Meeting Sustainability Goals with RECs
Renewable Energy Certificates (RECs) serve as green energy certificates or tradable units. They enable the claim of the consumption of one megawatt-hour (MWh) of electricity generated from renewable sources like solar, wind, or hydropower, contributing to sustainability goals.
Globally recognized, this framework permits individuals or corporations to effectively ‘use’ renewable energy without direct consumption. For every 1MWh of conventional energy consumed, the opportunity exists to purchase 1MWh of renewable energy, symbolized by a REC, generated elsewhere.
By leveraging this framework, individuals or corporations can achieve 100% carbon neutrality in their electricity consumption, marking a significant stride toward meeting sustainability goals.
International Standards
Tradeable Instruments for Global Renewables (TIGR)
International Renewable Energy Certificates (I-REC)
What are EACs
EACs
Energy attribute certificates (EACs) are tradable instruments that serve as proof of renewable energy consumption. Each EAC represents 1 megawatt-hour (MWh) of electricity generated from a renewable source like solar or wind. The concept behind EACs arises from the fact that renewable energy gets mixed into the general electricity grid. EACs help track the environmental benefits associated with renewable energy use. EACs allow companies that purchase them to claim the environmental benefits of renewable energy consumption even if they are not directly connected to a renewable energy source. This is because EACs are separate from the physical electricity itself. There are various types of EACs, each with its own naming convention depending on the region. Some common examples include Guarantees of Origin (GOs) in Europe, Renewable Energy Certificates (RECs) in North America, and International REC Standard (I-RECs) for many other countries.
What is PPA?
Power Purchase Agreement (PPA) is a contractual agreement between two parties, typically a renewable energy project developer (seller) and a buyer, such as a corporation, utility company, or government entity. The agreement outlines the terms and conditions under which the buyer agrees to purchase electricity generated by the renewable energy project over a specified period of time.
EMISSION REDUCTIONS
Through a PPA, your organization can reduce its Scope 2 emissions and source and claim 100% renewable energy usage through a long-term contract.
NEGOTIATION
We can negotiate an advantageous contract between you and a supplier in our vast network that can provide you with the volumes you require in the correct geography using your desired technology.
ADMINISTRATION
Our experts also have the experience and infrastructure to handle all the complex administrative paperwork on your behalf.
STANDARDIZED
Sourcing renewable energy via PPAs is supported by leading standards like the Greenhouse Gas Protocol and CDP, and they can be used to hit your RE100 and SBTi targets.
ADVISORY
We are specialized in PPA advisory services, tailored for organizations engaged in green PPAs and renewable electricity generators operating under Contracts for Difference (CfD) or Feed-in Tariffs (FIT).
SUPPORT
Our experts can help you structure and execute a PPA with a predetermined period at a fixed price to give you long-term budgetary visibility, supply assurances, and energy source transparency.
Renewable Energy Project Owners & Developers
- Asset Registration
- Client Sourcing
Corporations Invested in ESG
- Consultancy Services
- Flexible Sourcing
Investors
- Growth Investing
- Providing clear assessments
TRANSFORM B2C E-SERVICES