Renewable Power Generation Analyzed
Capital Market – Live News reports that 50,077 International Renewable Energy Certificates (I-RECs) were issued for renewable power produced by 10 MW plant. This plant, located in Bathinda, Punjab, India, used a biomass-fired boiler fueled by paddy straw. The I-RECs were verified using the globally accepted I-REC Standard, managed by Evident Ev, and traded through the International Carbon Exchange (ICX).
Key Points
- 50,077 I-RECs issued for Bathinda plant’s renewable energy.
- 10 MW plant produces renewable power using paddy straw.
- Verified by Evident Ev following the I-REC Standard.
- ICX facilitates trading within the International Carbon Exchange.
- Certificates linked to renewable energy generation volumes.
- Pro-rata issuance continues, reflecting future power output.
Background on I-RECs
International Renewable Energy Certificates (I-RECs) are a way to track and trade renewable energy. They show that electricity generated from renewable sources, like our Bathinda plant, is being used to reduce pollution. Think of them like a receipt – a proof that the electricity you use is actually coming from a clean, sustainable source.
Future Production
Moving forward, the company will continue to receive I-REC certificates based on the amount of renewable energy produced by its Bathinda plant. This ensures consistent validation and tracking of our commitment to sustainable energy practices.
Renewable energy verification through I-RECs demonstrates Capital Market’s environmental responsibility.
