

accession 0001842279-23-000075

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