OPAL Fuels subsidiary sells $9.8M tax credits to Apollo for $8.0M net

OPAL Fuels Inc.

OPAL Paragon LLC entered a Tax Credit Purchase Agreement with Apollo to sell $9.8M of investment tax credits generated by Paragon RNG for $8.0M.
The tax credits arise from the Sapphire RNG landfill project in Sampson County, North Carolina with ~6,000 scfm capacity.
OPAL Fuels guarantees its subsidiary's obligations under the agreement, including potential return of proceeds if credits are disallowed.
If tax credits are recaptured or disallowed, OPAL must refund the purchase price and cover taxes, interest, and penalties.
Transaction closed on March 28, 2025; full agreement and guaranty filed as exhibits.

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