Monsoon Carbon has registered a solar power plant in Kenya under the International Attribute Tracking Standard (formerly the I-REC Standard), marking the first I-REC project in the country.
This continues Monsoon’s mission to make I-RECs supply available across emerging markets, adding to our existing network of supply across Uganda, South Africa, Cambodia, Bangladesh and more.
Companies in Kenya can now Purchase I-RECs!
The project is now generating solar I-RECs available for purchase, enabling companies in Kenya to certify their consumption of renewable electricity and reduce their climate impact.
The average annual issuance is 100,000 I-RECs.
Benefits of this I-REC Project
This project helps meet Kenya’s growing energy demand and provides electricity to underserved areas.
It supports the goal of a 100% renewable electricity system by 2030, reducing greenhouse gas emissions.
The project also empowers local communities through employment opportunities and scholarships, contributing to SDGs 7 (Clean Energy), 13 (Emissions Reductions), 8 (Job Creation), and 4 (Quality Education)
About RECs
A REC is evidence that a unit of electricity was generated from a renewable source. RECs are issued and purchased on the basis that one certificate represents one megawatt hour of renewable electricity.
These certificates are purchased and retired to reduce a company’s Scope 2 emissions. Outside of the EU and the US, the most common standard for RECs is the International Attribute Tracking Standard (formerly the I-REC Standard).
Purchasing I-RECs is a cost-effective way to reduce a company’s carbon footprint. For the owners of renewable energy projects, I-RECs reward a project for the environmental attributes of the power they generate. This incentivises the replacement of non-renewable power and supports the transition to clean, renewable national grids.
You can read more about RECs here, or use the contact form below to get in touch with us about I-RECs.
