Buyer looking to purchase 40.000 VERs in Reversed Auction in May

Once again, Climex will be organising a purchase auction for VERs. Buyer this time will be the Dutch branch of one of the “big 4” accountancy firms, who contracted Climex to purchase their VERs at auction.

The Buyer intents to purchase 40.000 VERs.

The exact date of the auction is yet to be determined but expected somewhere in May 2010.

“Buyers on the voluntary market are more and more experienced and knowledgeable about the market, the standards and the products. This results in more buyers purchasing their VERs directly at auction” explains Sascha Bloemhoff, Commercial Director of Climex, ”and the increase in the number of reversed auctions on Climex.” “This buyer, like most organisations, is looking for renewable energy projects only. Auctions are the most direct and low cost purchasing channel available on the voluntary market at the moment and we expect to be facilitating more auctions in the upcoming months”.

Based on a Fact Sheet, describing the exact requirements of the Buyer, potential Sellers can hand in their projects. If the requirements are met, participation at auction will be approved. The deal will be granted to the lowest offer onscreen when the auction closes. .

Sellers interested in participating at auction can contact Climex for more information or register for free membership with the Climex exchange at the website: www.climex.com.