ACP Green Energy: A Trusted Partner in International I-REC Solutions

ACP Green Energy is currently in the process of registering with Evident, aiming to become an official member eligible to trade and exchange I-REC certificates in the international market. This is a crucial step to position ACP as a bridge, helping Vietnamese businesses achieve their sustainability goals and reduce carbon emissions.

What is I-REC, and why do businesses need it?

The International Renewable Energy Certificate (I-REC) is a globally recognized certificate that verifies a specific amount of electricity has been generated from renewable energy sources such as solar, wind, hydro, and biomass. For every 1 MWh of renewable electricity produced, one I-REC certificate is issued. These certificates allow businesses to:

• Demonstrate their commitment to using green energy.
• Meet Environmental, Social, and Governance (ESG) criteria.

Global corporations, especially those in export industries, are increasingly utilizing I-REC to:

• Reduce their carbon footprint.
• Comply with international partners’ and clients’ standards.
• Enhance brand value through sustainability commitments.

Sources of Renewable Energy for I-REC Issuance

I-REC can be issued from various renewable energy sources, including:

• Solar energy: Generated from rooftop solar systems or solar farms.
• Wind energy: Produced by onshore and offshore wind turbine projects.
• Hydropower: Particularly from small and medium-sized hydropower plants.
• Biomass energy: Derived from agricultural by-products or organic waste.

I-REC Registration Process

Registering for I-REC requires detailed preparation and adherence to international standards. The process includes:

1. I-REC account registration:

1. • • Businesses must register an account on the management platform (Evident).
     • Required documents include a business license, project images, location (via Google Maps), and related materials.
2. Power plant validation:
   • • The project must be inspected and verified to meet I-REC technical standards, such as connection diagrams, electricity operation permits, and power purchase agreements.
3. Connection with metering systems:
   • • Establish an accurate metering system to measure electricity generated from renewable sources.
4. I-REC issuance:
   • • Once validated, the renewable electricity produced is converted into I-REC certificates.
5. Trading I-REC certificates:

• Businesses can trade I-REC on commercial platforms or directly with international partners to meet sustainability requirements.

Participants in the I-REC System

The I-REC system plays a crucial role in connecting renewable energy producers and businesses seeking green energy, contributing to global sustainable development:

• Renewable energy suppliers:
  • Power plants using renewable energy such as hydro, wind, and solar.
  • Rooftop solar systems for households and large-scale businesses.
• Renewable energy users:
  • Industrial plants and supply chains aim to reduce their carbon footprint.
  • Data centers and corporate offices require sustainable energy sources.
  • Businesses in transportation, aviation, mining, and petrochemicals committed to meeting ESG standards.
• ACP Green Energy – A Reliable Partner in Vietnam:
  • Internationally recognized for reliability and transparency.
  • A connection hub for hydropower and solar power projects in Vietnam, ensuring a stable supply of renewable energy.
  • Offers comprehensive solutions, from account registration assistance to effective I-REC management.

ACP Green Energy proudly partners with businesses on their journey to adopt renewable energy, helping them achieve sustainable development goals and contribute to environmental protection.

ACP Green Energy – Comprehensive Solutions for Businesses

As a trusted partner for hydropower and solar power project investors in Vietnam, ACP Green Energy provides an all-in-one solution for businesses seeking to register and trade I-REC:

• Expert consulting: Support throughout the registration process, from document preparation to certificate issuance.
• Direct connections: Serve as a bridge to international organizations, ensuring swift validation and approval of applications.
• Cost and time efficiency: Leverage our experience and extensive network to optimize the process, saving businesses time and costs.
• Tailored solutions for all scales: From small hydropower plants to large solar farms, ACP offers customized services to meet the unique needs of each client.

ACP Green Energy is proud to be a strategic partner in Vietnamese businesses’ sustainable development journey, helping them solidify their position and value in the international market. Contact us today for the best consultation and support!