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Danish green credits broker
1 April 1999
In Denmark at least one company is preparing for the future green power market by setting itself up as a broker of wind credits. Jysk Vindkraft A/S, a packager of wind projects for private investors amounting to DKK 300 million of turbine sales a year, is now offering to trade green credits for the same turbine owners. Denmark's forthcoming green credit exchange is part of a cross-party political agreement on electricity market liberalisation which requires consumers to buy a fixed proportion of renewables power each year. The power will be acquired by bidding for green credits on the new exchange. According to Jysk Vindkraft's Jørgen Poulsen, he has already pocketed the first agreements with turbine owners to trade their credits. Once he has "several million kilowatts of green power credits" under his arm, Poulsen says he will pay a visit to the local utility and ask for bids for the credits for five and ten years ahead. He is also willing to help turbine owners sell their credits abroad if a higher price is available over the border.
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