Green Power Certificates Could Be Worth $900 Million By 2010

Jun 11 - Buildings

A report prepared for the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) states that the current market for renewable energy certificates (RECs) in the United States is currently worth $145 million per year - with a potential of $900 million per year by 2010.

The report indicates that RECs are quickly becoming the currency of renewable energy markets because of their flexibility and the fact that they're not subject to the geographic and physical limitations of commodity electricity.

More information is available at ( www.eere.energy.gov ).

Copyright Stamats Communications, Inc. May 2005