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EnerConnex Now Offering Additionality RECs As Alternative To VPPAs
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EnerConnex announced it is partnering with Zettawatts to deliver what EnerConnex called, "a simpler, low-risk alternative to virtual power purchase agreements."
EnerConnex said, "Virtual PPAs are highly complex financial instruments that expose corporations to the volatile wholesale electricity market and require sophisticated hedging to mitigate the risks."
"Zettawatts’ Additionality REC Market eliminates the complexity and risk associated with VPPAs by allowing companies to enter into 5 or 10 year forward contracts to purchase only the RECs at a fixed price from projects under development," EnerConnex said
Tony Barnhart, Managing Director, EnerConnex, said, "We are now able to offer clients Additionality RECs == fixed-price forward contracts for renewable energy certificates from projects still under construction == to bring new renewable energy to the grid."
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February 8, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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