M&A
confidence high
sentiment positive
materiality 0.65
OPAL Fuels subsidiary agrees to sell RNG pipeline extension to Washington Gas Light for $25M
OPAL Fuels Inc.
- Prince William RNG LLC will sell ~8-mile pipeline extension and interconnect to WGL for $25 million at final completion.
- Pipeline will deliver up to 4,600 MMBtu/day of biogas from Prince William County (VA) landfill to WGL's system.
- Closing subject to Virginia State Corporation Commission approval and customary conditions, outside date 12 months from Oct 20, 2023.
- Seller retains the RNG production facility at the landfill and will use the sold assets to deliver gas.