Submitted on 09-23-12 8:30 am Message: I am trying to develop a position paper on revenue recognition related to REC's. We are having some challenges in finding good support and position papers and I was hoping someone in FENG may have some ideas for resources.
Submitted on 10-18-12 10:13 am. Message: I am not sure I can help you from an accounting perspective, but I am very involved in renewable energy development and investment banking, including SREC aggregation and sales.
Given the downward pricing in the market, I would think a conservative approach would be to recognize revenue as the recs are transferred. If under a contract, I would think there is an arguement to recognize the revenue (book receivable) at the time the recs are created and entered into the GATS system.