Wyoming Business Council: Renewable Energy Credit Program Incentive For Businesses
Powder River Energy Corporation (PRECorp), an electric cooperative in Northeastern Wyoming, and the Wyoming Business Council are pleased to announce a partnership that enhances Wyoming’s economic development prospects, offering a solution for businesses seeking to offset their in-state energy consumption with renewable energy credits, known as WyoRECs™, for this Wyoming program.
The Business Council and PRECorp seek to make available WyoRECs™ as part of the Business Council’s business recruiting toolkit and to also be able to assist businesses in PRECorp’s service area which are seeking Business Council financing.
Ideal candidates are businesses that are seeking to expand or re-locate in Wyoming and are interested in utilizing renewable energy sources or in offsetting their carbon footprint as part of their decision making process for locating their business in a community. Many large national and global businesses actively site projects in areas where renewable energy sources are available in order to meet broader company-wide sustainability goals.
By selling renewable energy credits assigned to their company, PRECorp seeks to create value in a transaction which benefits Wyoming’s economy. PRECorp will use revenues from the sale of WyoRECs™ toward cash match requirements of Business Council Investment Ready Communities Grant & Loan programs at an amount determined and approved by the PRECorp Board.
Business Council representatives are actively seeking participants throughout Wyoming. Businesses interested in this program should contact their Business Council regional directors. Information on the program should also be posted on the Business Council website by April 15, 2013.