EVENSOL LLC and Project Partners Close $34.5 Million Tax Credit Transfer Deal on North Carolina Renewable Natural Gas Projects
EVENSOL LLC, a renewable energy project developer focusing on biogas and methane mitigation, announces that it closed an investment tax credit (“ITC”) transfer deal earlier this fall on its two North Carolina renewable natural gas (“RNG”) projects, totaling a combined $34.5 million.
The transaction was facilitated by Monarch Private Capital and closed in collaboration with project partners including Energyneering Solutions (ESI) and Pacolet Milliken. Notably, the projects were able to qualify for and include in the transaction the 10-percent ITC adder for domestic content available under IRS Section 48 for qualifying renewable energy projects.