Off-take deal targets West coast REC demand

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Environmental commodities brokerage Karbone has structured two 20-year renewable energy certificate (REC) off-take agreements between PáTu Wind Farm, a nine megawatt project in Oregon, and environmental commodity trader OneEnergy Renewables and Seattle City Light (SCL), the 10th largest public electric utility in the US, based in Seattle, Washington.

Utilities can buy RECs to comply with one of the renewable portfolio standards (RPSs) currently in operation in 29 US states and the District of Co