Evolution Markets to Host the Massachusetts Technology Collaborative’s Sixth Auction of Renewable Energy Certificates

Westborough, MA (April 13, 2007): Evolution Markets Inc. announces today it will conduct an auction of Renewable Energy Certificates (RECs) on behalf of the Massachusetts Technology Collaborative (MTC), a quasi-public economic development agency responsible for administering the state’s Renewable Energy Trust. The auction slated for May 2, 2007, includes a combination of current year RECs and a forward sale of RECs. In addition, this auction marks the first sale of RECs by the MTC from a facility eligible under the Connecticut Renewable Portfolio Standard.

The MTC plans to offer approximately 7,888 third and fourth quarter Vintage 2006 Massachusetts “New” Renewable Certificates, 2,776 third and fourth quarter Vintage 2006 Connecticut Class I Renewable Certificates, and a strip of 5,000 Massachusetts “New” Renewable Certificates each for the years 2007, 2008, and 2009. The Massachusetts forward RECs will be produced during any quarter and contracted for sale on a unit-contingent basis.

“With its seventh REC auction, the MTC is breaking ground by offering RECs into the Connecticut Class I market,” said Andrew Kolchins, Director, Environmental Markets. “The market dynamics are quite different from Massachusetts, but it should be a good opportunity for the MTC to generate additional revenue for its renewable energy program. In conjunction with a combined spot and forward Massachusetts REC sale, this auction should serve as a strong source of liquidity for the New England REC market.”

The Massachusetts-eligible certificates for sale are from the Ameresco Chicopee landfill gas-to-energy facilities 1, 2, and 3, which have been approved by the Massachusetts Division of Energy Resources as an eligible source under the Massachusetts Renewable Portfolio Standard. The Connecticut-eligible certificates are from the Swift River Pepperell Hydroelectric facility, located in Pepperell, MA, which has been approved by the Connecticut Public Utility Commission as a Class I Renewable Certificate producer.

“Our REC market program continues to develop, and we are pleased to now incorporate Connecticut-eligible RECs,” said Ian Springsteel, Industry Investment & Development Manager at MTC’s Renewable Energy Trust. “We continue to sell Massachusetts spot and forward RECs, and now spot Connecticut Class I RECs. We have found the auction process administered by Evolution Markets to be an efficient means to tap the market and generate additional revenue for investment in renewable energy development.”

MTC administers the state’s Renewable Energy Trust, which promotes clean energy technologies. The Chicopee landfill gas-to-energy project that generated the certificates was developed with funding from the Industry Support Program under the Renewable Energy Trust. Under the Massachusetts program, the MTC provides financing to help develop renewable energy in the state. The agency receives a portion of the renewable certificates generated by these projects, which are then sold to generate additional revenue for development.

An auction notice and MTC’s REC Sales Agreements and REC Forward Sales Agreement are available from Evolution Markets for bidders to consider, as well as on the MTC website. No exceptions or counter-proposals to the terms of MTC’s REC purchase and sale contract will be considered, and no post-bid acceptance contract negotiations are permitted. Material questions about the auction, the generator, or other such information should be submitted in writing to Ian Springsteel at MTC (details below) no later than ten days prior to the auction date (Apr. 23 at 5 p.m.), and will be responded to in written form no later than two days prior the auction (Apr. 30 at noon). All questions and responses shall also be posted on MTC’s website. Please see official Auction Notice for more details.

Bidders interested in participating are asked to submit bids to Evolution Markets via telephone prior to 1:45 p.m. ET on May 2, 2007. Bidders are then given the opportunity to improve upon the best bid by 2:00 p.m. ET. Bids must be binding until 5:00 p.m. ET on the day following the Auction Date. Once a bid or bids have been accepted by MTC, Evolution Markets will inform the successful bidders, issue transaction confirmations, and then announce the auction results to the market.

For additional information regarding the MTC REC auction please contact:

Andrew Kolchins
Director, Environmental Markets
Evolution Markets
914.323.0255
akolchins@evomarkets.com

Questions regarding decisions and policies of the MTC should be directed to:

Ian Springsteel
Manager, Industry Investment & Development
Massachusetts Technology Collaborative
508.870.0312 x1255
springsteel@masstech.org

About Evolution Markets Inc.

Evolution Markets is the largest global broker of environmental products. The company structures transactions in the environmental credit, renewable energy, weather derivative, and over the counter (OTC) coal, natural gas, and uranium markets. Evolution Markets personnel are pioneers in energy and environmental markets having facilitated the first trades in SO2 allowances, NOx allowances, ERCs in several states, greenhouse gas emissions, weather derivatives, and OTC coal trades. Evolution Markets is actively involved in the emerging compliance REC markets in NEPOOL, PJM, NY, CA, and Texas.  In addition Evolution Markets Inc. also serves the nationwide voluntary REC market. Evolution Markets’ Renewable Energy Markets team has been voted “Best Broker” for U.S. Renewable Energy Certificate Markets by Environmental Finance magazine in 2003, 2004, and 2005. www.evomarkets.com

About Massachusetts Technology Collaborative

The Massachusetts Technology Collaborative is the state's quasi-public economic development agency focused on growing the renewable energy sector and the state’s knowledge-based economy.  MTC administers the Renewable Energy Trust, which was established to generate the maximum economic and environmental benefits over time from renewable energy to citizens of the Commonwealth. The Trust has supported more than 300 projects to generate new clean electricity, create new economic opportunity and spur construction of highly energy efficient green buildings and schools that incorporate renewable technologies.  For more information, please visit:  www.masstech.org.

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