The WyoRECs renewable energy credit program gives Wyoming another tool in attracting and financing new business development. The WyoRECs program is a partnership of the Wyoming Business Council and PRECorp.
A renewable energy credit program gives Wyoming another tool in attracting and financing new business development. Purchase of WyoRECs allow businesses to offset their consumption of power from traditional sources and meet their own goals for sustainable energy use.
The program, a partnership between Powder River Energy Corp. and the Wyoming Business Council, also will raise money for new economic development projects as cash matches required in the Business Council Investment Ready Communities Grant & Loan programs.
Laura Ladd, a PRECorp consultant who designed the WyoRECs program, says it is a good fit for large power consumers that want to reduce their carbon footprints but may not have the option to buy power from renewable sources from their provider.
The program makes Wyoming more attractive for data centers, high-tech developments and large industrial users that may have concerns about the state’s energy profile, she says.
“We can assure folks that they can meet their renewable energy targets and get affordable power, all in Wyoming,” Ladd says.
PRECorp, an electric cooperative in northeastern Wyoming, is the largest co-op member of Basin Electric, which decided to allocate renewable energy credits from its wind power generation back to member co-ops. PRECorp, Ladd says, “could have sold its credits on the open market and made money, but wanted to do something for Wyoming.”
The Wyoming Business Council announced the program in April 2013. Green House Data, a Cheyenne-based data center powered by renewable energy, was the first customer to buy WyoRECs.