Invenergy Wind has signed a ten-year agreement to sell renewable energy credits (RECs) from its High Sheldon wind farm to the New York State Energy Research and Development Authority (NYSERDA).
Each REC represents 1MWh of clean, renewable electricity, put into the power grid in lieu of nonrenewable energy sources.
As per the agreement, Invenergy subsidiary, Sheldon Energy, will sell 95% of all RECs generated by the High Sheldon Wind Farm to NYSERDA.
The High Sheldon wind farm, which began commercial operation in March of 2009, is a 112.5MW project consisting of 75 GE 1.5sle wind turbines.
The company said that NYSERDA will apply the credits toward meeting New York’s Renewable Portfolio Standard (RPS).
NYSERDA’s RPS program promotes the development of renewable energy resources that will reduce harmful greenhouse gases, increase energy security and help build a clean-energy economy in New York State.