ZETA celebrates key advancements in the region's sustainable commodities trading! 🌱 Last week, the Emirates Water and Electricity Company (EWEC) announced a major expansion of its Clean Energy Certificates (CECs) scheme. EWEC has introduced CECs for energy generated from its three new wind farms in Abu Dhabi. These certificates, each representing 1 MW/h, adhere to the International Renewable Energy Certificate Standard (@I-REC) and will be auctioned to companies and organizations committed to decarbonizing their operations. In Q4 2023, EWEC signed a power purchase agreement with clean energy leader Masdar (Abu Dhabi Future Energy Company) for wind-generated power, with a combined capacity of 99 megawatts. The success of these auctions, following those for nuclear and solar energy, underscores the UAE’s growing influence in the global clean energy market. ZETA (Zero Emissions Traders Alliance) applauds this expansion of auctions of internationally recognized certificates, which moves the region closer to becoming a global center of trade in the new clean energy commodities! 🌍 #Sustainability #CleanEnergy #CommoditiesTrading #RenewableEnergy #ZETA #EWEC #WindEnergy #IREC #Decarbonization #UAE #GlobalEnergyMarket #GreenEconomy
EWEC has announced the introduction of Clean Energy Certificates (CECs) for energy generated by the UAE’s utility-scale Wind Programme. The wind energy CECs are available for purchase for the first time and further enable entities to achieve their sustainability goals by certifying their clean energy consumption and reducing the carbon emissions of their operations. The introduction of wind CECs follows the launch of the UAE’s first utility-scale Wind Programme, under which EWEC signed a power purchase agreement in Q4 2023 with Masdar (Abu Dhabi Future Energy Company), one of the world’s leading renewable energy companies, for power generated from wind farms. EWEC procures the electricity generated from the wind farms located at Al Sila, Sir Bani Yas Island and Delma Island. The wind farms have a total combined capacity of 99 megawatts of renewable energy, enough to power approximately 22,000 homes and displace 115,000 tonnes of carbon dioxide annually. Othman Al Ali, Chief Executive Officer of EWEC, said: “We are pleased to announce the inclusion of wind energy for the first time as part of the innovative Clean Energy Certificates scheme. This new offering further enables organisations to verify their renewable and clean energy consumption and make tangible progress towards achieving their sustainability and decarbonisation goals. The UAE Wind Programme was a pioneering step in diversifying the country's energy mix, and we are proud to now be able to offer wind energy CECs to businesses and organisations across Abu Dhabi. We invite all interested parties to register and participate in EWEC’s upcoming CECs auctions to foster positive change for our planet.” Register now to participate in the auction, which will close on 13 September 2024. Please visit: https://bit.ly/CECs #WindFarm #WindPower #Sustainability #RenewableEnergy #TodayForTomorrow