$25 M RFP for Renewable Energy Projects

[RenewableEnergyAccess.com] RNK Capital LLC, investors in the emissions and renewable energy market and energy efficiency projects, aims to invest an initial US$ 25 million in the domestic renewable energy market and invites interested parties to submit an Expression of Interest (EOI). The request for project proposals is for offers for renewable energy or energy efficiency projects that can generate specific environmental attributes in SO2 Emission Allowances, NOx Emission Allowances, and Compliance market RECs. While other assigned environmental attributes exist, RNK prefers biomass, landfill gas, solar, energy efficiency/demand-side management, hydro, geothermal and wind. The targeted RECs must be eligible for one of the domestic compliance markets, which combine the states with mandatory Renewable Portfolio Standards (RPS) that allow RECs trading. Each RPS defines the eligible renewable energy sources and the geographic area in which the RECs have to be created. The project developer of the project must have a proven track record; financial capability and competence and be an accredited business organization in good legal standing. RNK would consider one of three financing options; substantial documentation must accompany applications that will be reviewed on a first-come-first-serve basis.