OPAL Fuels Closes $180M Preferred Stock Facility

The renewable energy company secures major financing to support growth plans.

Published on Mar. 9, 2026

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OPAL Fuels, a leading provider of renewable natural gas (RNG) and other alternative fuels, has announced the closing of a $180 million preferred stock facility. The funding will support the company's continued expansion and development of new RNG production facilities across the United States.

Why it matters

The closing of this significant preferred stock financing demonstrates investor confidence in OPAL Fuels' business model and growth strategy within the rapidly evolving renewable energy sector. As demand for clean energy solutions increases, this capital infusion will allow OPAL to accelerate its plans to bring more RNG online and expand its footprint.

The details

The $180 million preferred stock facility was led by funds managed by Ares Management Corporation. The financing will be used by OPAL Fuels to support the development of new RNG production sites, as well as to make strategic investments in existing facilities to increase output. OPAL Fuels is a leading producer and distributor of RNG, which is derived from capturing and processing biogas from sources like landfills, dairy farms, and wastewater treatment plants.

  • OPAL Fuels announced the closing of the $180 million preferred stock facility on March 9, 2026.

The players

OPAL Fuels

A leading provider of renewable natural gas (RNG) and other alternative fuels.

Ares Management Corporation

An investment management firm that led the $180 million preferred stock facility for OPAL Fuels.

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What’s next

The additional capital from the preferred stock facility will allow OPAL Fuels to accelerate the development of new RNG production facilities and make strategic investments to increase output at existing sites.

The takeaway

This significant financing demonstrates the growing investor appetite for renewable energy solutions like RNG, which are critical to meeting the increasing demand for clean energy sources and reducing greenhouse gas emissions.