Aemetis receives $11M of its IRA investment tax credit sales

In California, Aemetis, Inc. announced the receipt of $11 million, after transaction costs, from the sale of $13.5 million of Inflation Reduction Act (IRA) investment tax credits generated by a solar electricity generation project at the Keyes ethanol plant and two dairy biogas digesters built as Aemetis Biogas projects. Aemetis has also entered into an agreement to sell the tax credits generated by the additional three dairy digesters that Aemetis commissioned in December 2024.

Aemetis generated IRA Section 48 investment tax credits from its investment in a 1.9 megawatt solar photovoltaic and battery microgrid built at the Keyes ethanol plant and from two dairy biogas digesters constructed and placed in service by Aemetis during 2024.