If a project receives an allotment of REC credits from a larger corporation in the required amount and states that the REC credits will not be counted towards or used for any other project within the corporation`s portfolio, will this meet the credit requirements? If yes, what if any additional submittal requirements are necessary to illustrate the intent of the credit has been met?
The project is requesting that REC\'s purchased from a larger corporation meet the credit requirements on a single project. Yes, this approach is acceptable given that the project has purchased Green-e accredited Tradable Renewable Certificates (RECs) equal to at least 35% (or 50% for LEED-CI projects) of the predicted annual electrical consumption for the project building over a 2-year period. In addition to the standard submittal requirements, a statement in the form of an email or letter from the building portfolio owner should be provided confirming that that the REC credits will not be counted towards or used for any other project within the corporation`s portfolio.