INTERNATIONAL RENEWABLE ENERGY CERTIFICATE (IREC) – HOW IT WORKS AND REGISTRATION PROCESS IN VIETNAM
International Renewable Energy Certificate (I-REC) is derived from the unit of 1 Mwh renewable energy powers (solar, wind, hydro, biomass). An I-REC is created when a renewable energy source generates 1 Mwh of electricity and transmitted to the grid.
Once the electricity supplier has delivered energy into the grid, I-REC certificate can be marketed as an energy commodity. The customers are businesses causing pollution from business and production activities and I-REC is considered carbon credit to offset the emissions. Therefore, I-REC suppliers are usually renewable electricity producers, while I-REC buyers are consumers who wish to reduce indirect emissions from their electricity consumption or they have a goal of using 100% renewable energy.
I-REC Registration Process in Vietnam
- Demonstrate renewable assets
- Register accounts and assets in the Evident system
- Verify and provide power generation data, approved by an authorized company of the international REC standard
- Issue certificates
The process can take 4-7 weeks. Therefore, to save time and costs, you can contact Toan Thanh Industrial Investment Joint Stock Company, a subsidiary of Hoa Binh Energy Construction Consulting Co.,Ltd and also one of the partners The International REC Standard in Vietnam.
Toan Thanh Industrial Investment Joint Stock Company is an official partner of the International REC Standard and had good cooperation in I-REC trading with many potential customers around the world. Therefore, Toan Thanh Company is eager to cooperate with renewable energy plants in purchasing I-REC certificates and supporting the registration process, buying, selling and using certificates globally in a transparent and reliable manner, contributing to the world’s common sustainable development goals and protecting our planet.
Do not hesitate to contact us:
Hoa Binh Energy Construction Consulting Co.,Ltd – PEC
Providing solar power equipment, services and I-REC certificates
Address: 72-72A Vanh Dai Trong, Binh Tri Dong B, Binh Tan District, Ho Chi Minh City
Hotline: 1900 98 98 91