PJSC Enel Russia announces launch of sales of international green I-REC certificates

PJSC Enel Russia starts selling international green I-REC certificates. The company is granted the right to issue them having been accredited by the international I-REC association. A prospective buyer, a legal entity or an individual, have an opportunity to apply for the purchase of the certificates online. For this reason, a corresponding tab page is available on the website of Enel Russia.
 

International green certificates are one more testament to the value that the renewable energy represents. Today we can see an increasing demand for such certificates by the energy consumers who want to run a responsible and sustainable business. Being a generating company, we welcome this initiative and we are ready to take part in creating comfortable conditions for the gradual formation of a new ecosystem facilitating electrification and decarbonization.

- Stephane Zweguintzow, General Director of PJSC Enel Russia

 

An I-REC certificate is an entry in the I-REC register about the fact that electricity is generated by a certain renewable energy source registered in the I-REC register. The I-REC certificates are issued at the request of the Russian generating companies. These companies sell their green certificates to intermediaries (traders) or end-users - production companies and individuals who wish to obtain confirmation of full or partial use of RES electricity by redeeming these certificates against the electricity consumed. A generating company has the right to issue certificates only for the volume of the renewable electricity actually produced. A certain nominal value in kilowatt-hours is stipulated in each certificate, and an owner of the certificate redeems this value as the electricity is used.

In May 2021, Enel Russia commissioned its first wind farm (Azov wind farm (90 MW)) in the Rostov region, thus launching production of its first "green" electrons. Currently, the company continues to construct one more wind farm - Kolskaya wind power plant (201 MW) in the Murmansk region, the largest wind farm beyond the Arctic Circle in Russia.