23 Jun '11, 9pm

Massachusetts Developing Solar Farms on Old Landfills

Massachusetts Developing Solar Farms on Old Landfills

These solar farms also have tremendous value when factoring in Massachusetts’ Solar Renewable Energy Credits (SREC) system. A SREC represents 1 megawatt-hour of electricity generated from an eligible renewable energy source. Just like stocks, SRECs are sold on an open market at varying prices correlated to demand. Utilities need to buy a certain amount of these credits to comply with a state’s renewable energy requrements. Dwayne Breger, the director of the renewable energy division at the Massachusetts Department of Energy Resources says prices for the solar renewable energy certificates can go as high as $550, ten times that of other renewable energy credits. Solar farms can help in producing these SRECs in large for utilities to purchase in order to comply with the states renewable energy requirements. This in turn can provide an additional source of revenue for the loc...

Full article: http://cleantechnica.com/2011/06/23/massachusetts-develop...

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