Global Renewable Company Appoints Energy Regulator To Challenge I-REC(E) Certification In Kenya

The International Tracking Standard Foundation (I-TRACK Foundation) Board has appointed  Energy and Petroleum Regulatory Authority ( EPRA) because the official  native issuer of the International Renewable Energy Certificates I-REC(E). This bestows on the Authority a brand new function of inspecting vitality era services throughout Kenya to confirm electrical energy generated is from renewable sources.

Speaking on the approval, EPRA Director-General Daniel Kiptoo mentioned the milestone aligns with the Authority’s mandate of main the cost of Kenya’s journey to full realisation of renewable and sustainable vitality by 2030. An organization with an I-REC(E) certificates receives beneficial investor consideration as their operations are deemed eco-friendly in keeping with ESG objectives.

“Kenya is on the cusp of achieving 100 percent renewable energy electricity generation which currently stands at 80.04% percent contribution to the energy mix. We have remained steadfast in harnessing energy from renewable energy sources. Geothermal energy stands at 26.37 percent, interconnected solar PV systems (12.38 percent) and wind energy contributed 12.19 percent. The trajectory towards renewable energy is expected to persist as more power projects are completed and connected to the grid from geothermal sources,” he mentioned.

EPRA’s appointment follows a rigorous evaluation of its skilled capabilities by the I-REC group which is able to see it(EPRA) take over the brand new function from the Green Certificate Company (GCC).

I-REC(E) certification is in conformity to Kenya’s ambitions beneath the Paris Agreement and the Sustainable Development Goals (SDGs), significantly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).

Green traders require that renewable vitality mission corporations to hunt an I-REC certificates to affirm their clear vitality standing . This opens a leeway for corporations to entry affected person and inexpensive funding for quicker implementation of initiatives.

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