World Energy Brokers 1.4 Million CER Deal over the World Green Exchange

World Energy Solutions, Inc., an operator of online exchanges for energy and green commodities, today announced it has successfully brokered a purchase agreement for over 1.4 million certified emissions reductions (CERs) on the World Green Exchange®. 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 transaction centers on CERs from three early-stage projects across China, including bio-gas and fuel switching. Terms of the deal remain confidential but involve a tiered investment by the buyer for both pre- and post-2012 CERs.

“We initially tried to bring these projects to market on our own, but the World Green Exchange offered us a much more efficient and transparent process to attract high quality investors to our projects,” said Helena Deng, North American Representative for B-road International, an international company dedicated to developing Clean Development Mechanism (CDM) projects in China.

Company CEO, Kuihuan Deng, added: “We are very impressed with World Energy’s ability to connect primary carbon projects with quality buyers in the Kyoto community and are glad to find in COzero an investor who understands our project needs and has experience working with Chinese developers.”

“From a buyer’s perspective, the World Green Exchange offered exactly what we needed: access to high-quality project credits backed by detailed information to help us determine this was the right investment for us,” said Nicholas Armstrong, Director of B2B at COzero. “In short, World Energy streamlined the buying process, and we are excited to be participating in this opportunity with B-road International.”

The World Green Exchange® is an open, information-rich marketplace that enables buyers and sellers of carbon commodities to transact with confidence. Working with leading standards, registries, consultants, project developers and banks, the World Green Exchange streamlines the procurement process while delivering transparency, quality, choice and value. Over 100 million green commodities, spanning CERs, VERs, RECs, Alberta offsets and RGGI allowances, have been transacted on the World Green Exchange, making it one of the largest primary carbon marketplaces in the world.

“Buyers and suppliers in the global carbon market share common needs, the most critical of which is information – about projects, about contracting, and, most of all, about each other,” said Kenneth Ivanic, Vice President, Environmental Markets, at World Energy. “This transaction highlights the growing global appeal of the World Green Exchange and how it brings together buyers and suppliers, helping them transact more efficiently.”