Due to size, structure, ownership or other reasons, a company’s own facilities may not be able to fulfill their renewable energy commitments, even with on-site renewable energy projects. Green power certificates (RECs) help them go beyond such physical limitations and buy green attributes from off-site sources.
China launched a state-backed REC market on July 1st, 2017, to exchange RECs generated from utility-scale wind and solar farms.
Beside help clients understand the details of the government REC market, Seeder is also working with partners to bring international proven REC standard and procedures to China’s distributed solar market.
- Unlike utility-scale projects in western China, distributed solar projects face no curtailment risks and are close to multinationals’ facilities in eastern regions;
- This REC product offer rigorous verification and accountability measures. Once a REC is claimed and retired, it cannot be counted again.