Through a trader
The usual route for companies. A registered participant such as Moendi sources the certificates, redeems them in your name and sends you the statement. You don't need your own registry account.
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How to buy I-RECs
A step-by-step guide to buying I-RECs (International Renewable Energy Certificates) for Scope 2, CDP and RE100: what you need before you ask for a quote, how the purchase works and how redemption proves your claim.
Before you buy: what you need
Buying I-RECs is simple once you know four things. Have them ready and you can get a firm offer the same day.
- Your electricity consumption in MWh, per country and per reporting year. One I-REC covers 1 MWh.
- Where the electricity is consumed. I-RECs should come from the same market (usually the same country) as your consumption.
- Your reporting framework. GHG Protocol Scope 2 (market-based), CDP or RE100. RE100 also asks for plants commissioned or repowered within the last 15 years.
- Any preferences: technology (wind, solar, hydro, biomass), vintage (the year the electricity was produced) or an ecolabel such as EKOenergy.
Ready to buy?
- Quoted the same business day (Mexico City time)
- From our own book of I-RECs
- Redeemed in your name, with the official statement
How to buy I-RECs, step by step
- Work out your consumptionAdd up the MWh you want to cover in each country for the reporting year, from your electricity bills or meter data.
- Ask for a quoteTell us the countries, MWh, year and any technology or vintage preference. Moendi quotes from its own book the same business day.
- Confirm the orderAccept the offer and pay the invoice. One order can cover several countries.
- Redemption in your nameWe redeem the I-RECs for your company in the Evident registry, so nobody else can claim the same MWh.
- Report your renewable electricityUse the official redemption statement for Scope 2 (market-based), CDP and RE100, and keep it for your auditors.
Three ways to get I-RECs
Directly from a plant
Possible if a renewable plant near you registers its production and sells you the I-RECs. It takes negotiation and usually suits large, long-term volumes.
With your own registry account
Large buyers can open an account in the Evident registry and redeem certificates themselves. It adds fees and paperwork that most companies avoid.
Mistakes to avoid
- Buying from the wrong country. For CDP and RE100, I-RECs from Brazil do not cover electricity used in Mexico.
- A vintage that does not match your reporting year. Ask for certificates produced in, or close to, the year you report.
- Certificates that are not redeemed in your name. Without a redemption statement for your company, the claim is not yours.
- Ignoring the 15-year rule if you report to RE100. Check the plant's commissioning or repowering date.
FAQ
Frequently asked questions
How do I buy I-RECs?
Work out your consumption in MWh per country, ask a registered participant such as Moendi for a quote, confirm the order, and receive the I-RECs redeemed in your company's name with the official statement. Request a quote.
Do I need an account in the I-REC registry?
No. When you buy through Moendi, we redeem the certificates in the Evident registry on your behalf and in your company's name. Only very large buyers usually open their own account.
How much does it cost to buy I-RECs?
It depends on the country, technology, vintage, volume and plant age. Moendi does not publish prices because they change with each market; you get a quote the same business day. See what drives the price.
How many I-RECs do I need?
One I-REC per MWh of electricity you want to report as renewable. If your sites used 5,000 MWh in a year, you need 5,000 I-RECs from the country where that electricity was consumed.
Do I have to buy I-RECs every year?
Yes. I-RECs cover the electricity of a specific period, so companies buy them for each reporting year.
Can I buy I-RECs for several countries at once?
Yes. Tell us your consumption in each country and you get one quote for all of them. See the 63 countries.
Is buying IRECs the same as buying I-RECs?
Yes. IREC, I-REC and I-REC(E) are names for the same International Renewable Energy Certificate.
Ready to buy I-RECs?
Tell us your consumption and reporting period. We will prepare options in your market the same business day.
Get a quote