Seattle City Light has reached an agreement with Idaho Winds to purchase all the renewable energy credits (RECs) from the company's 22 MW Sawtooth Wind Project from 2015 to 2029 for approximately $1 million per year.
Purchasing the RECs created by Idaho Winds' project will help the utility in its effort to meet the requirements of Initiative 937, which requires large Washington utilities to obtain at least 15% of their electricity from new renewable energy resources by 2020.
The project is being built on a sugar beet farm about 60 miles east of Boise, Idaho. Construction is expected to be completed by December.
SOURCE: Seattle City Light