I-REC CERTIFICATE AND THE IMPORTANCE OF ENERGY CERTIFICATE FOR BUSINESS - Bestiani

For businesses that install solar power systems, it is important to ensure that their projects meet international standards and achieve prestigious certifications. Among these certificates, IREC (International Renewable Energy Certificate) is one of the most interesting.

1. What is an I-REC Certificate?

I-REC is a type of Energy Property Certificate (EAC) given to certification that a certain amount of electricity is produced from a renewable energy source (1 I-REC represents 1 megawatt hour of renewable electricity). Currently, in addition to I-REC, the global EAC system also has 2 other types of renewable energy certificates: Energy provenance certificate Guarantee of Origin (GO) is used in the European Union energy market and Renewable Energy Certificate Renewable Energy Certificates (RECs) are used in the US and Canadian energy markets. I-REC is used in countries and regions that do not have a green energy certification system such as Africa, Asia, South America... In addition, some countries such as Australia or Japan also have their own certification systems. .

 

Map of I-REC equivalence certificates and the locations of countries using them in the world. (Source: EEC.VN)

2. What type of energy does the I-REC certificate apply to?

• Solar.
• Wind energy.
• Hydropower.
• Biomass energy.
• Biogas energy.
• Nuclear energy.

 

3. Uses of the I-REC certificate.

The I-REC certificate is used as a tool to measure and track a business's renewable energy usage. It also increases the ability to export renewable energy-related products and services, helping businesses strengthen their position in international markets.

In addition, I-REC certification also helps businesses enhance their ability to attract investment capital for renewable energy projects. This is especially important given the growing demand for renewable energy and the increasing investment budgets of governments around the world.

Besides, the use of I-REC certificate also plays an important role in building the brand image of businesses. Businesses are seen as actively contributing to environmental protection and minimizing the impact of business activities on the environment.

Image of an I-REC certificate with an energy rating of 2,441,000 kWh

4. The effect of I-REC certificate for businesses installing solar power systems.

In the field of solar power, the I-REC certificate is used to ensure that projects installing solar power systems are produced from renewable energy sources. Therefore, for businesses operating in the solar energy sector, achieving I-REC certification will help increase their competitiveness on import and export work in difficult markets. By meeting the standards of this certification, businesses can confirm that they comply with regulations on environmental protection, sustainability and ensure the quality of their products.

Ensuring the use of advanced equipment and technology, compliance with safety standards and product quality assurance, makes it easier for businesses to participate in large projects, especially projects funded by international organizations. These organizations require businesses to provide certificates that meet international standards such as IREC certificates to ensure the sustainability and quality of the project.

5. Which businesses should have an I-REC certificate?

If your Business belongs to the group of businesses interested in indicators ESG (Environmental, Social, Governance), owning an I-REC certificate is an extremely important part to measure factors related to sustainable development and the impact of enterprises on the community.

Greening industrial energy sources has become a global trend. Today, many countries and consumers are increasingly demanding about the origin of the products used and how they affect the environment. Moves from both domestic and foreign governments such as the commitment of the Vietnamese government to the goal of reducing carbon emissions to zero at COP26, or the requirements of greening imports into the European Union EU will be the factors that greatly affect the energy transformation of enterprises. The I-REC Renewable Energy Certificate can help businesses achieve their sustainable development goals while at the same time demonstrating the company's commitment to renewable energy, satisfying the "greening" conditions of the renewable energy sources. Partner.

However, the energy transition faces many barriers, especially the high initial investment cost, which prevents businesses from moving towards the green trend. Grasping that problem, Bestani Technical Joint Stock Company (BEC) – The pioneer EPC general contractor in Vietnam in terms of quality and package energy services, bringing a 0 VND solar power installation solution, with outstanding advantages such as:

• Supported businesses 100% cost of equipment, installation, operation and maintenance.
• Enjoy preferential electricity rates per kWh (lower to 15%) to save a large amount of costs that can be up to about 400 million a year per MWp.
• Long-term contract up to 25 years according to the needs of the factory.
• Contributing to building a green brand image, achieving green building certificates such as I-REC, LOTUS, LEED, Green Mark.

If you are interested in this service, please contact us immediately BEC for a free consultation.