Vision RNG Closes $28.8 Million Sale of Investment Tax Credit Associated With Laurel Ridge RNG Project
The Laurel Ridge facility was developed in partnership with Waste Connections.
CANONSBURG, Pa.–(BUSINESS WIRE)–Vision RNG (VRNG), a leading developer of renewable natural gas (RNG) projects, announced today the successful sale of the investment tax credit (ITC) generated from its Laurel Ridge landfill gas-to-energy project located in Corbin, Kentucky. The transaction represents another step in Vision RNG’s strategy to monetize available tax incentives to support the expansion of sustainable energy infrastructure.
The Laurel Ridge RNG facility, developed in partnership with Waste Connections, captures methane emissions from the Laurel Ridge Landfill and converts them into pipeline-quality RNG, significantly reducing greenhouse gas emissions while providing a reliable source of renewable energy.
“We’re proud to have closed another successful tax credit transaction in support of our growing portfolio,” said Kevin Johnson, CFO of Vision RNG. “The proceeds from this sale will allow us to further invest in projects that deliver both strong environmental and economic returns.”
CRC-IB served as Financial Advisor and Holland & Knight, LLP served as legal advisor to Vision RNG.
This transaction follows the company’s earlier ITC sale tied to its Eagle Ridge project and reflects strong institutional interest in RNG-based tax credits enabled by the Inflation Reduction Act (IRA). Vision RNG continues to leverage these tools to finance and scale its national RNG development pipeline.
The Laurel Ridge project is expected to produce approximately 450,000 MMBtu of RNG annually—enough to power over 8,000 homes—while mitigating the equivalent of more than 30,000 metric tons of CO₂ emissions per year.
About Vision RNG – Founded in 2021, Vision RNG, supported by Vision Ridge Partners, is a leading developer, owner, and operator of LFG to RNG facilities. VRNG has assembled a team of industry leaders and skilled professionals committed to harnessing and maximizing the benefits of landfill gas for our partners and the broader energy community. For more information, please visit visionrng.com.
Contacts
VisionRNG
Media Inquiries
Cara Dickens, Rocket Pop
cara@rocketpopmedia.com
(804) 677-6556
Business Inquiries
Kevin Johnson, CFO, Vision RNG
kjohnson@visionrng.com
(724) 760-7415
