The I-REC Standard Foundation has been working with Chinese stakeholders and government authorities to ensure a fairer implementation of the I-REC(E) certificates in China. Following the I-REC Standard’s consultation for a change in issuance criteria of I-REC(E) in China (the results of which can be found in this report), the I-REC Standard Foundation Board determined the following rules for registration in China:
- Removal of the restriction on issuance in China, allowing SOE and non-SOE to participate on an equal basis. This will be effective immediately (June 15, 2021)
- Removal of the ability to issue I-RECs to generation facilities receiving FIT as of January 1st, 2023. This applies to generation facilities that are already registered in the I-REC registry to provide them with a reasonable transition period. For generation facilities that are receiving a FiT and are not yet registered, the new restriction applies effective immediately.
As an organization, the I-REC Standard Foundation is pleased to announce the first non-SOE device from Envision Energy has been registered in China via I-REC Services/Evident. The device registered is a 100MW wind farm in Hebei.
We look forward to the continued development of the renewable energy market in China and to working closely with the national authorities to ensure the I-REC market fits their will and desire for the broader electricity market reforms taking place in the country.
For more information on Envision, you can go to their website here.