Issuers

•• Putting the Standard and Code into practice

Independent entities responsible for the registration and issuance of I-RECs

Issuers are responsible for the registration of ‘Registrants’ (production device owners or entities acting on production device owners’ behalf) and their respective production devices in a country or region. Without Issuer authorization for a specific country or region, it is not possible to issue I-RECs for production devices in that country or region. In addition, Issuers are responsible for the issuance of I-RECs, which includes the verification of data, which is typically provided by users.

For each Product Code, in each country, the I-REC Standard Foundation Board must authorize or promote an Issuer to implement the rules established in the Product Code that are adherent to the International Attribute Tracking Standard (Standard).

It is our preference for a local Issuer to be appointed, as a well-informed stakeholder in the country or region as they can stay up to date with legislation and ensure the reliability of the implementation of the Standard. However, the role of the Issuer can be fulfilled by a variety of entities such as for-profit organizations, non-profit organizations, or governmental bodies. But most importantly, Issuers must be able to act independently of the market, which means that they cannot be involved in the production of the underlying I-REC or in the trade of I-RECs.

Current Approved Issuers for I-REC(E):

  • Green Certificate Company (GCC): GCC certifies renewable energy generation around the world. The I-REC Standard Foundation often approves GCC as the default Issuer of I-REC(E) in the case no other suitable local Issuer can be identified. GCC will be released from their position as the default Issuer if a suitable local alternative is identified. Registration can take place through Issuance countries: Bangladesh, Burkina Faso, China, Costa Rica, Dominican Republic, Egypt, El Salvador, Ghana, Guatemala, Honduras, India, Indonesia, Malaysia, Mauritius, Mexico, Nigeria, Panama, Peru, Philippines, South Africa, Sri Lanka, Taiwan, Thailand, Uganda, Vietnam.
  • Energy Peace Partners (EPP): EPP issues Peace Renewable Energy Credits (P-RECs) labelled RECs, among other ordinary I-REC(E). P-RECs are designed to stimulate renewable energy market development in fragile and energy poor regions of these countries. The I-REC Standard Foundation recognizes P-RECs as I-REC(E)s with a ‘peace’ label that indicates high-impact social co-benefits. Registrations can take place through Energy Peace Partners’ website. Issuance Countries: Chad, Democratic Republic of the Congo, Somalia, South Sudan
  • Instituto Argentino de Normalización y Certificación (IRAM): IRAM is an independent, not-for-profit association that has experience in ISO and other Standardization processes. Registration can take place through IRAM’s website. Argentinian devices can be registered following the development of the Local Working Instructions (LWI) by IRAM. Issuance country: Argentina
  • Instituto Totum: Instituto Totum provide Brazilian companies, associations, and business with modern solutions in line with global trends in ​​certification. Instituto Totem is the local Issuer in Brazil. Registrations can take place through Insituto Totum’s website. Issuance country: Brazil
  • Santiago Climate Exchange (SCX): SCX is a private organization focused on tracking the reduction of greenhouse gas (GHG) emissions and local I-REC Issuer in Chile. Registrations can take place through Santiago Climate Exchange’s website. Issuance country: Chile
  • ECSIM: ECSIM is a non-profit organization focused on the green solutions for societal and environmental struggles, as well as local I-REC Issuer in Columbia. Registrations can take place through Fundación ECSIM, who can be contacted directly through their website. Issuance country: Columbia
  • Green Energy Service (GES): Registrations can take place through Green Energy Services’ [e-mail](mailto:issuer@greenenergyservices.co.il). Green Energy Services can be contacted directly via e-mail. Issuance country: Israel
  • Local Good: Registrations can take place through Local Good. Please contact the secretariat (secretariat@irecstandard.org) for more information regarding restrictions and timing. Issuance country: Japan
  • DCCE: Registrations will take place through DCCE. DCCE can be contacted directly through their website. Issuance country: Jordan, Morocco, Oman, Saudi Arabia, UAE
  • Three Pillars Group: Three Pillars Group Consulting is an Oman-based consultancy specialized in various environmental assessments including the renewable energy sector.Registrations can take place through Three Pillars Group. Three Pillars Group can be contacted directly through the website. Issuance country: Oman
  • Goal Number Seven (GNS): The local I-REC issuer in Russia, Goal Number Seven (GNS), has issued their first I-RECs after EN+ Group successfully registered solar and hydropower plants and requested issuance. The I-REC Standard Foundation congratulates all stakeholders with this accomplishment as it paves the way for end-users to further accelerate the development of renewables in Russia by procuring renewables through a robust attribute tracking scheme. Registration can take place through GNS. GNS can be contacted directly through their website. Issuance country: Russia
  • SP Group: Registration can take place through SP Group’s website. Issuance country: Singapore
  • Foton Energy: Foton are an energy-transition start-up company based in Turkey. The company became Turkey’s official I-REC issuer in July 2020, in advance of an expected regulated market for EACs in Turkey. Registration can take place through Foton’s website. Issuance country: Turkey
  • Department of Energy Abu Dhabi: The Department of Energy Abu Dhabi (DoE of Abu Dhabi) is the newly approved I-REC(E) Issuer in Abu Dhabi. Registration can take place through the DoE Abu Dhabi’s website. For more information, please contact the I-REC Standard secretariat at secretariat@irecstandard.org. Issuance country: Abu Dhabi
  • Electricity Generating Authority of Thailand (EGAT): EGAT is Thailand’s leading state-owned power utility under the Ministry of Energy. Registration is possible through EGAT’s website. For more information contact the I-REC Standard secretariat at secretariat@irecstandard.org.
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    Issuers under the Electricity Code

    This document shows a list of Issuers under the Electricity Code and the country in which they are active. ...

    Nov 16, 2021

    Get involved •• Contact the secretariat for more information

    Get involved ••
    Contact the secretariat for more information