• Off-Site Clean Power Purchase

    Directly purchase renewable energy at cost-effective rates, by purchasing power from either a renewable project directly or a traditional power plant and adding on renewable energy credits/certificates.

WHAT IS IT?

  • Direct contracts signed between generators and corporate consumers (normally within province)
  • Power can be from renewables, coal, or a mix
  • Consumers and generators need to be included in a government-designated list to transact in the provincial transaction centers

PROS & CONS

  • Bilateral contracts are straightforward for consumers to claim ownership
  • Hard to identify/arrange generation resources
  • Require knowhow to negotiate contracts
  • May be difficult for corporations to be included in government catalog

OUR SERVICE

  • Feasibility studies and setup transactions to allow corporations to purchase renewable power directly
  • Pair your purchase with international or China’s renewable energy certificates to increase accountability

How it works

Renewable Energy Certificates

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.

In September 2016, Apple used RECs to verify its renewable energy purchases in Singapore, from solar panels atop more than 800 buildings.

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