NextEra To Offer Verified Emission Reductions

NextEra Energy Resources LLC has expanded its product offering through the creation of U.S. wind carbon offset credits – verified emission reductions (VERs). NextEra Energy Resources is the first wind developer, owner and operator to create and offer this type of carbon offset credit. NextEra Energy Resources plans to sell the VERs from the Capricorn Ridge project into the voluntary carbon credit market.

The VERs will be sourced from NextEra Energy’s Capricorn Ridge Wind Energy Center located in West Texas. The Capricorn Ridge Wind Energy Center is the first wind project in the U.S. to create VERs under the Voluntary Carbon Standard protocol (VCS), which is based on the Kyoto Protocol’s Clean Development Mechanism. VCS establishes criteria for validating, measuring, and monitoring carbon offset projects.

The Capricorn Ridge project reduces greenhouse gas emissions by displacing fossil-fueled power plants that emit carbon dioxide. It is estimated that the project will generate approximately 212,000 metric tons of offset credits per year beginning in 2010.

“We’re pleased to be the first in the industry to offer verified emission reductions,” said Mark Maisto, president, Commodities and Retail Markets for NextEra Energy Resources. “These new carbon offset credits give our customers a new tool to help them in meeting their sustainability goals.”

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