First National Green-E Wind REC option trades through Spectron

The 2008 National Green-E Wind call option, with expiry on January 30^th, 2009, a strike price of $4.25, and contract volume of 50,000 MWh, was agreed at a premium of $1.00. 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 OTC option trade in the US, the first Delaware Solar REC (Renewable Energy Credit) trade, and the first CO2 OTC option trade settled against the Chicago Climate Futures Exchange (CCFE).

Spectron has also just been awarded House of the Year, US emissions, in the Energy Risk 2008 awards.  

“Since we brokered the first REC option deal in the US last year, we have worked hard to help develop this area of the market; while solar RECs and options have been particularly active for us in recent months we are now seeing increasing interest in wind RECs and options too, and are truly delighted to have been involved in this pioneering trade,” said Mike Ferguson, Senior Vice President of US Environmental Products at Spectron.

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

Notes for Editors:

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’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.

Spectron has also recently 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 a dedicated broker to focus on the Chinese environmental and nuclear markets.      

Spectron was named Broker of the Year 2007 by Energy Business and Broker of the Year 2006 by Point Carbon.