RECs sale opens up new funding route

摘要

A deal that will see a California utility buy renewable energy credits (RECs) from two Alberta wind farms has helped the projects qualify for financing. However, new rules placing a cap on similar transactions will limit opportunities for other out-of-state developers. The California Public Utilities Commission (CPUC) has approved three 20-year contracts between San Francisco-based Pacific Gas & Electric (PG&E) and Greengate Power Corporation for the RECs associated with the Calgary-based developer's 150MW Halkirk 1 and 300MW Blackspring Ridge 1 wind projects.