Renewable Energy Certficate (RECs)

ASIARECS, Your Partner Towards Net Zero Emissions

Why Engage Us?

Hassle Free

Help to source, procure, hold and redeem
RECs on your behalf

Your Budget

Help to manage any RECs quantity
according to your budget

Within Asia

Support organization who have several business operations by sourcing RECs for each country

Unbundled RECs

Save money by unbundled RECs
from electricity supply

Transparent

Transparent in our RECs status of
Country, Technology, Vintage

Lock-In

We can lock-in price for your
organization future RECs demand

What is Renewable Energy Certificates (RECs)

Renewable Energy (Solar, Wind, Hydro, Geothermal & etc) generated can be registered to become Renewable Energy Certificate (REC) through Internationally Recognized Registry.

It is a type of Energy Attribute Certificate (EAC).

1 MWh Renewable Energy can be converted to 1 Renewable Energy Certificate (REC).

In Asia, I-REC & APX TIGRs are the registry that internationally recognized and accepted for registering renewable energy generator & issue renewable energy certificates (RECs) to be traded.

Meanwhile T-REC for Taiwan, J-Credit for Japan, GEC of China are national based.

Part of RE100, Science Based Targets (SBT), LEED, Green Mark Certification and Others Initiatives

If your organization is part of different initiatives, then you would need to comply with the local initiatives rules.

Example, under RE100, you are required to purchase local renewable energy certificates (RECs) for your local energy consumption to offset Scope 2 emission.

In Singapore, with SS673 generally you can purchase Southeast Asia RECs to offset Scope 2 Emission due to scarcity of Singapore RECs.

Let us know you are part of which initiatives and we will provide you with relevant renewable energy certificates (RECs).

Why Company Buy RECs?

Companies purchase RECs in order to offset their Scope 2 emissions where consist of energy consumption for offices, factory or any other premises.

It is to achieve Sustainability Goal Scope 2 Emission on Renewable Energy.

It is part of corporation’s environmental, social and governance (ESG).

Energy purchased from Electricity Retailer mostly are brown energy. So, you can buy and redeem RECs separately to achieve your sustainability goal.

Once redeemed, this RECs will not be transferred to anyone.

From there, these RECs can be included in your sustainability report of supporting Renewable Energy and offset Scope 2 emission.

How is a Renewable Energy Credit Created?

A renewable energy credit is created when a renewable energy source creates one megawatt-hour (MWh) of electricity and transmits it to the grid. For example, if a wind power station generates 5 MWh of electricity, it has five credits to retain or sell. If you or your business purchases those credits, you are purchasing the “renewable” element of the wind farm’s power, and you may claim that 5 MWh of your electricity originated from a renewable source.

A renewable energy credit that has been sold cannot be acquired again. All renewable energy credits are uniquely numbered and often include information such as where they were created, the sort of renewable resource they originated from, and the generation date. The transaction of RECs is tracked and documented.

What is the Difference between Renewable Energy Credits and Carbon Credits?

There are some differences between carbon credits and renewable energy credits. To encourage the use of green energy, renewable energy credits show the environmental effects of one megawatt-hour of power produced from renewable sources. Tracking and rewarding the use of renewable energy, renewable energy certificates (RECs) are measured in units of electricity and can be used in both voluntary and enforcement markets.

And carbon credits, which are measured in metric tonnes of carbon dioxide equivalent, are won by doing projects that get rid of or lower greenhouse gas pollution. More than just green energy projects, reforestation, and energy saving are covered by these benefits. While carbon credits are traded on carbon markets, they offer cash rewards for actions that help lower greenhouse gas emissions generally. Carbon credits cover a wider range of actions that aim to reduce climate change by lowering carbon loads, while renewable energy certificates (RECs) focus on using green energy.

What are the Benefits of Buying Renewable Energy Certificates (RECs)?

Renewable Energy Certificates (RECs) are traceable as they have a unique serial number that may be used to validate claims and ensure that they are only sold and redeemed once
Supports the renewable energy market by signalling the need for increased renewable energy generation
Encourages the production of renewable energy that emits no greenhouse gases from fossil sources
Reducing your carbon footprint
Utilise renewable energy without having to pay for solar panel installation.
Showcasing a company’s dedication to environmental responsibility through the incorporation of renewable energy into its energy portfolio.

How to Offset Scope 2 Emission

Scope 2 Emission is the indirect greenhouse gas emissions associated with the purchase of electricity, heat, or cooling. It is very straightforward to offset Scope 2 emission by using RECs compared to carbon offset.

All you need to do is check your electricity bill to see how much energy (KWh or MWh) been used.

Then, purchase the equivalent amount of RECs (1 REC = 1 MWh).

Lastly, redeem the renewable energy certificates (RECs) to proof. Now, you can claim to support renewable energy in your sustainability report.