S&P Global Commodity Insights has expanded its International Renewable Energy Certificate (I-REC) price assessments to Saudi Arabia and Singapore, further enhancing transparency and price discovery in these key markets. This expansion reflects the growing importance of renewable energy tracking and certification in new regions.
🔹 Saudi Arabia has now been added to S&P Platts' global benchmarking system, allowing for greater visibility into the country's I-REC market. This move follows the Kingdom’s increasing push toward clean energy adoption and ambitious Vision 2030 goals. Read more about S&P’s Saudi I-REC assessment here: https://lnkd.in/dn8E27z9
🔹 Singapore is experiencing rapid growth in its I-REC market, driven by surging demand for renewable energy certificates (RECs) and corporate sustainability commitments. Solar I-REC redemptions in Singapore increased by approximately 113% year-over-year as of November 2024, while issuances have surged by an impressive 284% compared to 2023. These trends highlight Singapore’s expanding role as a regional hub for renewable energy procurement. Read more about the Singapore I-REC assessments here: https://lnkd.in/dfYDu7nS
At Three Pillars Consulting, we are proud to be the Accredited Local Issuer of I-RECs in Oman, accredited by the The International Tracking Standard Foundation. As the I-REC market continues to expand worldwide, we are here to support businesses with expert insights, market analysis, and issuance services.
If you're looking for guidance on Oman’s renewable energy market or I-REC opportunities, feel free to connect with us. 📈 💡
