As businesses worldwide face increasing pressure to adopt renewable energy, International Renewable Energy Certificates (I-RECs) have emerged as a powerful tool for Commercial and Industrial (C&I) power buyers. I-RECs allow businesses to track and claim renewable energy usage, even when direct access to clean power sources is limited.
This guide breaks down I-RECs, how they work, their benefits, and how they help businesses meet sustainability mandates efficiently.
What Are I-RECs?
I-RECs are globally recognized renewable energy certificates that prove electricity was generated from renewable sources such as solar, wind, hydro, and biomass. They serve as traceable proof that businesses are using clean energy, even if they operate in regions where direct renewable energy procurement is challenging.
How I-RECs Work
- Renewable energy is generated by a certified power plant.
- An I-REC is issued for each megawatt-hour (MWh) of electricity produced.
- Businesses purchase I-RECs to claim their renewable energy usage.
- I-RECs are retired once used, ensuring transparency and preventing double counting.
Why C&I Power Buyers Should Consider I-RECs
1. Compliance with Renewable Energy Mandates
Many countries and regulatory bodies mandate businesses to reduce carbon footprints. I-RECs help C&I power buyers meet sustainability goals without requiring on-site renewable infrastructure.
2. Carbon Reduction & ESG Targets
I-RECs contribute directly to corporate ESG (Environmental, Social, and Governance) strategies, demonstrating commitment to Scope 2 emissions reduction under global carbon accounting frameworks.
3. Cost-Effective Renewable Energy Adoption
Setting up solar or wind energy infrastructure can be expensive. I-RECs provide a flexible and cost-efficient alternative for businesses aiming to meet sustainability goals without capital-intensive projects.
4. Energy Attribute Tracking & Transparency
I-RECs are issued through a secure, standardized system that ensures transparency and accountability. This makes them reliable proof of renewable energy claims in sustainability reports and carbon audits.
5. Global Reach & Accessibility
For multinational corporations operating across multiple markets, I-RECs offer an easy way to standardize renewable energy procurement across locations without requiring complex infrastructure changes.
How C&I Businesses Can Leverage I-RECs
Step 1: Assess Your Energy Needs
Calculate how much electricity your business consumes and determine how many I-RECs are needed to meet your renewable energy targets.
Step 2: Purchase Certified I-RECs
Choose an authorized I-REC provider to buy certificates from renewable projects that align with your sustainability strategy.
Step 3: Report and Communicate Sustainability Efforts
Use I-RECs to report carbon reductions, enhance ESG performance, and communicate your renewable energy usage in corporate sustainability reports.
Step 4: Integrate with Broader Decarbonization Strategies
While I-RECs are a great tool, businesses can also explore on-site solar solutions, PPAs (Power Purchase Agreements), and energy efficiency initiatives for a comprehensive sustainability approach.
How Enerparc Energy Can Help
With extensive experience in renewable energy solutions, Enerparc Energy supports businesses in adopting I-RECs as part of their clean energy transition. Whether you need I-RECs procurement, on-site solar solutions, or end-to-end decarbonization strategies, we provide tailored solutions that align with your business goals.
Start Your Renewable Energy Journey Today
Looking to integrate I-RECs into your sustainability roadmap? Get in touch with Enerparc Energy to explore your options!
