US Futures Exchange to list wind derivatives
The U.S. Futures Exchange (USFE) says that it will list futures contracts on Nordix Financial Wind Indexes created by Weather Bid, that measure deviations from average wind speeds used in wind power generation.
In doing so, the contracts are intended to provide a financial hedging vehicle for wind resource owners, developers, financiers and consumers of wind energy and will begin trading this summer.
The exchange says that these products are the first to reflect the needs of the greater renewable energy community. “As generation capacity of renewable energy continues to grow exponentially, so has the need for standardized hedging tools similar to those found in traditional energy markets,” said Satish
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