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Meet Your Corporate Sustainability Goals with Renewable Energy Certificates (RECs)

Meeting stakeholder expectations around sustainability can be a challenge, especially if you’re trying to balance an effective energy management plan. Renewable Energy Certificates (RECs) allow you to start reporting your commitment to decarbonization quickly, but do they make sense for your organization? Weighing renewable energy options can be time-consuming and complex. That’s where our experts come in.

Our renewable energy experts will help you understand the benefits and limitations of RECs and guide you through the process, acting as an extension of your team. 

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What Are Renewable Energy Certificates (RECs)?

Renewable Energy Certificates (RECs) are the underlying mechanism for claiming consumption of renewable energy. RECs support decarbonization compliance and can help you reduce your Scope 2 emissions with best-in-class practices through global accounting and reporting, bolstering renewable energy development, and relieving pressure from your shareholders. These internationally-recognized certificates support compliance by: 

  • Adhering to global accounting and reporting frameworks
  • Bolstering renewable energy development
  • Relieving pressure from your stakeholders

Also known as other schemes around the world, RECs are internationally recognized, tradable instruments which prove that electricity has been generated from solar, wind or another renewable source. Each REC represents the environmental benefits of 1MWh of renewable energy generation.

 

How Renewable Energy Certificates Work

Renewable Energy Certificates allow any end-user to claim the consumption of the associated renewable energy. Traceable, unique & unduplicable, RECs provide assurance as to the origin of electricity.

RECs have different names around the world:

  • Energy Attribute Certificates (EACs) globally
  • Guarantees of Origin (GOs) in Europe
  • Renewable Energy Guarantee of Origin (REGOs) in the United Kingdom
  • International Renewable Energy Certificates (I RECs)
  • Tradable Instruments for Global Renewables (TIGRs) in many other parts of the world
  • J-Credits and Non-Fossil Certificates (NFCs) in Japan
  • And several other kinds of national schemes

 

Benefits of Renewable Energy Certificates

RECs are a cost-effective and adaptable way to reduce your organization’s carbon footprint and achieve your sustainability goals. An REC beneficiary can claim the use of renewable energy and its associated environmental benefits. It can also demonstrate their commitment to renewable energy generation while stimulating the development of renewable power projects worldwide. Renewable Energy Certificates offer:

Immediate action

Immediate action

A fast and reliable way to reduce Scope 2 emissions, with precise visibility on the impact of your company’s action.

Dependable tracking

Dependable tracking

Most reliable way to track and claim the renewable attributes associated with energy production.

Low risk

Low risk

Less exposure to the volatility of power prices means lower financial risk and better visibility on final costs.

Empowered choice

Empowered choice

Provides greater variety and transparency in selecting a renewable energy source.

Proof of Sustainability Agenda

Proof of Sustainability Agenda

Signals pro-active support of renewable energy technologies and their advancement.

Are Renewable Energy Certificates right for you?

RECs might work well as one of the elements in your overall energy management and sustainability planning, especially if you are focused on Scope 2 emissions or want immediate impact. An experienced partner can help you decide. Whether you want to get started with decarbonizing your business or your current sustainability plan is falling short, the energy experts at World Kinect can help determine if RECs are right for your organization. After hearing your goals and priorities, our renewable energy experts will assess the impact RECs and/or other renewable energy solutions could have on your organization.

If RECs don’t meet your organization’s needs, fear not. Our renewable energy experts can help identify the right decarbonization solutions for you and are glad to share information and insights they’ve gained over many years and engagements.

Contact our renewable energy team to explore your options.

 

tme logo

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RECs + social impact = TrackmyElectricity.com

Choose where and which renewable Power Plants your RECs come from with our proprietary platform, TrackmyElectricityTM. Hundreds of our global solar, wind, and hydro (and more) generation partners are presented in one place, giving you visibility on EXACTLY where and how your renewable power is generated.

You can also choose to go one step further to make a direct, additional impact through TME projects. These projects are managed by our trusted partner NGOs, and they focus on eliminating energy poverty in remote, off-grid areas through new renewable projects.

TME package includes:

  • Featured electricity generation facilities across the globe
  • Projects and partnerships with NGOs for electrification in remote areas
  • Tailor-made customer web pages featuring all your electricity sources
     

Not sure where to start your renewable journey? Ask about our Renewable Energy Strategic Assessment which can help determine which solution would work best for your business.

 

We Tailor Renewable Energy Certification Strategies to Your Needs

Our energy experts delve into the details of energy markets and solutions so that you don’t have to. When purchasing Renewable Energy Certificates, the right partner makes all the difference.

We tailor our services to your needs, by offering a full suite of services from Renewable Energy Certificate strategy definition to implementation. We cover all aspects of the REC life cycle, including reporting and management. This provides you with a global overview of your renewable energy consumption from any source: unbundled REC purchases, supplier programs, VPPAs and on-site installations. In addition, by contracting with us, you ensure that you’re partnering with a sole, reliable counterparty.

Our dedicated global Renewable Energy Certificate team has direct market access to RECs in any country where they are available. This includes the following types of RECs:

  • Energy Attribute Certificates (EACs) globally
  • Guarantees of Origin (GOs) in Europe
  • International Renewable Energy Certificates (I-RECs) in many parts of the world
  • Tradable Instruments for Global Renewables (TIGRs) mainly in Asia
  • Renewable Energy Guarantees of Origin (REGOs) in the United Kingdom
  • J-Credits and Non-Fossil Certificates (NFCs) in Japan

World Kinect’s energy specialists are with you from beginning to end. We can help you navigate the challenges of identifying and securing the best EACs to meet your sustainability needs.

 

How can we help you with RECs?

Get in touch with us.