Renewable Energy Certificates

Your partner in renewable energy sustainability.
Our Renewable Energy Certificates (RECs) are the key to unlocking a greener future.
Explore how RECs can empower your business or renewable energy assets.

What is REC ?

A Renewable Energy Certificate (REC) is a powerful proof of your commitment to clean energy. It represents the environmental attributes of one megawatt-hour (MWh) of electricity generated from a renewable source. RECs play a vital role in driving sustainability and reducing carbon footprints.

How Does it Work ?

The journey of a REC begins with the generation of renewable energy, be it from solar, wind, hydro, or other sources. These energy sources produce RECs as proof of their clean energy production. These certificates are then bought and sold to facilitate the transfer of clean energy attributes.

How Does RECs Work - Renewable Energy Certificates Page Image

Multiple Energy Sources

Our RECs cover a wide spectrum of renewable energy sources, each contributing to a sustainable future. Whether it’s solar panels glistening in the sun or wind turbines harnessing the power of the wind, our RECs are a testament to clean energy diversity.

What We Offer ?

Selling RECs

Are you a renewable energy asset owner looking to monetize your green attributes? With our REC services, you can:

Enjoy zero upfront costs and a hassle-free process.
Secure passive recurring income, enhancing your existing solar plant’s benefits.
Support the renewable energy market and improve accessibility to clean energy.

Sourcing for RECs

If your company aims to comply with ESG reporting and build a sustainable image, our REC services provide:

A pathway to reduce Scope 2 emissions and meet sustainability goals
A chance to showcase your company’s commitment to renewable energy
A strategy for reducing your carbon footprint without the capital expenditure on renewable energy facilities.

FAQ

What is the objective of the REC mechanism?

A market-based tool to support renewable energy and ease the integrity of renewable energy purchases is the renewable energy certificate (REC) mechanism.

How much does a REC represent?

One REC represents 1MWh of renewable energy generated.

Are there various kinds of RECs?

RECs are often divided into two groups: bundled and unbundled. Unbundled RECs are sold independently of the underlying energy, while bundled RECs are sold along with the corresponding energy that was produced. Renewable energy sources including sun, wind, and hydropower can be used to create any type of REC.

Why should I sell my RECs?

RECs are an essential component of your renewable energy source. In addition to encouraging and promoting investment in your plant, selling RECs will allow you to run your business with passive, recurring income. We at OpenRE provide a hassle-free REC selling experience.

Why should I purchase RECs?

Acquiring Renewable Energy Certificates (RECs) brings your business one step closer to reaching its sustainability objectives, supporting the green agenda, and improving its reputation for sustainability worldwide.

Are there any requirements to fulfil in order to sell RECs?

As long as you are not enrolled in the LSS program, you may sell Renewable Energy Certificates (RECs) in Malaysia if you own a solar plant or other solar rooftop asset. It is also permitted for other schemes to sell RECs, such as NEM, SELCO, and FiT. If you are unsure, contact us and we can assist you in confirming the credentials of your solar asset.

If I were to purchase RECs, how can I ensure that the source of energy is coming from renewable sources?

You will receive an internationally recognised certificate that proves the credentials of your renewable energy source.

How can I ensure that my REC is unique?

We use blockchain technology for our REC transactions because they involve physical items. Blockchain technology is a distributed ledger or database that is shared over numerous computer networks, making it impossible for transactions to be changed. A distinct serial number that is particular to each REC is generated. This will allow you to prove that you are the owner of every REC you buy.

How does a REC look like?

Is there a limit to the amount of RECs I can purchase? Depending on your sustainability goals, this. The majority of businesses normally buy RECs equal to or greater than their energy usage for the specific reporting year.

Ready to take the next step towards sustainability?
Contact us today for a consultation or request
 a quote to start your REC journey.