Learn the fundamentals of renewable energy credits (REC) and their relationship to renewable portfolio (RPS) mandates.
Electric markets are served by larger, high cap companies challenged by changing green-power, state-by-state regulations and Renewable Energy Credit (REC) markets. RECs are one of a growing number of environmental commodities that are an essential but often overlooked component of renewable energy development and financial transactions.
Most utilities, project developers, and capital sources understand the principle that a REC is created for each megawatt-hour of renewable electricity generated and delivered to the power grid, representing the legal rights to the environmental benefits associated with this power production. Companies that cannot directly invest in solar panels or wind turbines may purchase RECs and can benefit from the flexibility that RECs provide them. However, it is often difficult to understand and fully value the multiple ways that RECs can be sold, bartered or traded as a commodity to their benefit.
This course provides a unique opportunity to learn the fundamentals of RECs and RPS while also advancing a “game plan” for business strategy and successful compliance. Attendees will learn the nuances of U.S. REC markets, analyzing key financial and contractual considerations for RECs and explore how emerging policies will impact the future of REC markets. You'll learn how properly addressing RECs in a renewable energy project development transaction can make a significant difference in that project’s profitability.
Register today to gain insights including:
- What is a Renewable Portfolio Standards (RPS)
- What is a Renewable Energy Credit (REC)
- State by state and regional review of RPS standards & associated RECs
- Best practices for REC compliance for state RPS goals
- How RPS/REC markets interact with each other and the limitations that effect market liquidity
- How RECs are created, registered, tracked, & sold
- What are solar renewable energy credit (SREC), their similarities and differences to RECs
- Historical REC pricing information, market liquidity, and causes for market fluctuations
- Who are the buyers and sellers of RECs in the market
- The types of transactions, contract options, and processes that create the most value for REC buyers and sellers
- Potential impacts to REC markets from changing regulation and policy
- Investments consideration for projects with RECs