Renewable energies are clean, inexhaustible and increasingly competitive. They differ from fossil fuels mainly in their diversity, abundance and geographic distribution, but especially by the fact that they do not produce greenhouse gases -the root cause of climate change- nor polluting emissions – the root cause of poor air quality -. The development of clean energy is essential to tackle climate change and limit its most devastating effects.
Renewable Energy Certificates (RECs) are instruments that represent physical electricity generated through renewable sources that can be sold separately. RECs translate into an economic benefit for renewable energy producers, thereby facilitating the energy transition.
There are two global standards used for RECs:
- Tradable Instrument for Global Renewables (TIGR). It mostly works in the US Market, although they can be generated anywhere in the world and from any renewable power plant regardless of size.
- iREC: The “”i”” denotes international. These are the most experienced RECs, currently they feature the possibility of including Gold Standard attributes.
In both cases REC origination processes consist of 3 stages:
- Validation of the registration account (ALLCOT’s account is already validated).
- Validation of the project for the origination of credits under the general requirements set by the standard.
- Validation of the generation of MWh (through receipts for the sale of energy to the grid).
Guarantees positioning to companies by enhancing the value of their brand, and committing to corporate social responsibility.