Marex Spectron Joins the Renewable Energy Markets Association
Commodities brokerage firm commits support to industry association dedicated to growing North American markets for renewable energy
WASHINGTON, January 15, 2014– The Renewable Energy Markets Association (REMA) today announced the addition of Marex Spectron to its diverse membership. Marex Spectron is one of the world’s largest privately owned commodities brokerage firms, with over 600 employees across offices in New York, London, Singapore, Hong Kong and Geneva. Its Environmental Brokerage Desk team transacts solar, wind, land-fill gas (LFG), biomass, combined heat and Power (CHP), hydro and fuel-cell technology Renewable Energy Credits (RECs) on a daily basis, providing its clients with a transparent, efficient and cost-effective way to monetize RECs.
“We assist our clients by marketing their RECs to a diverse pool of regulated utilities, load serving entities investment-grade energy companies and competitive electricity suppliers,” said Jack Velasquez, Senior Vice President of the US Environmental Desk. “The decision to support REMA came from our desire to better connect with industry leaders and gain the policy intelligence that only REMA offers.”
Formed in 2008, REMA represents the collective interests of both for-profit and nonprofit organizations that sell or promote renewable energy products including renewable technology, renewable electricity, and renewable energy certificates (RECs), to individuals, companies and institutions throughout North America. REMA's recent policy outreach has included maintaining the National Renewable Energy Laboratory’s annual green power report, influencing policy to save REC trading from burdensome Commodity Futures Trading Commission requirements, and shaping voluntary renewable energy in California’s Cap and Trade program. Most recently, REMA helped rally supporters to continue Connecticut’s Voluntary Clean Energy Set-Aside program.
“The Board of Directors and I are excited about Marex Spectron’s membership, as they bring vast experience in the REC markets and understand REC’s role in project financing,” said Josh Lieberman, REMA General Manager. “Their mission complements our existing membership, making REMA a more complete and effective industry association."
For more information on REMA, its membership, and outreach, visits http://renewablemarketers.org/
About the Renewable Energy Markets Association (REMA): The Renewable Energy Markets Association (REMA) is the only nonprofit trade association solely dedicated to maintaining and growing strong REC markets on the state, federal and regional levels. REMA engages in education and advocacy efforts on behalf of an industry coalition of renewable energy marketers, utilities, equipment manufacturers, and others supportive of renewable energy markets. www.renewablemarketers.org
About Marex Spectron: Marex Spectron is one of the world’s largest privately owned commodities brokerage firms. Currently employing over 600 people with offices located in New York, London, Singapore, Hong Kong and Geneva, Marex Spectron is dedicated to offering clients the highest levels of service, discretion and access to all commodity and financial markets globally. Marex Spectron’s US Environmental Brokerage Desk was established in 2005 and has grown into an industry leader for Renewable Energy Certificate (REC) monetization. www.marexspectron.com/