Mainstream Renewable Power expects that its first U.S. wind generation purchase will position it to take advantage of expected carbon regulations since the projects sit amid a cluster coal-fired electricity generation. The Dublin firm announced today it closed last week on the purchase of three wind development projects in Illinois that feed into the PJM grid. “With coming carbon legislation, it represents a good value for renewable energy credits,” says Patrick Maguire, coo, of the U.S. unit. “[PJM] is heavy in terms of coal and would be a market impacted long term by carbon legislation.”
June 15, 2009