CG/ CRC-IB Advises Clean Energy Fuels on Sale of Investment & Clean Fuel Production Tax Credits
CG/ CRC-IB has advised Clean Energy Fuels Corp. (Nasdaq: CLNE) (“Clean Energy”), a leading provider of renewable natural gas (RNG) to the U.S. transportation sector, on the sale of $30.7 million in tax credits generated by its RNG production facilities.
This transaction includes $26 million in investment tax credits generated by Clean Energy’s South Fork Dairy facility, along with Section 45Z clean fuel production tax credits generated by the company’s portfolio of dairy RNG projects.
The portfolio includes facilities across Texas, South Dakota, Iowa, and Minnesota, which collectively produced 2.7 million gallons of negative carbon-intensity RNG for use as transportation fuel in 2025.
The transaction builds on CG/ CRC-IB’s leading presence in the RNG sector and its continued focus on clean fuels financing.
For more information on this transaction, please contact Michael Yurkerwich, Managing Director, at CG/ CRC-IB.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.
About CG/ CRC-IB
CG/ CRC-IB is a full-service investment bank providing industry-leading financial services across the energy transition. In January 2026, CRC-IB was acquired by Canaccord Genuity Group to deliver M&A, project finance, capital raising, and strategic advisory services to public and private companies and financial sponsors across the renewable energy, commercial, and industrial sectors, leveraging Canaccord Genuity’s globally integrated M&A advisory and ECM-driven capital markets capabilities. Canaccord Genuity Capital Markets is the global capital markets division of Canaccord Genuity Group Inc. (TSX: CF), offering institutional and corporate clients idea-driven investment banking, mergers and acquisitions (M&A), research, sales and trading services with capabilities in North America, the UK & Europe, Asia, and Australia. We are committed to providing value-driven services to our clients throughout the entire lifecycle of their business and operating with high standards of excellence as an independent investment bank – expansive in resources and reach, but targeted in industry expertise, market focus and individual client attention. We are driven by your success. For more information, visit www.crc-ib.com and connect with us on LinkedIn.
