Renewable Energy Credits – A renewable energy certificate, or REC (pronounced: rěk, like wreck), is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. RECs are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource.

Source: https://www.epa.gov/green-power-markets/renewable-energy-certificates-recs#:~:text=RECs%20and%20Offsets?-,What%20is%20a%20REC?,from%20a%20renewable%20energy%20resource

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NYISO Progress Towards Meeting 70% by 2030 | Renewable Watch Blog

This quarter’s NYISO Renewables Watch update includes ESAI’s latest updated Tier 1 REC supply and demand outlook and assesses New York’s progress towards meeting it’s 70% by 2030 Renewable Energy requirement.  We compare New York’s RES requirements with ESAI’s Projections (MWh) to assess the projected deficit.

Renewable Energy PPA Trends & Outlook | Renewables Watch Blog

Renewable generation in PJM has been increasing over the past few years and will play a larger role in the market’s resource mix going forward. Coal-fired capacity is retiring at a rapid pace, and the interconnection queue is heavily comprised of renewable capacity. There is approximately 133 GW of utility-scale solar, wind, and offshore wind projects with queue positions in various stages of development.

Renewable Energy Development Challenges | Renewables Watch Blog

Renewable generation in PJM has been increasing over the past few years and will play a larger role in the market’s resource mix going forward. Coal-fired capacity is retiring at a rapid pace, and the interconnection queue is heavily comprised of renewable capacity. There is approximately 133 GW of utility-scale solar, wind, and offshore wind projects with queue positions in various stages of development.