Ocotillo Refurbished Wind

High-impact RECs accelerate the energy transition

Refurbishing Ocotillo Wind Farm with Ever.green - YouTube

Refurbishing Ocotillo Wind Farm with Ever.green

14 BUYERS

Tech
Retail
Real estate
Carbon credit platforms
Agencies
Venture capital

Big Spring, TX

Repowered Wind

55 MW, 140k MWh/yr
Enough to power 19,000 homes annually

59k tCO2/yr avoided
View project

Ocotillo Wind

High-Impact RECs

Attested additionality

Long-term REC contracts made project financially feasible

Our planet's future hinges on immediate, decisive action to dramatically reduce greenhouse gas emissions, particularly Scope 2 emissions, which stem from the energy we consume. Meeting our climate goals requires a transformative shift in how we power our world.

Market Context

In 2022, approximately 314,000 companies purchased Renewable Energy Certificates (RECs) in the US to meet their sustainability goals. Most of those were purchased for very low prices – and for a single year at a time – on the spot market. Ever.green offers high-impact RECs as an alternative solution to spot market RECs and traditional VPPA’s.

Ever.green’s REC contracts are sold at a meaningful price for a 5-10 year term, and carry an attestation of additionality, meaning they make a material impact to the financeability of the project.

Project Selection

Ever.green’s approach is first to seek out projects that need additional financing in the form of REC contracts to be financially viable. In early 2023, we connected with Clearway Energy and learned about their efforts to save an aging wind farm in Big Spring, Texas. Clearway Energy undertook a comprehensive refurbishment initiative of this 55 MW wind farm, which included upgrading generators and turbine drive trains across the farm's 26 turbines. This message resonated with a group of buyers who were looking to do more with their sustainability budgets.

Collective Action Drives Change

The collective of buyers also includes Arrow Electronics, software firms like Trimble, Autodesk, Stripe, Samsara, TaskUs, Ripple, and Medallia, and apparel maker Brooks Running.

For Brooks Running, the RECs from the Ocotillo project will cover 80% of the energy consumption at their headquarters, two stores in Seattle, and their distribution center in Indiana.

The Ocotillo wind farm came online in Q1 of 2024 and the first batch of RECs was delivered the following quarter.

An Ongoing Commitment to Service

Ever.green’s commitment doesn’t end at thoughtful project selection. Each quarter, we retire RECs on behalf of our customers. Together, these companies and Ever.green are crafting a new chapter in renewable energy. Their collective efforts are not just reducing emissions—they are forging a path towards a future where environmental responsibility is within reach for all.

Ever.green customer stories

Bishopville Solar

Ever.green helped unlock 28MW of solar power by connecting a mission-driven developer with corporate buyers to unlock long-term revenue needed to finance this project and bring it online.

Solar on Schools

Ever.green aggregated corporate climate commitments to enable rooftop solar for a rural school district, lowering energy costs and creating local jobs.

Ralston Family Farms

Ever.green matched Ralston Family Farms with a buyer and guided the deal from start to finish, making it easy for both sides to benefit from clean energy tax credits.