International Renewable Energy Certificates (i-REC)

International Renewable Energy Certificates (i-REC)

The International Renewable Energy Certificate (I-REC) is one of the widely applied standards to encourage investment in and use of renewable energy and support the transformation of the energy sector towards greener.

1. What is a renewable energy certificate? (RECs)

A Renewable Energy Certificate (REC) is a trading instrument that is determined by the holder of a megawatt-hour (MWh) of electricity generated from a renewable energy source (Solar, Wind power) , hydroelectricity and biomass)

A REC unit is created when a renewable energy source generates one Megawatt-hour (MWh) of electricity and sends it to the grid.

Once the electricity supplier has supplied energy to the grid, the REC certificate received can be sold on the open market as an energy commodity. For example, RECs earned can be sold to other companies that are polluting as a carbon credit to offset their emissions.

In Europe and North America will apply REC renewable energy certificate, in Vietnam market, this certificate will be called I-REC (meaning International Renewable Certificate).

The I-REC is an essential component of a carbon reduction plan to promote renewable and sustainable energy production.

II. How Renewable Energy Certificates Work

The Renewable Energy Certificate (i-REC) allows businesses to demonstrate that the electricity they produce and put on the grid is from renewable sources, helping to differentiate it from other non-renewable energy sources. also connected to the power grid. Therefore, the supplier of I-REC is usually a renewable power producer, while the buyer of I-REC is a grid consumer with the desire to reduce indirect emissions from their own electricity consumption. , or have a goal of using 100% renewable energy.

I-REC is a great fit for companies that want to reduce their carbon footprint and environmental impact by purchasing an I-REC. Purchasing an I-REC renewable energy certificate can help you achieve your sustainability goals while demonstrating your commitment to renewable energy.

I-REC is built based on REC and GO Renewable Energy Certificates in 2014 and is recognized by international sustainability standards such as Greenhouse Gas Standard, RE100, CDP, ISO… Each I-REC, In addition to representing the 1MWh of renewable energy generated, it also includes the environmental benefits that this renewable energy brings. The I-REC Standard's digital tracking system allows participants to track renewable energy properties from the point of production to the point of consumption, helping to ensure transparency and avoid duplication of transactions. I-REC on the market.

It also promotes your business as a renewable energy advocate. Reducing your company's dependence on fossil fuels contributes to a brighter future for our planet. Producing renewable energy reduces emissions, assisting in the fight against climate change.

CONTACT EPC SOLAR FOR CONSULTATION FOR USING INTERNATIONAL RENEWAL ENERGY CERTIFICATES (REC)

VIETNAM SOLAR POWER EPC CORPORATION

Hotline: 079 664 8899                                   Email: contact@epcsolar.vn

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