Verified Emission Reductions Offered by NextEra Energy Resources

NextEra Energy Resources has expanded its product offering through the creation of US wind carbon offset credits - verified emission reductions (VERs). NextEra Energy Resources is a subsidiary unit of FPL Group and North America’s leading generator of wind power and it is also the first wind developer, owner and operator to produce and offer this specific type of carbon offset credit.

NextEra Energy’s Capricorn Ridge Wind Energy Center, which is located in West Texas, will be the source for the verified emission reductions. Verified emission reductions will be created under the under the Voluntary Carbon Standard protocol by the Capricorn Ridge Wind Energy Center, a first by any wind project in the United States. Greenhouse gas emissions are reduced by the Capricorn Ridge project by displacing the fossil-fueled power plants that emit carbon dioxide. From the beginning of the year 2010, the project is expected to generate about 212,000 metric tons of offset credits every year.

Mark Maisto, President of the Commodities and Retail Markets for NextEra Energy Resources, remarked that the company is pleased to be the first in offering verified emission reductions. Customers are provided with the opportunity to meet their sustainability goals through the new carbon offset credits sold by the company.

The carbon offset credits are validated and verified by First Environment, which was voted in the year 2009 as the Best Verification Company in North America Mandatory Markets for greenhouse gas emissions. NextEra Energy Resources intends to sell the verified emission reductions from the Capricorn Ridge project into the voluntary carbon credit market.


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