International RECs (I-RECs)

To document and report that the energy you consume outside Europe and North America comes from renewable energy sources you can buy International RECs (I-RECs). I-REC is a global standard being introduced in a growing number of countries in Asia, Africa, the Middle East and Latin America where no similar scheme exists. It is an effective and recognised tool to document your reduced greenhouse gas emissions and improve your sustainability rating.

I-RECs

Countries in dark blue are approved I-REC countries.


How it works

I-REC builds on best practice from the North American REC market and Europe’s Guarantees of Origin system and has strong stakeholder support. I-REC is recognised by the Greenhouse Gas Protocol Scope 2 Guidance as a tool to document electricity consumption from renewable energy sources.

Similar to a REC certificate and a Guarantee of Origin, each I-REC represents proof that 1 MWh of renewable energy has been produced and includes the environmental benefits this renewable energy has generated. The I-REC registry electronically issues I-RECs based on renewable energy generators’ output.

I-RECs are traded. When a company buys I-RECs as documentation for their electricity consumption, the I-RECs are cancelled in the registry. This single standardised instrument makes it easy to track ownership, verify claims and ensure that I-RECs are only sold once and there is no double counting.

The International REC Standard (The I-REC Standard) established and governs I-REC operations. ECOHZ actively participated in the establishment of the I-REC Standard and is a member of the I-REC Standard Board. It is a not-for-profit association that aims to empower electricity buyers to make renewable consumption choices globally. The I-REC Standard does not have a role in the buying and selling of renewable electricity, but is an enabler to facilitate trade among consumers, traders, brokers, electricity suppliers, electricity generators and national governments.

ECOHZ is currently developing a global portfolio of I-REC power plants, with the ambition of providing multinational companies a wide selection of options covering most regions in the world. 

Impact

I-RECs are a market-based instrument and an effective way to integrate renewable energy into a global sustainability strategy. Buying I-RECs demonstrates environmental leadership, sends a signal to the market that you prefer to consume renewable energy and shows your commitment to changing energy behaviour.

Regulation

Corporate stakeholders have increasing expectations about reporting the origin of the power consumed. They expect that companies report according to international standards, including CDP reporting and the Greenhouse Gas Protocol. The Greenhouse Gas Protocol Scope 2 Guidance features Guarantees of Origin, REC and I-REC as mainstream instruments for documenting and tracking electricity consumed from renewable sources.

Renewables in the energy mix contribute to SDG 7 and 13

SDG 7 SDG 13



Contact us if you are interested in renewable electricity documented with I-RECs.

Get in touch

or contact:

LINE RIISE JENSEN

Director Sourcing and Business Development

Impressive growth in the I-REC market – global Renewable Energy Certificates

The International REC (I-REC) Standard started off in 2014 to document and report that the energy you consume outside Europe and North America comes from renewable energy sources. The ambition was to bring renewable electricity tracking to parts of the world that did not yet have a national or regional solution in place. The first[…] Read more …

Power plant examples

It is now possible to buy electricity from renewable sources, documented with I-RECs, in an increasing number of countries around the globe

Agua FriaAgua Fria solar power plant in Honduras

Thanh Thuy Hydro Power Plant VietnamThanh Thuy hydropower plant in Vietnam

Brazil - Santos Wind PowerSantos windfarm in Brazil

Sungai Kerling Sungai Kerling hydropower plant in Malaysia

International REC Standard (I-RECs)

custom

Impact products

ECOHZ provides a range of products with different levels of impact to contribute to several of the SDGs.

Custom choices

ECOHZ BLUE POWER

Meets latest environmental EU standards – protects rivers, flora and fauna.

ECOHZ Local Impact

Contributes to build renewables in your local society.

ECOHZ INVESTMENT GUARANTEE

The electricity comes from a producer with capital capital investments in new capacity.

RENEWABLE ENERGY MATCHING

The renewable energy consumption is matched with the production from the same period.

POWER PLANT RESERVATION

Own pool of power plants to document your renewable energy consumption.
label

Ecolabels

Consume renewable energy meeting requirements of specific standards or ecolabels. Buy Energy Attribute Certificates (EACs) from power plants that meet stricter environmental standards and are verified by an external auditor. Choose between national or international ecolabels and standards, document the age and type of the power plant, technology and unique operational focus, and raise funds for renewable energy projects.

EKOENERGY

International ecolabel for renewable electricity with strict criteria for environmental impact, and that directs funds to new renewable energy projects

BRA MILJÖVAL

Swedish ecolabel with strict environmental criteria

OK POWER

German ecolabel for renewable electricity from new or upgraded power plants

TÜV NORD A75

A German ecolabel promoting energy from new power plants

TÜV SÜD – EE01

German ecolabel for renewable electricity from new power plants, with a mix of technologies and fund allocation

NATUREMADE STAR

Swiss ecolabel with strict environmental criteria

GREEN-E® ENERGY

Green-e is North America’s leading certification program for renewable energy.