other material
confidence high
sentiment positive
materiality 0.65
OPAL Fuels sells $11.1M IRA tax credits to Apollo for $9.0M net, first such deal
OPAL Fuels Inc.
- Sale of ~$11.1M in IRA investment tax credits from Emerald RNG facility (50% owned by OPAL).
- Purchase price of $8,985,585 net of fees; proceeds provide liquidity for growth initiatives.
- Transaction is OPAL Fuels' first IRA tax credit transfer under the Inflation Reduction Act.
- Buyer is a subsidiary of Apollo Global Management, Inc. (NYSE: APO).