ING Will Use Wind Energy Credits
WINDSOR, CONNECTICUT - ING Group, which is building a new Connecticut headquarters in Windsor, said it will purchase wind energy credits equal to all the projected electricity it will use at its locations throughout the United States.
Initially, the Dutch financial services firm will purchase enough credits to cover power use this year and next. ING will invest about $600,000 in the credits, according to Philip K. Margolis, an ING spokesman in Hartford.
Like most businesses, ING can't obtain its electricity directly from renewable energy sources, such as wind. Instead, it is contracting to purchase 70,000 megawatt hours of wind-energy credits. Each credit represents 1 megawatt-hour of electricity from wind energy sources.
Producers of such energy sell the credits through brokers and the money that is raised helps pay for generating electricity by wind, cutting down on energy production by burning fuels such as coal.
Related News

Beating Covid Is All About Electricity
NEW YORK - Robert Bryce, Contributor
During her three-year career as a registered nurse, my friend, C., has cared for tuberculosis patients as well as ones with severe respiratory problems. She’s now caring for COVID-19 patients at a hospital in Ventura County, California. Is she scared about catching the virus? “No,” she replied during a phone call on Thursday. “I’m pretty unflappable.”
What would scare her? She quickly replied, “a power outage.” About a year ago, while working in Oregon, the hospital she was working in lost power for about 45 minutes. “It was terrifying,” she said.
C., who wasn’t authorized by her…