Wind turbines on hills
Renewable Energy Credits (RECs)

Built by operators. Traded like operators.

Every megawatt-hour of renewable generation produces a REC — a transferable instrument representing the environmental attribute of that energy. We help project owners turn those attributes into maximum-value revenue, across every North American registry.

Our edge

We've built the assets that produce the credits.

1delta's team has financed, constructed, commissioned, and operated renewable energy projects across North America. That operational pedigree is not a marketing line — it is the reason we extract more value per REC than firms that only know the trading screen.

When a project owner brings us a portfolio, we already understand the metering, the QSE arrangements, the registry mechanics, and the compliance-versus-voluntary trade-off — because we have lived all of it on the generation side.

That fluency translates directly into pricing. We know which credits are eligible for which programs, how vintage and bundling affect bid depth, and where the highest-paying buyers are sitting at any given moment.

The delta between an unstructured REC sale and an optimized one is often the most meaningful revenue line on a project's P&L.
— 1delta Environmental
Coverage

All North American registries.

RECs are issued, tracked, and retired through regional electronic registries — each with its own rules, eligibility criteria, and buyer base. We are active across every one of them.

Map of North American renewable energy tracking systems
North American renewable energy tracking systems Source: Center for Resource Solutions
PJM-GATSPJM Interconnection
NEPOOL-GISNew England
NYGATSNew York
M-RETSMidwest / multi-region
MIRECSMichigan
NC-RETSNorth Carolina
NARNorth American Renewables Registry
WREGISWestern Interconnection
ERCOTTexas
APX-TIGRSTexas (voluntary)
CEEH-CEDXCanada
Green-e®Voluntary certification
How we help

Four ways we work on RECs.

  • 01
    Origination & project structuring

    We work with project developers and owners from commissioning forward — getting the metering, registry enrollment, and certification right so every eligible MWh becomes a saleable, premium-grade REC.

  • 02
    Marketing & offtake

    We market RECs into the buyers and programs that pay the most for them — compliance utilities, voluntary corporates, Green-e® certified offtakers — and structure contracts that protect upside.

  • 03
    Trading across registries

    Vintage arbitrage, cross-registry transfers, multi-state RPS compliance — we trade the curves daily and know where price inefficiencies are appearing in real time.

  • 04
    Portfolio & strategy advisory

    For owners with multi-asset portfolios or utilities managing RPS obligations, we provide standing strategy on hold-versus-sell, hedge structuring, and long-dated compliance positioning.

Solar farm aerial view
Engage

Own renewable assets? Let's talk about what they're really worth.

Whether you're commissioning a new project, managing a multi-state RPS obligation, or sitting on a backlog of unsold credits — send us a note and we'll be in touch within one business day.