Technology of Renewable Energy Certificates (RECs)

A Brief Summary Report | December 2023

Introduction

Electricity generation from clean energy technology is becoming more & more popular around the world, both in the household and industrial sector. The production of such electricity not only promotes grid sustainability but it also supports corporations that need to use clean energy. This can be purchased through Renewable Energy Certificates (RECs) to compensate for greenhouse gas emissions from electricity use or to reduce Scope 2 carbon footprint.

What is REC? (Renewable Energy Certificates)

“ 1 REC = 1 MWh of green electricity ”
Renewable Energy Certificates (RECs) are a tracking mechanism for renewable energy. It is a tradable instrument that represents the right to the green attributes of electricity generation.

Key Questions

Number One Icon

What kind of technology are RECs produced from?

Number Two Icon

Which technology should you choose for your company’s goals?

Number Three Icon

What are the differences between purchasing RECs produced from different technologies?

1. What kind of technology are RECs produced from?

In 2023 , the technologies that are accepted in electricity production required for purchasing Renewable Energy Production Certificate (REC) in Thailand are:

Solar

Wind

hydropower

biomass

Technology RECs BESS REPT Renewable ZTT

If you choose to purchase Renewable Energy Certificates certified by I-REC, you can be sure that there is no double counting, and all technologies can be used to claim the use of renewable energy.

RECs

2. Which technology should you choose for your company’s goals?

If your organization or trading partners are members of RE100, prefer best practice technologies and express a desire to purchase RECs:

GMS Solar recommends choosing to purchase RECs generated from solar and wind energy technologies as these technologies have been directly endorsed by the RE100 association.

If you are an organization that is starting to do a sustainability report & want the most cost-eective REC:

GMS Solar recommends considering the purchase of RECs generated from hydropower & biomass energy technologies. These options often present the most aordable REC prices while still contributing to your clean energy objectives.

3. What are the dierences between purchasing RECs produced from different technologies?

Factor

REC Energy Type

Solar

Wind

Hydropower

Biomass

Verified by I-REC , Issued by E-GAT (Electricity Generating
Authority of Thailand)

Claiming the right to
use clean energy

Accepted by
the RE100 Association

*

*

Most cost-effective

Remark

*The RE100 Association solely accepts cases of “Sustainable Hydropower” or “Sustainable Biomass”

Knowing the Differences Between Each Technology

How RECs Work solar BESS REPT Renewable
How RECs Work icon wind
How RECs Work icon hydropower
How RECs Work icon biomass

Summary

Renewable Energy Certificates (RECs) acquired from Solar, Wind, Hydropower & Biomass Energy Technologies can be utilized to assert the right to use clean energy. The choice of purchase depends on the specific objectives & goals of each organization.

In light of these trends, our company recommends diversifying the purchase of RECs from various energy sources in your portfolio to support a balanced and sustainable electricity project for your company. If your organization is committed to utilizing clean energy, GMS Solar is delighted to offer guidance on the purchase of RECs, whether to offset greenhouse gas emissions from electricity use or to reduce Scope 2 Carbon Footprint, contributing to the overall sustainability of your organization

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GMS Interneer

www.gmsinterneer.comOil&gas equipment trading since 2002
Established in 2002, we are proud to be able to introduce the world-class oil&gas equipments to Thai Exploration and Production Industry. As an integral part of the supply chain, the industry supplies gas to fuel 70% of Thai electricity generation, enhancing Thailand growth.

GMS Solar

www.gmssolar.com – Solar equipment trading for commercial users
GMS Solar was established to accelerate Thai corporate’s goal of Carbon Neutrality and the road to NetZero. With more than 20 years of experience in the Thai energy sector. We are now ready to be a part of Greater Mekong Subregion’s green energy transition.

REC Thailand

www.recthailand.comThai Renewable energy certificate trader and broker
REC Thailand, a service under GMS Solar specialises in Thai REC trading of all technologies.

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