NextEra Energy Resources First Renewable Energy Company to Offer Verified Emission Reductions

January 16, 2010 – Vol.14 No.43

NextEra Energy Resources First Renewable Energy Company to Offer Verified Emission Reductions.

NextEra Energy Resources, a subsidiary of FPL Group, Inc. and North America’s leading generator of wind power, announced that it has expanded its product offering through the creation of U.S. wind carbon offset credits – verified emission reductions (VERs). NextEra Energy Resources is the first wind developer, owner and operator to create and offer this type of carbon offset credit.

The VERs will be sourced from NextEra Energy’s Capricorn Ridge Wind Energy Center located in West Texas. The Capricorn Ridge Wind Energy Center is the first wind project in the U.S. to create VERs under the Voluntary Carbon Standard protocol. The Capricorn Ridge project reduces greenhouse gas emissions by displacing fossil-fueled power plants that emit carbon dioxide. It is estimated that the project will generate approximately 212,000 metric tons of offset credits per year beginning in 2010.

“We’re pleased to be the first in the industry to offer verified emission reductions,” said Mark Maisto, president, Commodities and Retail Markets for NextEra Energy Resources. “These new carbon offset credits give our customers a new tool to help them in meeting their sustainability goals.”

First Environment, voted in 2009 as the Best Verification Company in North American Mandatory Markets for greenhouse gas emissions, validates and verifies the carbon offset credits.

NextEra Energy Resources, of Juno Beach, Florida, plans to sell the VERs from the Capricorn Ridge project into the voluntary carbon credit market. (1/11/10)

Links:

NextEra Energy Resources
http://www.NextEraEnergyResources.com

First Environment
http://www.firstenvironment.com

--- PG&E to Buy 500 MW of Solar Thermal Power from NextEra and Abengoa Solar.

--- Maximizing The Impact Of Renewable Energy Credit Purchases.

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No