Author: layla

  • What is a Vintage?

    What is a Vintage?

    Renewable electricity procurement involves the acquisition of energy generated from sustainable sources such as wind, solar, and hydroelectric power. One crucial aspect that significantly influences this process is the concept…

  • What is Unit Contingency?

    What is Unit Contingency?

    A facility or carbon project experiences unit contingency when it possesses surplus environmental credits or allowances beyond compliance or usage requirements. This surplus could occur due to reduced emissions resulting…

  • What is a Renewable Portfolio Standard (RPS)? 

    What is a Renewable Portfolio Standard (RPS)? 

    A Renewable Portfolio Standard (RPS) is a regulatory policy requiring electric utilities and other retail electric providers to supply a specified minimum percentage (or absolute amount) of customer demand with…

  • What is a Power Purchase Agreement (PPA)?

    What is a Power Purchase Agreement (PPA)?

    A Power Purchase Agreement (PPA) is a contract between two parties, commonly a power producer (such as a renewable energy developer or generator) and a power purchaser (often a utility…

  • What is a Virtual Power Purchase Agreement (vPPA)?

    What is a Virtual Power Purchase Agreement (vPPA)?

    Virtual Power Purchase Agreements (vPPAs) are financial contracts used to procure renewable energy between a renewable energy developer (such as a wind or solar farm) and a buyer (such as…

  • What are Energy Attribute Certificates (EACs)?

    What are Energy Attribute Certificates (EACs)?

    Energy Attribute Certificates (EACs) are a broader term encompassing various types of certificates that verify the environmental attributes of renewable electricity generation. It is the only digital instrument that verifies…

  • What is Additionality?

    What is Additionality?

    Additionality is the extra benefit or impact gained from a particular action or investment in environmental conservation or sustainability.   In the case of carbon offset projects, additionality is crucial.…

  • What are Renewable Energy Certificates (RECs)?

    What are Renewable Energy Certificates (RECs)?

    Renewable energy certificates (RECs) are a tradable, market-based instrument representing the environmental attributes of electricity generated from renewable sources.   When a renewable energy facility generates electricity from a renewable source,…

  • What is Renewable Electricity?

    What is Renewable Electricity?

    Renewable electricity is electrical energy generated from renewable and sustainable energy sources. These sources naturally replenish and hold a notably lower environmental impact than traditional non-renewable sources such as coal,…

  • The Biggest Myths About RECs Debunked 

    The Biggest Myths About RECs Debunked 

    Recently, renewable energy certificates ( RECs ) have been highlighted for their place in sustainability. With this newfound spotlight on the topic has come a slew of myths and misconceptions,…

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