Virtual PPAs proposed for trading in RE certificates - BusinessWorld Online
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1 Articles
Virtual PPAs proposed for trading in RE certificates - BusinessWorld Online
THE Department of Energy (DoE) said it is proposing the introduction of virtual power purchase agreements (VPPAs) in the trading of renewable energy certificates (RECs). “There is a need to issue guidelines allowing RE developers to enter into financial arrangements for the transfer of RECs to business and industries in consideration of guaranteed payments for electricity,” according to a draft circular posted by the DoE. Under the draft guideli…
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