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Many countries have established schemes to promote renewable energy consumption and projects.
Renewable Energy Certificates (RECs) are tradable, certificates that represent proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy source, such as wind, solar, or hydro.
In Europe, several schemes require or encourage the use of Guarantees of Origin (another name for RECs) to promote the generation and consumption of renewable energy. These schemes are integral to achieving the EU’s ambitious climate and energy targets.
The Guarantees of Origin (GO) system, mandated by the EU Renewable Energy Directive, is the primary mechanism for tracking and verifying the origin of renewable energy in Europe. GOs certify that a given amount of electricity has been produced from renewable sources, ensuring transparency and consumer confidence in green energy purchases.
We provide services in the acquisition, management, and reporting of GOs. Whether you’re looking to enhance your sustainability credentials or ensure compliance with EU legislation, we can guide you through the GO market. Our team offers expert advice, market insights, and assistance with the integration of GOs into your energy portfolio.
The updated Renewable Energy Directive (RED II), effective from July 1, 2021, sets a binding target of at least 32% renewable energy in the EU’s overall energy mix by 2030. It requires Member States to establish mechanisms to ensure that renewable energy is promoted and tracked, often utilizing RECs to demonstrate compliance.
Many European companies are increasingly committing to sourcing their energy from renewable sources, often through Power Purchase Agreements (PPAs) coupled with GOs and RECs. This trend is driven by corporate sustainability goals and the need to meet regulatory requirements.
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