As the world moves towards reducing carbon emissions, I-REC certificates (RECS) have become more important than ever. These certificates are a tool for businesses to demonstrate their commitment to using green energy. In Vietnam, the I-REC market is growing rapidly, offering numerous opportunities for investors. However, to invest effectively, a thorough understanding of I-RECs is essential. Moreover, selecting a reliable supplier is crucial.

1. What is an I-REC?

An I-REC, or International Renewable Energy Certificate, is proof that a specific amount of electricity has been generated from renewable sources such as solar, wind, or hydro power. Owning an I-REC not only demonstrates a company’s environmental responsibility but can also provide tax benefits. This certificate not only represents a specific amount of electricity but is also a crucial part of driving new investments in the renewable energy sector. By owning an I-REC, you contribute to environmental protection and carbon emission reduction efforts.

2. Common Types of I-RECs

There are various types of I-RECs issued based on the renewable energy source they represent. Some of the most common types in Vietnam include:

• Solar I-RECs: Certify electricity generated from solar power systems.
• Wind I-RECs: Certify electricity generated from wind turbines.
• Hydro I-RECs: Certify electricity generated from hydropower plants.

When buying I-RECs, it’s essential to understand the unique characteristics and value of each I-REC type to make an informed decision. The issuance time of an I-REC is determined by the electricity generation time. For orders below 100,000 I-RECs, Alena Energy can deliver promptly.

The quantity of I-RECs to purchase is proportional to the company’s annual electricity consumption. For instance, to offset 300,000 MWh of electricity consumption, you need to purchase 300,000 I-RECs. Large corporations typically choose solar or wind I-RECs when purchasing I-RECs.

3. Benefits of Owning I-RECs

Owning I-RECs offers not only financial benefits but also contributes positively to environmental protection. Some of the notable benefits include:

• Cost reduction: I-RECs can reduce taxes or environmental fees in some countries, and help businesses meet export standards to demanding markets like Europe.
• Enhanced reputation: Owning I-RECs demonstrates a company’s commitment to the environment, enhancing brand image and attracting customers, partners, and investors.
• Investment opportunities: The value of I-RECs can increase over time, providing investment opportunities.
• Environmental contribution: Using I-RECs supports the development of renewable energy, reducing carbon emissions, and protecting the environment.

Contact us via Zalo OA for the most detailed advice!

4. Tips for Effective I-REC Purchasing

When entering the I-REC market, understanding the information and precautions is essential to optimize profits. Here are some important points to remember:

• Choose a reputable supplier: Select a supplier with certifications and a strong reputation among experts and large businesses.
• Verify information: Before purchasing I-RECs, carefully verify information about the certificate’s origin, issuance date, and value.
• Define investment goals: Clearly define your investment goals to develop an appropriate strategy.
• Monitor the market: Stay updated on news, reports, and analyses from industry experts to understand price trends and make informed investment decisions.

The I-REC market in Vietnam is experiencing rapid growth due to the increasing demand for renewable energy. However, the market still faces challenges that need to be addressed.

Alena Energy is proud to be one of the pioneers in providing I-RECs in Vietnam. With our experience and deep understanding of the market, we have made significant contributions to the development of the I-REC market in Vietnam. According to the latest report from the I-REC Standard Foundation, Alena Energy has supplied over 1.5 million Solar/Wind I-RECs annually, accounting for more than half of the total Solar/Wind I-REC redemption market in Vietnam.

The signing of the ERPA agreement with the World Bank has created new opportunities for the I-REC market in Vietnam. However, for sustainable development, the I-REC market needs a clear legal framework and effective monitoring mechanisms.

Contact us via Zalo OA for the most detailed advice!

As a leading provider of I-REC certificates in Vietnam, Alena Energy is committed to helping businesses achieve their sustainability goals through clean energy solutions and is now an official partner of the I-REC Standard.

Connecting directly to renewable energy plants in Vietnam, Alena Energy provides a diverse and abundant supply of I-RECs. Our strong partnerships with global RE100/ESG organizations, coupled with a robust distribution network, ensure swift and secure transactions. We are proud to serve as an official I-REC certificate provider for numerous multinational corporations, including Samsung, LG Display, BYD, Foxconn, and many more, solidifying our position as a trusted partner in the renewable energy sector.

5. Alena Energy – Your Trusted Partner

With experience and prestige, Alena Energy is a pioneer in providing I-RECs in Vietnam. We are committed to providing customers with:

• Guaranteed quality: I-RECs with clear and transparent origins.
• In-depth consulting: Our team of experienced experts will support you throughout the process.
• Comprehensive support: From consulting to reporting and other renewable energy solutions.

Let Alena Energy accompany you on your journey towards sustainable development!

Contact us via Zalo OA for the most detailed advice!

—
ALENA ENERGY TECHNOLOGY CO., LTD
Email: sales@alena-energy.com
Phone: 028-39262683
Hotline: 0813 185 186
Zalo OA: https://zalo.me/alenaenergy
Website: alena-energy.com
Address: 2G Nguyen Thanh Y, Da Kao Ward, District 1, Ho Chi Minh City