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Article: World Energy Brokers 1.4 Million CER Deal over the World Green Exchange.
- Article from:
- China Weekly News
- Article date:
- November 10, 2009
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World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, announced it has successfully brokered a purchase agreement for over 1.4 million certified emissions reductions (CERs) on the World Green Exchange[R]. The deal, significant in both volume and revenue, was conducted on behalf of B-road International Investment, a Chinese project developer. The buyer, COzero, is an Australian marketer of green power and carbon offsets.
World Energy expects to recognize revenue from the transaction annually over a ten year period, beginning in 2010, as credits are generated, verified, registered and delivered. The ...