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June 16, 2002 – Vol.7 No.12
RESPONSIBLE EMISSIONS #3.
In the largest single purchase of renewable energy certificates - Green Tags - Xantrex Technology will purchase 4500 megawatt hours of certificates over the next three years from the Bonneville Environmental Foundation (BEF). The company, a developer and manufacturer of power conversion equipment that can be used with solar electric systems, has also stipulated that 225 megawatt hours will be Solar Green Tags.
Schott Applied Power, a solar system manufacturer, has agreed to purchase enough Green Tags for all of its electricity needs from BEF.
With proceeds to spend from the two Green Tags sales, and up to 80 kilowatts of new solar needed, the BEF has created an incentive to encourage the construction of new solar systems. BEF will pay the owners of new photovoltaic systems 10 cents per kilowatt hour for the environmental attributes (the reduction of emissions) of the systems. The incentive reduces the costs of these systems to the builder/operator. Both Xantrex and Schott can’t be guaranteed that the power they use will come from the new solar, only that the new solar will displace conventional power and related emissions.
Green Tags are created when renewable energy is substituted for conventional power. The proceeds of Green Tag sales are used to help build new renewable capacity. Solar Green Tags are used to help build new solar capacity. Visit Xantrex at http://www.xantrex.com/, Schott at http://www.schottappliedpower.com/ and the BEF Green tags at http://www.greentagsusa.org/
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