News

3 March 2017

Minutes: 22 March 2017 I-REC Standard Advisory Group Meeting - Amsterdam, The Netherlands

On behalf of the market players and stakeholders who make use of the International REC Standard, RECS International will coordinate an I-REC Standard Advisory Group meeting. The meeting is being organized in direct coordination with the I-REC Standard board and secretariat. The meeting is planned for 14:30 – 17:00 on March 22, 2017 in Amsterdam, the Netherlands.
 
Update April 25 2017: Minutes for this meeting have been published and can be seen via the link below.
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8 November 2016

Dubai Carbon Centre of Excellence authorized by Dubai Supreme Council of Energy

The secretariat received authorization on November 7th 2016 from the Dubai Supreme Council of Energy granting the Dubai Carbon Centre of Excellence (DCCE) the exclusive rights to document and issue RECs in the United Arab Emirates. The I-REC secretariat is working together with the I-REC Standard board and DCCE to ensure the I-REC Standard is implemented in the UAE in a reliable and transparent manner. Issuance is expected in early 2017 assuming the I-REC Standard board authorized DCCE as local issuer. Please contact the secretariat for more information.

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8 August 2016

The I-REC Standard issues certificates in India

In collaboration with local stakeholders, national authorities and international market players the International REC Standard has authorized the Rest of the World (RotW) issuer to conduct issuance of I-RECs in India. The I-REC Standard board allowed for the issuance of I-RECs as long as there is guaranteed to be no interaction with the existing Renewable Purchase Obligation (RPO). For this reason the issuer in India is restricted to issuing I-RECs from renewable production devices of >25 MW installed capacity hydroelectricity. It is the hope of the I-REC Standard that the Indian Energy Exchange (IEX) will takeover issuer activities in 2016.

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2 February 2016

Retroactive registration, residual mix deadlines and impacts on 2017 issuance

During the December 15, 2015 I-REC Standard board meeting it was decided to extend retroactive registration rules into 2016. During this meeting there was also discussion to implement a system-wide residual mix (RM) deadline and as such restrict issuance for production taking place after the RM deadline. As a result of this discussion a code change request has been submitted to the I-REC Standard board for approval.

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19 August 2015

NREL Fact sheet on renewable electricity: How do you know you are using it?

The U.S. based National Renewable Energy Laboratory (NREL) recently published a two-page document titled, “Renewable Electricity: How do you know you are using it?”. The document primarily focuses on the use of RECs in the U.S. and how the reliability of the attribute transfers can be guaranteed. In the final section, “International Use of RECs” The International REC Standard is mentioned as a customized tracking system that can be implemented for individual countries.

For more information on NREL you can go to their website here: http://www.nrel.gov/

To view the fact sheet “Renewable Electricity: How do you know you are using it?” click here:  http://www.nrel.gov/docs/fy15osti/64558.pdf

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28 July 2015

European University Institute presents the I-REC Standard as a way to improve efficiency of investments

The authors of the paper “Capturing Synergies among the Power Markets around the Mediterranean" suggest that governments can implement electricity tracking systems as a way to make renewable, “green” investments, more attractive. The I-REC Standard is presented as a possible option for national governments looking to implement these type of attribute tracking systems.

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2 July 2015

Businesses begin purchasing standardized RE in Asia

ECOHZ, a supplier of a wide range of renewable energy solutions to electricity providers, businesses and organizations across Europe and together with SGS, the world’s leading inspection, verification, testing and certification company, have taken the lead in promoting renewable power documented with the I-REC Standard.

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