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International REC (I-REC)

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WHAT IS I-REC?

International Renewable Energy Certificate (I-REC) is an unbundled Energy Attribute Certificate (like RECs in USA and GoO RECs
in Europe)

I-RECs are administered by the International REC Standard (I-REC Standard), the same body that develops Europe’s ~550
TWh/year renewable energy certificate scheme

- I-RECs are issued by specific agencies registered with the I-REC Standard for electricity generation from a renewable source
- Green Certificate Company (GCC) is the authorized issuer of I-RECs in India

I-RECs enable the purchaser to claim the environmental attributes of renewable energy by proving the renewable origin of
energy that is recognized internationally

Each I-REC represents 1 MWh of electricity produced by a renewable source of energy and has a unique ID associated with it
to prevent double counting, double issuing and double claiming of underlying attributes
2.
WHY I-RECs?
INTERNATIONAL RECOGNITION
I-RECs are recognized by all sustainability
reporting standards such as RE100, CDP,
GHG Protocol Scope 2 Guidance
FLEXIBILITY TO CHOOSE
I-REC purchaser has the flexibility to choose
the type of renewable energy source in an
easy, hassle-free and instantaneous manner
TRANSPARENCY
I-RECs are transparent and guarantee
renewable energy procurement via unique
trackable certificates, avoiding double
counting
I-REC REDEMPTION
I-RECs are traded and redeemed through I-
REC Registry which is administered by the
IREC Standard)
EASE OF USE
I-RECs are easier to administer in
comparison with short term Power
Purchase Agreements (PPAs)
COST-EFFECTIVE
I-RECs are cheaper than domestic RECs in
countries where renewable sources do not form
the majority of the energy mix and are on-par
with domestic RECs in countries with higher
renewable energy mix
3.
HOW I-REC WORKS?

I-REC VIDEO PROCESS FLOW

Renewable Device Registration I-REC Redemption

I-REC Issuance
I-REC Issuer

Monthly
Meter Reading

Electricity
Electricity delivered via
generated grid

Renewable
Energy Source Grid Consumer

Video Link
4.
REDEMPTION OF AN I-REC

Amplus would redeem the I-RECs on behalf of the

beneficiary

Upon redemption, I-REC certificate would be received from

the I-REC Registry, assigning the I-RECs attributed to the
beneficiary

The assigned I-REC can only be used by the beneficiary. It

mimics a bank transfer confirmation, with a unique id
assignment

This certificate ID is reportable to all sustainability reporting

agencies by the beneficiary and is accepted as best practice
by GHG Scope 2 Protocol, CDP, RE100

5.
GLOBAL BRANDS WHICH HAVE ADOPTED I-RECS

6.
I-RECs IN INDIA
Volume of I-RECs issued from November 2018 to August 2019: 784,059 MWh

7.
 THANK YOU

CONTACT DETAILS:

Level 6, Emaar MGF The Palm Square Ground Floor, Fern Bank, Jafza View 18 & 19, 1st Floor,
Golf Course Extension Road, Sector 66, #3 Rest House Road, Jebel Ali Free Zone,
Gurgaon 122102, Haryana, India. Bengaluru – 560001. Karnataka, India PO Box 262746, Dubai, UAE.
T: 0124 – 4554999 T:080 – 61314343
Ph: +971 502097245
Sales Tollfree: 1800-3070-8080

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