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Enel and First Climate ink agreement for sale of International Renewable Energy Certificates

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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.

Anela Dokso

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