Author: layla
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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,…
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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,…
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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,…
