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Ameresco generates over $70 million in cash proceeds from sale of RNG-related investment tax credits

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By Ameresco Inc.

June 02, 2025

Biogas Business 

Ameresco Inc. on June 2 announced the successful sale of approximately $71 million in investment tax credits (ITCs) generated from three of its landfill-gas-to-renewable natural gas (RNG) projects. The projects were placed in service in 2024.

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PurposeEnergy on May 29 announced the grand opening of its state-of-the-art anaerobic digestion facility in St. Albans, Vermont. Construction began in May 2023, and the facility began exporting electricity to the Vermont grid in December 2024. This

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Moeve has reached a strategic agreement with Grupo Armas Trasmediterránea to supply 2G marine biofuels in the Canary Islands, with approximately 40,000 tons to be delivered through December 2025 under a long-term contract.

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Castle & Cooke Aviation, a premier provider of luxury FBO services, now offers sustainable aviation fuel (SAF) from Avfuel Corp. at Van Nuys Airport (VNY) in Southern California. The SAF produced by Neste.

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The USDA on May 29 announced a $200 million investment to implement the Forest Service’s National Active Forest Management Strategy, which streamlines regulations, leverages emergency authorities, and expedites project approvals

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General Index and ATOBA Energy are partnering to bring a brand-new vision of how SAF benchmarks are built. SAF indexes need to be tailored to the unique cost profiles of diverse production technologies, the companies said.

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The Capital Regional District, working together with FortisBC Energy Inc. and Waga Energy Canada, has started producing renewable natural gas (RNG) at a new facility located at the Hartland Landfill.

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Vanguard Renewables has announced the opening of its newest anaerobic digestion and depackaging facility, located at Dinnerbell Farms, a family-owned dairy farm in Eden, Wisconsin. The facility will convert food and beverage waste into RNG.

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The Singapore Airlines Group has signed agreements with Neste and World Energy to acquire sustainable aviation fuel (SAF) and SAF certificates, respectively. The purchases include 1,000 metric tons of neat SAF from Neste.

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Gevo Inc. has entered into a definitive agreement to sell Agri-Energy LLC, a wholly owned subsidiary of Gevo, to A.E. Innovation LLC for $7 million. The transaction includes Agri’s 18 MMgy ethanol production facility located in Luverne, Minnesota.

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Biomass Magazine has announced the dates for the 19th annual International Biomass Conference & Expo. The event is scheduled to be held March 31-April 2, 2026, in Nashville, Tennessee, at the Gaylord Opryland Resort & Convention Center.

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Dairy Cares and the California dairy sector on May 20 announced that state's dairy farms will achieve an annual reduction of 5 million metric tons of methane this year, supported by 168 operational dairy digester projects.

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Bioenergy Devco, a leader in the design, engineering, construction, financing, and operation of advanced anaerobic digester systems, on May 27 announced that the company has changed its name to BTS Bioenergy.

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Veolia, through its Water Technologies & Solutions business unit, has earned a $34 million contract to supply biogas upgrading technology for the San Francisco Public Utilities Commission’s Southeast Treatment Plant.

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Keolis Commuter Services, the Massachusetts Bay Transportation Authority’s operations and maintenance partner for the Commuter Rail, has launched an alternative fuel pilot utilizing renewable diesel for some locomotives.

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Virgin Australia and Boeing on May 22 released a report by Pollination on the challenges and opportunities of an International Book and Claim system for sustainable aviation fuel (SAF) accounting.

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Chevron U.S.A. Inc. on May 15 filed a notice with the Iowa Workforce Development announcing plans to layoff 70 employees at its Ames, Iowa, location by June 18. The company’s Chevron REG subsidiary is headquartered in Ames.

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The U.K. government on May 16 announced the launch of an independent review of greenhouse gas removals options, including large-scale bioenergy with carbon capture and storage (BECCS), to consider how GGRs can help meet net-zero targets.

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Anaergia Inc., through its subsidiary, Anaergia S.r.l., has entered into a contract with Capwatt Biomethane Unipessoal Lda to design and construct a facility to produce biomethane from agro-industry waste.

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Luxury North Dakota FBO, Overland Aviation—together with leading independent fuel supplier, Avfuel Corp.— on May 19 announced it accepted a 8,000-gallon delivery of sustainable aviation fuel (SAF) on May 12.

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May 21 marks the official launch of the American Alliance for Biomanufacturing (AAB), a new coalition of industry leaders committed to advancing U.S. leadership in biomanufacturing innovation, competitiveness, and resilience.

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Neste and FedEx, the world’s largest express cargo airline, have agreed on the supply of 8,800 metric tons (more than 3 million gallons) of blended Neste MY Sustainable Aviation Fuel to FedEx at Los Angeles International Airport (LAX).

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OPAL Fuels has entered into a joint venture with an affiliate of environmental services leader Republic Services Inc. for a new biogas-to-RNG facility at Republic’s Charlotte Motor Speedway Landfill in Concord, North Carolina.

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Montauk Renewables Inc. on May 8 announced the company produced 1.4 million MMBtu of RNG during Q1 2025, unchanged when compared to the same period of last year. Renewable electricity generation was at 46,000 MWh, down 8,000 MWh.

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NewCarbon has finalized a 25-year agreement with the City of Hastings, Nebraska to convert methane emissions from the Hastings Sanitary Landfill into renewable natural gas (RNG). The project is expected to be operational in mid-2029.

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MoistTech Corp. has announced the company will showcase its IR3000 Series Moisture Sensors at the FEW Expo, Booth #1205, June 9–11, 2025, in Omaha, Nebraska. The IR3000 features advanced Near Infrared (NIR) technology.

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The U.S. EPA on May 14 delivered two RFS rulemakings to the White House OMB, beginning the interagency review process. One rule focuses on RFS RVOs and the other focuses on a partial waiver of the 2024 cellulosic RVO.

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The U.S. EPA on May 15 released data showing nearly 1.79 billion RINs were generated under the RFS in April, down from 2.09 million generated during the same month of last year. Total RIN generation for the first four months of 2025 was 7.12 billion.

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Opal Fuels released first quarter financial results on May 8, reporting the company produced 1.1 million MMBtu of renewable natural gas during the quarter, up 38% when compared to the same period of last year.

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Gevo Inc. CEO Patrick Gruber discussed plans for a proposed 30 MMgy alcohol-to-jet (ATJ) project in North Dakota during the company’s first quarter earnings call, held May 13. The company has not disclosed a timeline for development of the project.

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