Evolution Markets’ of Massachusetts RECs Yields Almost $1.3 M

Westborough, Massachusetts [RenewableEnergyAccess.com] Evolution Markets Inc. completed the forward auction of renewable energy certificates (RECs) for the Massachusetts Technology Collaborative (MTC). MTC, a public economic development agency that manages the state’s Renewable Energy Trust, sold 24,000 Massachusetts “New” Renewable Certificates on auction for an average price of $54.04. This auction, which was the first forward sale by the MTC, netted proceeds of $1,297,000. The certificates will be sourced from the Public Service Co. of New Hampshire Schiller Station Northern Wood Power Project (NWPP), which has been approved by the Massachusetts Division of Energy Resources as an eligible source under the Massachusetts Renewable Portfolio Standard. Schiller NWPP is a 50 MW facility that was recently converted to generate electricity from biomass rather than coal.
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