The role of renewable energy certificates in developing new renewable energy projects
By: Edward Holt, Ed Holt & Associates, Inc. [and] Jenny Sumner and Lori Bird, National Renewable Energy Laboratory
Contributors: Sumner, Jennifer; Bird, Lori; National Renewable Energy Laboratory (U.S.); Ed Holt & Associates, Inc
Series: NREL/TP -- 6A20-51904; NREL/TP -- 6 A 20-51904.
Publisher: National Renewable Energy Laboratory
Published: 2011
Place of publication: Golden, Colo
Language: eng
Format: [electronic resource] /
Number of pages: 50
Subjects: Energy policy; Evaluation; Renewable energy sources; Electric power production; Law and legislation
Description: In this paper, the authors focus on the role of renewable energy certificates (RECs) in helping new projects reach economic feasibility. Do they contribute to new project development, or is REC revenue too small or uncertain to make a difference in project development decisions? To answer this question, Section 2 describes the role of RECs in markets. Section 3 addresses the challenges to RECs playing a strong role in project finance. Section 4 provides perspectives gained from interviews conducted with market participants and data collected by the National Renewable Energy Laboratory's (NREL's) Renewable Energy Finance Tracking Initiative (REFTI) and the Environmental Protection Agency's (EPA's) Green Power Partnership. Section 5 identifies and assesses options that could be pursued to strengthen the role of RECs in supporting new project development. Finally, Section 6 offers conclusions.
Notes: Title from title screen (viewed July 25, 2011).

"June 2011."

Includes bibliographical references (p. 39-44).

DE-AC36-08GO28308 SAO9.3103

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