World renewable company appoints EPRA to challenge certification in Kenya
The Energy and Petroleum Regulatory Authority (EPRA) has been appointed because the official native issuer of the International Renewable Energy Certificates (I-REC(E)).
The appointment by the International Tracking Standard Foundation (I-TRACK Foundation) follows an intensive assessment of EPRA’s experience by the I-REC workforce.
EPRA will now take over this position from the Green Certificate Company (GCC). In its new capability, the Authority will examine vitality technology amenities throughout Kenya to confirm that the 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 the complete 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.
I-REC(E) certification conforms to Kenya’s ambitions underneath the Paris Agreement and the Sustainable Development Goals (SDGs), notably SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
Green traders require renewable vitality venture firms to hunt an I-REC certificates to affirm their clear vitality standing, which opens a leeway for firms to entry affected person and inexpensive funding for quicker venture implementation.
