Renewable Energy Certificates
What are RECs?
Renewable Energy Certificates, or RECs, are tradeable digital assets that quantify the amount of electricity generated from your solar panel installations. For every megawatt-hour (MWh) of green energy generated, 1 REC will be produced and can be traded for profit with MNCs worldwide on the international registry..
Why should you SELL RECs?
For commercial and industrial buildings, selling Renewable Energy Certificates (RECs) is a strategic way to increase revenue, offset costs, and maximize the return on investment of your solar panel installation. By participating in the REC market, you demonstrate your commitment to sustainability, boosting your corporate social responsibility profile and reputation. Additionally, selling RECs can help your business meet regulatory requirements or renewable energy targets, ensuring compliance with local sustainability goals.
Why should you BUY RECs?
Why Choose SLEB
No Upfront Expenses
Selling RECs on your own can be costly due to transaction fees. By partnering with us, you'll avoid hidden costs and registration fees. Simply authorize us to manage your RECs, and we'll ensure you receive consistent cash payouts from your sales.
Streamlined process
Enjoy a hassle-free experience. Our team of solar experts manages over 150 assets and counting, so you won't need to spend time registering, verifying your solar system, or finding a buyer. Let us handle the complexities for you."
Steady Income Assurance
Our program guarantees consistent cash payouts, offering you a reliable source of additional income. We provide semi-annual payments and maintain fixed prices, ensuring your earnings remain stable and unaffected by market fluctuations.
Frequently asked questions
A renewable energy certificate (REC) validates and quantifies the environmental benefits of generating electricity from renewable sources. It allows individuals and businesses to claim that a portion of their electricity consumption supports renewable energy generation, aiding in sustainability efforts and reducing carbon footprints.
RECs also help comply with regulatory requirements and voluntary standards related to renewable energy targets. Financially, RECs provide revenue for renewable energy producers, promoting investment in renewable energy projects and technologies.
The price of Renewable Energy Certificates (RECs) in Singapore can fluctuate based on several factors, including:
- Demand and Supply: Higher demand for RECs, often driven by corporate sustainability goals and regulatory requirements, can lead to increased prices.
- Renewable Energy Generation: If the amount of renewable energy generated in Singapore increases, the supply of RECs may also rise, potentially leading to lower prices.
- Government Policies: Changes in government policies related to renewable energy or carbon emissions can impact the REC market.
As of mid-2023, the price for selling 1 REC in Singapore for small or medium asset owners was generally between SGD 20 to 35. However, it’s important to note that this price can vary, and it’s always recommended to consult with relevant market experts or renewable energy service providers for the most current and accurate pricing information.
To sell Renewable Energy Certificates (RECs) in Singapore, you generally need to meet the following criteria:
- Renewable Energy Generation: You must be generating renewable energy within Singapore. This typically involves owning or operating a renewable energy facility, such as a solar farm or wind turbine.
- REC Registration: You may need to register your renewable energy facility or project with the relevant government agency or regulatory body to obtain RECs. The specific requirements for registration can vary depending on the type of renewable energy and the size of your facility.
- REC Issuance: Once your facility is registered and meets the necessary requirements, you will be eligible to receive RECs for the renewable energy generated. The issuance of RECs is often handled by a designated agency or organization.
- REC Trading: You can then sell your RECs on the Singapore REC market or to interested buyers, such as corporations looking to offset their carbon emissions or meet sustainability targets.
It’s important to note that the specific requirements and processes for selling RECs in Singapore may have evolved or changed since the last update. It’s recommended to consult with the relevant government agencies or renewable energy experts for the most current information.
We Love To Hear From You
If you have any inquiries or need support, our team is here to assist you!
