Companies have the instrument
to buy green power
And can designate the production facility
that is used to generate green power.
Under the Paris Climate accord there is need for low or no carbon power very imminent. Internationally there is growing interest to use Green Power for the operations of companies. Many companies use renewables products that make the company in line with its own Corporate Social Responsibility goals.
In the, so-called labelling of power, companies have the instrument to buy green power and even can designate the production facility that is used to generate green power.
Green Power market is growing very rapidly. Even too fast for some producing regions where there is a shortage in green power.
The market is developing products to fill this gap.
REC are renewable energy certificates that give the buyer the proof that indirectly they have bought green power by using the certificates as proof of the greening.
In the USA this REC market is domestically one of the largest power contracts that is listed at Nodal Exchange Virginia.
Internationally we see a growing trend to trade in iREC’s that can be used in every member country that has accepted the iREC standard.
By using iREC you can green your company with for example hydro power from Kirgizia and wind from Ukraine or solar from Sahara solar installation.