The VERs will be sourced from NextEra Energy’s Capricorn Ridge Wind Energy Center located in West Texas. The Capricorn Ridge Wind Energy Center is the first wind project in the U.S. to create VERs under the Voluntary Carbon Standard protocol. The Capricorn Ridge project reduces greenhouse gas emissions by displacing fossil-fueled power plants that emit carbon dioxide. It is estimated that the project will generate approximately 212,000 metric tons of offset credits per year beginning in 2010.
"We’re pleased to be the first in the industry to offer verified emission reductions," said Mark Maisto, president, Commodities and Retail Markets for NextEra Energy Resources. "These new carbon offset credits give our customers a new tool to help them in meeting their sustainability goals."
First Environment, voted in 2009 as the Best Verification Company in North American Mandatory Markets for greenhouse gas emissions, validates and verifies the carbon offset credits.
NextEra Energy Resources plans to sell the VERs from the Capricorn Ridge project into the voluntary carbon credit market.
NextEra Energy Resources is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the FPL Group nuclear fleet, which is the third largest in the U.S. FPL Group had 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada.