What are Renewable Energy Certificates?

Renewable Energy Certificates (RECs) are certificates that documented the produced electricity is from renewable sources like wind and water.

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Renewable Energy Certificates (RECs)

Renewable Energy Certificates (RECs) are certificates that document the environmental, social, and other characteristics of electricity generated from renewable sources. They can be used to monitor and verify electricity consumption. In Turkey, there is the Turkish Renewable Energy Certificate (YEK - G) certification system operated by Enerji Piyasa İşletme A.Ş. (EPİAŞ), whose mechanism framework and regulations are set by the Energy Market Regulatory Authority (EPDK), and the Dutch International Renewable Energy Certificate (I-REC) system, which is operated by private companies and whose mechanism framework and regulations are set by the International Tracking Standard Foundation.

Reductions Scope 2 emissions by renewable energy certificates are recognized by reputable corporate sustainability reporting frameworks such as the GHG Protocol, CDP, Science Based Targets Initiative (SBTi), and RE100.

What are I-RECs (International Renewable Energy Certificates)?

I-REC (International Renewable Energy Certificate) is a certificate system that provides international certification of renewable energy production and consumption. These certificates are used to verify that electricity generated from renewable energy sources meets certain standards and minimizes its impact on the environment. The certificate includes information such as the name of the energy producer, the date of production, and the type of resource used.

I-REC certificates can be used to verify a company's renewable energy procurement and certify that it has neutralized Scope 2 emissions.

How to Generate I-REC Credits?

If you are wondering how to verify the electricity production of your renewable energy investments for I-REC credit, you can follow the steps below.

Starting Energy Production

To obtain an I-REC certificate, renewable energy production must first be started. This means electricity production from solar, wind, hydropower, biomass or other renewable energy sources. It is important to prove that the production facility produces energy from these sources.

Collecting Energy Production Data

Energy production data and other necessary documents need to be collected before or during the certificate application process. Through the documents, you can verify your production by receiving I-REC credits for each 1 MWh produced by the facility.

Application for the Certificate

In the next step, you need to contact the relevant organizations and apply. There are various organizations in Turkey and around the world that you can apply for I-REC certification. These organizations evaluate the energy production facility and its compliance with the standards. During the assessment, the facility's energy production data, equipment status and other relevant criteria are reviewed.

Once the audit and assessment process is successfully completed, you can verify your production for I-REC credits. The I-REC credit certifies the renewable energy produced by the energy production facility over a certain period, proving that the energy produced is environmentally friendly and sustainable.

You can contact us to get support from our expert team for feasibility studies, project design and credit verification processes in which environmental commodity market your new renewable energy investments can be included: www.erguvan.co/tr/contact-us

If you are wondering how to verify the electricity production of your renewable energy investments for I-REC credit, you can follow the steps below.

Starting Energy Production

Collecting Energy Production Data

Application for the Certificate

If you are wondering how to verify the electricity production of your renewable energy investments for I-REC credit, you can follow the steps below.

Starting Energy Production

Collecting Energy Production Data

Application for the Certificate

What to do with I-REC Credits?

You can use I-REC credits for environmental commodity trading, energy trading or by certifying that the energy you consume is from renewable energy sources. You can also use your certificate in your company's sustainability reports and environmentally friendly energy commitments.

What are the Benefits of I-Rec Certification?

It documents that the energy you consume comes from renewable sources and enables certified claims to be made with transparency to your stakeholders.
Use it in your sustainability reporting, marketing strategies and green supply chain management practices.
It helps your company fulfill its environmental responsibilities and be recognized as an environmentally responsible business.
In addition, IREC certificates facilitate renewable energy trade and help producers grow by reaching a wider market, as they are internationally recognized and enable easy tracking of energy sources.

It documents that the energy you consume comes from renewable sources and enables certified claims to be made with transparency to your stakeholders.
Use it in your sustainability reporting, marketing strategies and green supply chain management practices.
It helps your company fulfill its environmental responsibilities and be recognized as an environmentally responsible business.
In addition, IREC certificates facilitate renewable energy trade and help producers grow by reaching a wider market, as they are internationally recognized and enable easy tracking of energy sources.

It documents that the energy you consume comes from renewable sources and enables certified claims to be made with transparency to your stakeholders.
Use it in your sustainability reporting, marketing strategies and green supply chain management practices.
It helps your company fulfill its environmental responsibilities and be recognized as an environmentally responsible business.
In addition, IREC certificates facilitate renewable energy trade and help producers grow by reaching a wider market, as they are internationally recognized and enable easy tracking of energy sources.

How to Obtain an I-Rec Certificate?

I-Rec credits are issued for 1 MWh of electricity produced using renewable energy sources. All businesses can request as many I-REC credits as they consume (MWh), they can procure from intermediaries, electricity generation companies or directly from certificate producers with ECM. I-REC credits purchased to zero or reduce emissions from electricity consumption, which constitute the largest item in the carbon footprint reports of businesses, are redeemed through the standard electronic registration system.

On our environmental commodities exchance, ECM, you can;

Find an IREC project that aligns with your values and goals.
Choose to support different renewable energy technologies.
Complete your transaction and receive a customized certificate with details of your offset.
Eliminate costs and complexities by establishing a direct link between producer and consumer.
Be sure that you have taken a step to reduce your impact on the environment.

On our environmental commodities exchance, ECM, you can;

Find an IREC project that aligns with your values and goals.
Choose to support different renewable energy technologies.
Complete your transaction and receive a customized certificate with details of your offset.
Eliminate costs and complexities by establishing a direct link between producer and consumer.
Be sure that you have taken a step to reduce your impact on the environment.

On our environmental commodities exchance, ECM, you can;

Find an IREC project that aligns with your values and goals.
Choose to support different renewable energy technologies.
Complete your transaction and receive a customized certificate with details of your offset.
Eliminate costs and complexities by establishing a direct link between producer and consumer.
Be sure that you have taken a step to reduce your impact on the environment.

How I-Rec Certificate Prices are Determined?

I-REC prices vary depending on the country in which the certificate was produced, the year of production and the type of renewable energy source. Energy production costs and the supply-demand balance in different regions are important factors that directly affect prices.

I-RECs can be obtained from different renewable energy sources. The cost and market value of each technology is different, which is directly reflected in I-REC prices.

Prices may rise during periods of high demand, while prices may fall during periods of excess supply. I-REC prices vary according to the type of purchase, either directly from the certificate producer or through intermediaries, and according to the amount of demand.

I-RECs can be obtained from different renewable energy sources. The cost and market value of each technology is different, which is directly reflected in I-REC prices.

Are There Other Certificates Similar to I-Rec?

Yes, renewable energy certificates and names can vary. For example, there are REGO (Renewable Energy Guarantees of Origin) certificates valid in the United Kingdom or GO (Guarantees of Origin) certificates used by European Union countries.