Evolution Completes REC Auction for University of New Hampshire
Sale on the EvoAuction(sm) Platform of 25,000 New England RECs Yields $640,500.
The University of New Hampshire successfully completed the sale of 25,000 vintage 2011 and 2012 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 10,000 vintage 2011 RECs, which are eligible as Class I certificates in Massachusetts, New Hampshire, Connecticut, and Maine, sold for an average price of $25.55. The 15,000 vintage 2012 RECs, which are also eligible as Class I certificates in Massachusetts, New Hampshire, Connecticut, and Maine, sold for an average price of $25.67.
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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