July 2012 - 3Degrees has launched three new renewable energy certificate (REC) products, which offer customers a greater choice in the type and location of the renewable generation that their REC purchase will support. All RECs offered by 3Degrees are certified by Green-e Energy.
The three new products include: Regional Green Power, Catalyst Wind, and Brighter Schools Solar. Regional Green Power RECs are designed to encourage regional green power project development by offering customers the ability to dictate the American geographic region in which the purchased RECs were generated. Catalyst Wind Power RECs allow a customer to purchase only RECs generated by wind projects that have come online on or after January 1, 2011. Brighter Schools Solar RECs allow a customer to purchase RECs from solar photovoltaic projects located at schools across the US.
One newly developed wind farm that has been able to increase its REC revenues through the new 3Degrees REC product offering is the 22-megawatt Sawtooth Wind Farm project located in Elmore County, Idaho. The developer of the project, Idaho Winds LLC, sees the availability of REC revenues as an important element to wind project finance.
An early purchaser of the 3Degrees REC offering is Sprint, which has purchased all three of the specialized products as the company looks to further expand its commitment to matching a portion of its electricity to renewable generation sources.
News Release -
3Degrees Launches New Renewable energy Products