The University of New Hampshire successfully completed the sale of 35,000 vintage 2010 and 2011 New England renewable energy certificates (RECs) using Evolution Markets' online auction platform, EvoAuctionTM.
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 20,000 vintage 2010 RECs, which are eligible as Class I certificates in Massachusetts, New Hampshire, Connecticut, and Maine, sold for an average price of $13.16. The 15,000 vintage 2011 RECs, which are also eligible as Class I certificates in Massachusetts, New Hampshire, Connecticut, and Maine, sold for an average price of $18.90.
You can read more about the auction in our press release.