Renewable Energy Credits: Biomass Project Qualifies
Massachusets Division of Energy Resources approves Laidlaw Energy for renewable energy credits, REC's. ...
... "RECs trade separately from a power plant's physical electric output, generating aRead Renewable energy credits are established to encourage private investment in green power. ... Massachusetts Green Power Partnership: "Renewable energy developers are dependent on revenue streams from power sales, tax incentives, and sale of attributes (Renewable Energy Certificates - RECs) to cover future payments to equity and debt investors and generate project income. "separate source of revenue, and represent the premium that is paid to renewable generators by retail energy suppliers in order to demonstrate compliance with state-mandated renewable energy targets. In rendering its decision, DOER determined that the Wellons biomass energy system being installed by Laidlaw Energy in connection with the Ellicottville project qualifies as advanced, lower emission, power conversion technology. " ...