From the Renewable Energy Desk
1.25.12
Evolution Completes REC Auction for University of New Hampshire
Sale on the EvoAuction(sm) Platform of 30,000 New England RECs Yields $1.3 million.

The University of New Hampshire successfully completed the sale of 30,000 vintage 2011, 2012, and 2013 New England renewable energy certificates (RECs) using Evolution Markets' online auction platform, EvoAuctionSM.

The RECs on offer are generated at UNH's landfill gas-to-energy project that uses methane gas from the Rochester Landfill as the primary fuel for a 7.9 MW cogeneration plant and a 4.6 MW landfill gas-to-energy power plant. The plant is part of the University's EcoLineTM project, which develops sustainable energy sources for the campus.

The University sold all of the vintage 2011 Massachusetts Class I Renewable Certificates on auction for the average price of $49.67. All vintage 2012 Massachusetts Class I Renewable Certificates on auction were sold at the price of $40.00 per REC. The vintage 2013 Massachusetts Class I Renewable Certificates on auction sold for $36.25 each. All RECs on offer also qualified as Class 1 RECs in Connecticut, New Hampshire, and Maine.

More information on the auction results can be found in our news release, or you can view the full auction results on our web site.

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