Abu Dhabi, June 10, 2022 (WAM)-EWEC (Emirates Water and Electric Company), a leader in integrated coordination of water and electricity planning, purchase and supply across the United Arab Emirates, is holding its fourth implementation today. Announced The Clean Energy Certificate (CEC) auction was held in Abu Dhabi on June 14, 2022, after the last three successful auctions.
CEC can provide an entity in Abu Dhabi with a path to empower them to reach their desired sustainability goals by ensuring a zero-carbon origin of clean electricity consumption, while further reducing their carbon footprint. will do so. In addition, CEC provides entities with global competitiveness by holding an internationally recognized certificate that guarantees green credentials.
Othman Al Ali, Chief Executive Officer of EWEC, said: The success of the previous three CEC auctions has enabled more companies of all sizes to move to clean energy consumption in line with their sustainability strategies and efforts to tackle climate change. At the upcoming 4th Auction, we will take a practical step towards decarbonizing energy consumption. ”
EWEC is one of the key stakeholders enabling the implementation of Abu Dhabi’s CEC scheme and will act as a single registrant and auction operator to establish a primary market for this new product. At a previous CEC auction, EWEC signed strategic clean energy partnerships with entities in the energy, real estate, healthcare and event sectors.
CEC is a tradable digital certificate issued by the Department of Energy (DoE) in 1 MWh increments when it receives a request from a single registrant and is currently the environment achieved by the consumption of clean energy in Abu Dhabi. And the only certified device to prove ownership of financial interests. energy.
In August 2021, DoE announced the regulatory policy of the CEC scheme. For the first time in the world, this included the CEC of electricity generated from nuclear energy.
Major Abu Dhabi-based companies such as Abu Dhabi National Oil Company (ADNOC) and Alder have purchased these certificates and signed a strategic clean energy partnership with EWEC to clean electricity consumption such as solar and nuclear. Guaranteed to be produced from an energy source.
Under the partnership agreement between EWEC and ADNOC, up to 100% of ADNOC’s power grid will come from EWEC’s clean energy sources, and Aldar Properties will power 100% of Aldar’s owned and managed assets under management from EWEC’s clean energy sources. To do. ..
Registration for the 4th CEC Auction to be held on June 14, 2022 has started. To track and review your clean energy consumption, please visit www.ewec.ae/en/CleanEnergyCertificates or contact the EWEC CleanEnergyCertificates team (CleanEnergyCertificates@ewec.ae).