REC Financing for Solar & Wind Projects | For Developers
Close your financing gap with High-Impact RECs
Long-term forward contracts at meaningful prices offer bankable project revenue.
Sound familiar?
Your project is within reach, but you need more contracted revenue
Your project is moving forward
- Interconnection application approved
- Site control & permits secured
- Power offtake arranged: power-only PPA, co-op/muni PPA, behind-the-meter, or merchant
Your RECs are available
- Environmental attributes unbundled (not included in power offtake)
- Not already contracted separately
- Not being claimed by your power buyer
But there's a financing gap
- Power revenue alone doesn’t meet lender or investor requirements (QF avoided cost rates, co-op pricing, merchant exposure)
Get your project across the finish line. Close your financing gap with Ever.green High-Impact RECs.
High-Impact REC contracts are structured to close your project's financing gap.
In comparison, spot market RECs at $1 to $3 provide minimal revenue and no long-term certainty. That doesn’t change your project economics or satisfy lender requirements.
High-Impact REC contracts provide:
Forward commitments signed pre-financial investment decision
Long-term contracts (5-10 years)
Fixed pricing
Single contract with Ever.green as your counterparty
The result: Contracted revenue that can help meet lender underwriting requirements and improve investor returns. Getting your project closer towards financial close.
Case Studies
These projects couldn't get financed without High-Impact RECs.
Ocotillo Refurbished Wind
55MW | Repowered
Bishopville Solar
28MW | Qualified Facility | Environmental justice community
Solar on Schools
3.2MW | Local Jobs | Environmental justice community
How it works
A simple process from qualification to contract
01
Submit project details
Location, size, interconnection status, power offtake structure, estimated COD
02
Additionality & Impact evaluation
Additionality: does REC revenue materially improve economics and enable financing?
Impact: does the project have environmental or community co-benefits?
03
Marketing & buyer aggregation
We list your project on our marketplace and aggregate corporate buyer commitments.
04
Contract execution
Once we have sufficient buyer commitments, you sign one contract with Ever.green. We execute buyer agreements and manage REC retirement, reporting, and Green-e auditing.
What Ever.green handles
We manage the complexity so you can focus on development
Buyer aggregation
One contract with Ever.green
We aggregate multiple corporate buyers.
REC operations
Serialization, allocation, and quarterly retirements in registries (ERCOT, M-RETS, PJM-GATS, NC-RETS, NAR, WREGIS)
Green-e certification
All audits and documentation
Project marketing
Materials showcasing your project’s impact
Ongoing reporting
Quarterly reporting and buyer communications
Are High-Impact RECs right for your projects?
Every project is different, but strong projects typically share these characteristics:
Key project milestones have been met (all required):
- Site control secured (lease, purchase option, or ownership)
- Permits submitted or secured
- Interconnection approved or expected soon
- Power offtake arranged: power-only PPA, QF rates, co-op/muni PPA, behind-the-meter, or merchant
- Pre-financial close (6 - 18 months from COD)
Project has revenue gap (any of these):
- Lenders require better debt service coverage ratios
- IRR on power revenue is below investor threshold
- QF avoided cost rates or co-op pricing insufficient
- Need to hedge merchant exposure
RECs are unbundled and available (all required):
- Environmental attributes not bundled into power offtake
- RECs not already contracted
- Power buyer not claiming renewable energy or green attributes
- RECs represent 25%-100% of annual generation for contract duration
Project characteristics (any of these):
- New construction or repowering (IRS definition)
- Distributed generation (typically under 50MW)
- Serving co-op or municipal utility
- Qualified facility (QF) under PURPA
- Behind-the-meter project with co-benefits (schools, nonprofits, community facilities)
Environmental and community co-benefits (any of these):
- Displaces emissions on dirtier grids (high avoided emissions impact)
- Creates local jobs or economic development in underserved, rural, or low income regions
- Serves low-to-moderate income communities or provides community energy access
- Includes environmental co-benefits (pollinator habitat, brownfield sites, agrivoltaics)
What typically doesn't fit:
- Already at financial close or post-COD
- RECs already contracted or bundled into power offtake
- Power offtake alone already makes project bankable (no financing gap)
- Strong existing compliance REC market offtake with long-term price certainty
Not sure where your project falls?
Download our REC developer guide, submit your project, or talk to our team. We'll review your project and work with you to determine whether High-Impact RECs could help.
How we evaluate High-Impact projects
Corporate buyers pay premium pricing for RECs from projects with verified additionality and measurable impact.
Additionality
Does REC revenue help you close a real project financing gap?
We verify that contracted REC revenue is essential to your project’s viability by materially improving economics to meet lender and investor thresholds.
Impact
What environmental and community co-benefits does your project create?
Our Impact Scorecard evaluates a project’s avoided emissions, land use, wildlife protection, labor and materials, and community engagement.
High-Impact REC contracts require both: a real financing need and clear community or environmental benefits.
Take the next step
Qualify your project
Submit your project details for evaluation.
Download resources
Access our qualification framework and impact scorecard.