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Rakesh  Sharma's picture
Journalist, Freelance Journalist

I am a New York-based freelance journalist interested in energy markets. I write about energy policy, trading markets, and energy management topics. You can see more of my writing...

  • Member since 2006
  • 1,019 items added with 704,972 views
  • Apr 30, 2021

More renewable natural gas credits for NextEra. RINs are renewable natural gas credits and the market for such credits is booming currently. I spoke to a NextEra Energy Marketing (the division working with Opal) customer - a municipal aggregator - recently. He told me that NextEra was responsible for procuring and retiring credits for them. I guess it is not difficult to understand the business model here. As I mentioned in a piece recently, the company generates more than 98% of its revenues from utilities where natural gas (not the renewable kind) is the primary source of fuel while promoting itself as a renewable energy company.   


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