NativeEnergy, an international marketer of carbon offsets and renewable energy credits (RECs), is partnering with VINCO Inc., a multi-service company that constructs and maintains renewable energy projects. This new collaboration increases opportunities for small-scale renewable energy projects, such as family farm wind turbines, to receive the additional funding necessary to ensure widespread development of these projects.
VINCO will identify and connect to NativeEnergy those farms that need additional up-front financing from the REC sales in order to get their new wind turbines built. NativeEnergy will assess each project's need for funding. If REC sales are needed, the company will then purchase the projects' total expected lifetime RECs output, providing the necessary support, enabling farms to harness clean energy in a more self-sustaining, independent way.
‘Adopting high standards of project-specific additionality, NativeEnergy enables its clients to help directly finance the construction of new wind projects that would not happen without additional revenues for their RECs,’ says Tom Boucher, president and CEO of Native Energy.