Montclair State University, a leading institution of higher education in New Jersey, announced a retail renewable energy agreement with ENGIE Resources LLC, a subsidiary of ENGIE North America Inc. The contract extends through 2025 under which Montclair State University will purchase Green-e™ certified Renewable Energy Credits (RECs) from wind, solar and hydro projects across the U.S.
The University will receive Green-e® certified RECs which are independently verified by the Center for Resource Solutions and represent the environmental benefits of one megawatt-hour of renewable energy. Over the course of the agreement, the RECs purchased contribute to support CO2 emissions avoidance by more than 7,600 metric tons, while matching 100% of the University’s forecasted retail electricity consumption from the grid.
Montclair has long been a leader in sustainable practices in higher education. The University was the first educational institution in the nation to sign a Memorandum of Understanding (MOU) with the
Environmental Protection Agency (EPA) in 2009, and has committed to building all new facilities to meet Leadership in Environmental Energy Design (LEED) certification standards, with four buildings on campus currently holding LEED certifications.
“Montclair State University is committed to serving the public good by utilizing the latest in sustainable technologies and practices,” said Vice President for University Facilities Shawn Connolly. “This agreement allows us to further those efforts and do so in a way that will truly make an impact.”
RECs support the development of renewable energy generation by monetizing the environmental benefits inherent in such generation. RECs provide renewable energy developers with an additional revenue stream and support financing of renewable energy projects.
“We are pleased to provide a retail energy solution that matches Montclair State University’s sustainability objectives,” said Sayun Sukduang, chief executive officer at ENGIE Resources. “As America’s Energy Greentailer™ we help colleges and universities to participate in the energy transition with supply options and ways to consume energy better.”
SOURCE: PR Newswire