Background:
Power producers in Thailand are increasingly acknowledging the essential role of renewable energy in reducing greenhouse gas emissions and advancing sustainability. In response, a variety of renewable energy power plants, including solar, wind, biomass, and other technologies, have been established to generate electricity and support the Thai national power grid. Green and Blue Planet Solutions Co., Ltd. (GBP) has introduced a mechanism for the registration and trading of Environmental Attribute Certificates (EACs), known as International Renewable Energy Certificates (I-RECs). This mechanism not only enhances the value of renewable energy production through the trading of I-RECs but also enables electricity consumers to claim their use of renewable energy by purchasing I-RECs. Furthermore, the trading of I-RECs fosters future investments in the expansion of renewable energy power plants, thereby supporting ongoing growth and sustainability in the sector.
GBP collaborates with a diverse range of renewable energy power producers to facilitate the application for I-RECs. GBP manages renewable energy power plants distributed across over 20 provinces in Thailand, with a combined installed capacity of 170 MW. These power plants are capable of generating and issuing approximately 1,000,000 MWh of renewable energy annually, which is equivalent to 1,000,000 I-RECs.
Our Approach:
GBP provides comprehensive, one-stop services for I-RECs. Our services cover the entire I-REC process, including the power plants registration, certificate issuance, trading, and the facilitation of renewable energy claims. We begin by consulting renewable energy producers, preparing the required documentation, and registering on the I-REC trading platform. Certificates are issued to accredited entities in accordance with I-REC standards, based on the actual amount of electricity generated. Furthermore, GBP also offers competitively priced I-RECs for clients aiming to substantiate their renewable energy claims. We ensure efficient distribution of I-RECs by power producers and support accurate claims of renewable energy consumption by end users.
Our Value:
GBP possesses in-depth expertise and a thorough understanding of the I-REC system, positioning us advantageously in the high-demand and high-value I-REC trading market. This expertise enhances revenue opportunities for renewable energy power plant businesses. Moreover, the sale of I-RECs not only fosters the adoption of renewable energy but also contributes to the reduction of greenhouse gas emissions, enhancing the environmental responsibility of organizations that claim renewable energy usage. GBP manages the documentation and procedures related to the registration, issuance, and trading of I-REC, enabling clients to concentrate on operating their businesses efficiently.
