TGC-1 PJSC begins selling “green” certificates according to I-REC international standard

TGC-1 PJSC announced a public inquiry for the purchase of “green” certificates according to I-REC international standard. Offers will be accepted from November 8 until November 25, 2021. The initial (minimal) I-REC certificate price for 1 MW*h totals RUB 50.00 (excluding VAT). Complete terms and conditions for a price public inquiry and offer parameters are indicated at Gazprombank electronic marketplace.

I-REC certificate is issued for actual power production from the renewable energy sources. It promotes the positive environmental and social outcomes of such a manufacturing system — decrease of CO₂ emission and volume of waste, as well as smaller damage to the environment and human health.

In 2021, TGC-1 PJSC joined the international renewable energy accounting standard developed by the I-REC Standard Foundation as a renewable energy company. Now it is entitled to issue I-REC certificates for the volume of electric power produced at the HPP attested and registered in the Goal 7 Power Markets Participants Association.

During the public inquiry for the purchase of I-REC certificates and further conclusion of the certificate sales agreement, TGC-1 guarantees its consumers that the issued I-REC certificates will not be subject to the analogous sales agreements for electric power generated by renewables in order to verify the positive environmental effects.

Reference

The I-REC Standard Foundation is an international non-profit organization which developed and introduced an international system of green power attributes tracing. I-REC certificate (the so-called “green” I-REC certificate) is a document confirming that 1 MW*h of power was produced from the renewable sources.

I-REC certificates correspond to the main international voluntary initiatives, such as GHGP, CDP, RE100 etc.

TGC-1 PJSC (part of Gazprom Energoholding Group) is the leading producer of electricity and heat power in the Northwest of Russia. The manufacturing complex comprises 40 HPPs with the total capacity of 2,863 MW and the output of 12–13 billion kW*h per year in three constituent entities of the Russian Federation: the Republic of Karelia, Leningrad Oblast and Murmansk Oblast.