Enel Green Power Panama, a renewable energy subsidiary of Enel Group, has signed an agreement for the sale of International Renewable Energy Certificates (I-RECs) with First Climate.
The negotiation resulted from a request from First Climate to purchase IRECs from a photovoltaic plant. This would be the first transaction to sell IRECs to a counterparty, other than a large client, by an energy supply company in Panama.
I-RECs are an instrument that guarantees that the energy supplied to the final consumer comes from renewable sources and are recognized by the main global sustainability indices as a tool that helps meet national and international renewable energy goals.
Each IREC represents proof that 1 MWh of renewable energy has been produced and includes the environmental benefits that this energy has generated.