Environmental commodities firm Karbone reports that it has structured two long-term off-take agreements for renewable energy certificates (RECs). The agreements are for the next 20 years of full-capacity power generation from the 9 MW PaTu Wind Farm, a subsidiary of community wind farm developer Oregon Trails Wind Farm LLC.
The first off-take agreement is between PaTu Wind and OneEnergy Renewables, a project developer and environmental commodity sales and trading firm. OneEnergy Renewables will purchase the RECs generated by the PaTu project in years 2011 through 2015 and offer them to customers interested in supporting locally generated renewable energy on the voluntary market.
The second agreement is with Seattle City Light, a publicly owned electric utility, which will purchase the project's RECs generated in years 2016 through 2030 to help meet Washington's renewable portfolio standard requirements.
The PaTu project consists of six GE 1.5 MW turbines and started producing power in December 2010. The community wind farm was developed by Ormand and Jeff Hilderbrand on family-owned land.
According to Karbone, this is one of the first community wind projects to enter into a long-term REC off-take agreement.