Enhancing Near-Term Renewable Energy Project Financing by Incenting Long-Term REC Contracts

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Enhancing Near-Term Renewable Energy Project Financing by Incenting Long-Term REC Contracts

Published By Pace Global

By Christopher B. Berendt
Published April 2009
5 Page(s)

The following Working Paper explores a mechanism for the design of Fe deral Renewable Portfolio Standard (RPS) / Federal Renewable Electricit y Standard (RES) legislation. The first in a series on federal environment al market policy, these Working Papers are intended to offer a project dev elopment / finance perspective to the policy debate with the intent to maxi mize near- term development of, and investment in, renewable energy generation pr ojects. Of joint purpose is to explore ways to moderate the financial impa ct of the RES on complying utilities and their ratepayers, as well as provid e an integrated system that is administrable. Each Working Paper in this series will suggest an RES design option and describe how that element or mechanism works, how it is being practiced now in State RPSs, a just ification for its use in the federal system, and propose changes to leading federal RPS/RES bills.

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Enhancing Near-Term Renewable Energy Project Financing by Incenting Long-Term REC Contracts

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