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APT Selling First Certificates for Renewable Energy
APT Power Trading GmbH is the first Austrian company to trade RECS Certificates for Renewable Energy. RECS (Renewable Energy Certification System) is a new Europe-wide system of certificates which is currently being introduced in twelve European countries.
In Austria, RECS is supported by e-control as the competent independent supervisory body. The demand for RECS is currently still on a voluntary basis. That a demand exists is proved by the deal with Südwestdeutsche Stromhandelsgesellschaft mbH (SüdWestStrom), which has acquired certificates for the public works of a German city. RECS certificates certify the environmental benefit, in this case of Austrian hydropower.
The VERBUND trading subsidiary APT considers this first deal involving 1000 RECS certificates the beginning of a promising European market, in which it intends to play a major role.
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