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.
The IRA was signed into law in August 2022 and provides transferable federal income tax credits for investments in renewable energy projects, as well as production tax credits for low carbon intensity renewable fuels. 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.
“The $11 million of net proceeds received by Aemetis achieves the goals of the Inflation Reduction Act by attracting domestic investment and job creation while reducing dependence on imported crude oil by encouraging the conversion of waste into…
