Adjustments to I-REC(E) Holding/Redemption Fees
Following the publication of the 2025 Fees for I-REC(E) on 1 October 2024, this notice from the International Tracking Standard Foundation (I-TRACK Foundation) and Evident contains adjustments to both the application and language of the fees. These adjustments respond to feedback from market participants and reflect both parties’ commitment to balancing the needs of effective […]
Myanmar approved for I-REC(E) issuance
The I-TRACK Foundation Board has approved Myanmar for I-REC for Electricity [I-REC(E)] issuance. Approval came after the submission of a country report detailing various aspects of the electricity generation market, including a review of supporting documents and commercial structures, and confirmation of interest in introducing I-REC(E) to support further renewable energy development in the country. […]
The Energy and Petroleum Regulatory Authority approved as I-REC(E) Issuer in Kenya
The I-TRACK Foundation Board has approved the Energy and Petroleum Regulatory Authority (EPRA) as the local I-REC(E) Issuer in Kenya. The Energy and Petroleum Regulatory Authority Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has been approved as the local Issuer of I-REC(E) in Kenya. The EPRA is responsible for economic and technical regulation of the […]
Successful Audit of Evident as Code Manager for the Electricity Product Code
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) has successfully audited Evident Ev Ltd (Evident), the Code Manager of the Electricity Product Code for I-TRACK(E) / I-REC(E), against the International Attribute Tracking Standard (Standard). An independent, third-party consultancy firm, Barnebies, was commissioned to perform the following activities of the audit: – Generate and […]
Nepal approved for I-REC(E) issuance
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) Board has approved Nepal for I-REC for Electricity issuance. Approval came after the submission of a country report detailing various aspects of the electricity generation market, including a review of supporting policies, and confirmation of interest in introducing I-REC(E) to support further renewable energy development […]
Launch of the residual mix dashboard for all I-REC(E) markets
Following last year’s publication of the methodology, the residual mix for all countries in which I-REC(E) is available is now published on our website and will be updated yearly. What is a residual mix? A residual mix is a country’s generation mix minus the issued Energy Attribute Certificates (EACs) of a specific vintage, such […]
EMSTEEL and Masdar announce use of Hydrogen Code Pilot Accredited by I-TRACK Foundation
In a recent article, “EMSTEEL and Masdar Announce Success of Pilot Project Using Green Hydrogen to Produce Green Steel”, the UAE’s largest steel and building materials company, EMSTEEL and Abu Dhabi Future Energy Company PJSC, Masdar, announced the successful commencement of a pilot project establishing the use of certified hydrogen to produce steel – the […]
I-REC and I-TRACK Certificates: Understanding the difference
What are I-REC and I-TRACK Certificates? An I-REC and an I-TRACK Certificate are Energy Attribute Certificates (EAC) issued in line with the I-TRACK Foundation’s Accredited Electricity Product Code, and they both represent the environmental attributes of the generation of a one-megawatt hour (MWh) of energy produced. I-REC(E) vs I-TRACK(E) An I-REC (International Renewable Energy Certificate) […]
Clarification of Requirements under India’s Renewable Purchase Obligation
Overview The International Tracking Standard Foundation (I-TRACK Foundation) follows the laws and regulations of national actors in all markets with Accredited Market Facilitators. During the course of transitioning local issuance responsibilities for I-REC(E) in India from the Green Certificate Company (GCC) to ICX, the I-TRACK Foundation was provided a more precise interpretation of recent policy […]
Invitation to participate in the consultation on enhanced market transparency services
Evident, the I-REC(E) Code Manager and Registry Operator, is conducting a consultation on the Enhanced Market Transparency Services. Evident is committed to creating a more efficient and transparent I-REC(E) ecosystem, but they need your input to inform their direction. Over the past two years, Participants, Beneficiaries, and Registrants have voiced challenges in connecting with potential […]