Utility Dive•4 days ago
What the Western REC registry shake-up means for corporate clean energy
Key Takeaway
The rebuilding of the Western REC registry (WREGIS) creates significant near-term uncertainty and risk for corporate clean energy procurement and compliance, directly impacting developers and large power consumers in the region.
AI Summary
- •The Western Renewable Energy Generation Information System (WREGIS) is undergoing a rebuilding process, as highlighted by Roger Ballentine of Green Strategies.
- •This shake-up introduces near-term uncertainties and risks for corporate clean energy procurement and compliance in the Western US.
- •Developers and large power consumers should anticipate potential impacts on Renewable Energy Certificate (REC) availability, pricing, and the verification of renewable energy claims.
- •The regulatory change in REC tracking mechanisms could affect the structuring of Power Purchase Agreements (PPAs) and project financing for clean energy projects.
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