First Delaware Solar REC trades through Spectron

The 2007 Delaware Solar RECs were priced at $225.00. The names of counterparties involved in the trade are to be kept confidential. 

In recent months Spectron has brokered several pioneering deals, including the first REC (renewable energy credit) OTC option trade in the US and the first CO2 OTC option trade settled against the Chicago Climate Futures Exchange (CCFE).In recent weeksSpectron has been particularly active on the Solar RECs market, and last month brokered a five-year New Jersey Solar strip for the period 2008-2012, setting much needed forward price levels for the NJ Solar market. 

Since the beginning of this year Spectron’s US environmental products team has more than doubled in size – the company now covers these markets from three key locations in the US. Spectron has also extended its coverage to include the ethanol/biofuels market.

Spectron has also just set up a global structured emissions desk, concentrating on primary markets and CDM project origination as well as brokering nuclear fuels. It is at the forefront of servicing the growing interest in trading high-quality carbon offsets between Europe and the US and has just taken on a dedicated broker to focus on the Chinese environmental and nuclear markets.     

Spectron’s emissions team in Europe has also expanded significantly over the last few months, following the merger with Imarex, further boosting its market share of the EUA and CER markets.

“This is another landmark deal for the RECs market and another landmark deal for Spectron – we are delighted to have been involved and it further cements our reputation as the one-stop shop for environmental products in the US.” said Mike Ferguson, Senior Vice President of US Environmental Products at Spectron.

For further information, please contact Richard Frape +44 207 074 2008