Latest news with #STXGroup
Business Wire
7 days ago
- Business
- Business Wire
Ameresco Generates over $70 Million in Cash Proceeds from Sale of RNG-Related Investment Tax Credits
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Ameresco, Inc., (NYSE: AMRC), a leading energy solutions provider dedicated to helping customers navigate the energy transition today 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. These projects, which Ameresco developed, constructed, financed, and currently operates, were placed in service in 2024. This transaction marks Ameresco's third ITC sale to a corporate buyer and its first sale of RNG tax credits under the transferability rules, demonstrating the company's ability to capitalize on clean energy incentives and project financing through multiple means and a diversified pool of lenders and investors. 'We are excited to complete our first RNG tax credit sale, which reflects the growing value and market confidence in renewable natural gas as a critical component of the clean energy transition,' said Mike Bakas, President of Renewable Fuels at Ameresco. 'This milestone builds on our recent success monetizing solar and battery storage tax credits, including our landmark transaction with MassMutual, and demonstrates our ability to leverage a variety of financial structures to unlock value from our energy assets.' STX Group served as the exclusive facilitator for Ameresco in this transaction. Ameresco remains committed to advancing sustainable energy solutions and will continue to explore opportunities to monetize its diverse portfolio of energy assets. For more information about Ameresco and its firm, renewable fuel solutions, visit About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE: AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in Framingham, MA, Ameresco has more than 1,500 employees providing local expertise in North America and Europe. For more information, visit About STX Group STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX has been at the forefront of the global transition toward a low-carbon economy. By leveraging deep expertise in pricing pollution and emissions, STX helps cultivate trust in market-based solutions and accelerates capital flows into projects that make the world a greener place. Its trading and corporate climate solutions empower organizations to meet environmental goals with certified proof points and measurable impact. With a strong presence in the U.S.—including offices in New York and Houston—STX combines global reach with local expertise to connect participants across the full environmental commodity value chain. For more information, please visit
Associated Press
21-05-2025
- Business
- Associated Press
STX Group Facilitates a Record Tax Credit Transfer of US$1 Billion
New York, May 21, 2025 (GLOBE NEWSWIRE) -- STX Group, a leading global firm in environmental commodities trading and climate finance, is proud to announce the successful execution of a transferable tax credit transaction surpassing US$1 billion. The deal is believed to be the largest single transfer of investment tax credits (ITCs) completed under the Inflation Reduction Act (IRA) to date, reinforcing STX Group's market leadership in the transferability space. The transaction marks a major milestone in unlocking new investment for U.S. energy infrastructure and affordable clean power. This deal of record volume highlights the maturity and momentum of the transferable credit market and demonstrates STX Group's ability to take a dual role as a trading firm and an advisor for corporates strategizing and executing their energy transition and net zero strategies. The company is able to deliver scale and certainty for both credit buyers and project developers. 'This deal underscores STX Group's position as a premier partner in the rapidly growing climate finance landscape. It solidifies our role as a first mover and a clear leader in the transferable tax credit market,' said Fabian Roobeek, Managing Partner at STX Group in New York. 'It also highlights the confidence that the renewable energy developers and corporate buyers place in our ability to navigate market complexity and close deals at scale.' As buyers seek strategic ways to reduce their tax liability while project developers look to unlock market liquidity, STX Group uses its deep market knowledge and experience to provide tailored solutions and transparent execution in an evolving policy landscape. The IRA's transferability framework, in effect since 2022, enables companies to leverage tax savings while investing in the clean energy transition — creating a new liquidity pathway for developers. STX supports clients on both sides of the market, designing and executing strategies across technologies — combining scale, certainty and protection in a fast-evolving landscape. - ENDS - About STX Group STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX teams have continued to be at the forefront of the global transition towards a low-carbon economy. Leveraging our long-standing expertise in accurately pricing pollution and emissions, it helps cultivate trust in market-based solutions to the decarbonized economy. Through STX Group's trading and corporate climate solutions offerings, capital flows to thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress. With a strong presence in the US, including offices in New York and Houston, STX Group leverages its global reach and deep local expertise to connect participants across the entire environmental commodity value chain. For more information, please visit Attachment Sanna-Maaria Mattila STX Group [email protected]
Yahoo
21-05-2025
- Business
- Yahoo
STX Group Facilitates a Record Tax Credit Transfer of US$1 Billion
New York, May 21, 2025 (GLOBE NEWSWIRE) -- STX Group, a leading global firm in environmental commodities trading and climate finance, is proud to announce the successful execution of a transferable tax credit transaction surpassing US$1 billion. The deal is believed to be the largest single transfer of investment tax credits (ITCs) completed under the Inflation Reduction Act (IRA) to date, reinforcing STX Group's market leadership in the transferability space. The transaction marks a major milestone in unlocking new investment for U.S. energy infrastructure and affordable clean power. This deal of record volume highlights the maturity and momentum of the transferable credit market and demonstrates STX Group's ability to take a dual role as a trading firm and an advisor for corporates strategizing and executing their energy transition and net zero strategies. The company is able to deliver scale and certainty for both credit buyers and project developers. 'This deal underscores STX Group's position as a premier partner in the rapidly growing climate finance landscape. It solidifies our role as a first mover and a clear leader in the transferable tax credit market,' said Fabian Roobeek, Managing Partner at STX Group in New York. 'It also highlights the confidence that the renewable energy developers and corporate buyers place in our ability to navigate market complexity and close deals at scale.' As buyers seek strategic ways to reduce their tax liability while project developers look to unlock market liquidity, STX Group uses its deep market knowledge and experience to provide tailored solutions and transparent execution in an evolving policy landscape. The IRA's transferability framework, in effect since 2022, enables companies to leverage tax savings while investing in the clean energy transition — creating a new liquidity pathway for developers. STX supports clients on both sides of the market, designing and executing strategies across technologies — combining scale, certainty and protection in a fast-evolving landscape. - ENDS - About STX Group STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years, STX teams have continued to be at the forefront of the global transition towards a low-carbon economy. Leveraging our long-standing expertise in accurately pricing pollution and emissions, it helps cultivate trust in market-based solutions to the decarbonized economy. Through STX Group's trading and corporate climate solutions offerings, capital flows to thousands of projects that make the world a greener place, while providing corporations with the certified proof-points of their contributions to environmental progress. With a strong presence in the US, including offices in New York and Houston, STX Group leverages its global reach and deep local expertise to connect participants across the entire environmental commodity value chain. For more information, please visit Attachment STX Group Facilitates a Record Tax Credit Transfer of US$1 Billion CONTACT: Sanna-Maaria Mattila STX Group media@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
