Consumers
We help you obtain the right amount of I-RECs for your electricity consumption, so you can claim it as renewable and meet your sustainability goals.
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Renewable certificates
I-RECs, CELs, GOs and other energy attribute certificates, sourced for your company and redeemed in its name.
I-RECs
What is an I-REC?
Proof of renewable generation
An International Renewable Energy Certificate (I-REC) is verifiable, traceable digital evidence that 1 megawatt-hour (MWh) of energy was generated from a renewable source and added to the grid.
Governed by The International Tracking Standard Foundation
A non-profit organization that ensures transparent, credible issuance, transfer and verification of certificates.
Full project details
A participant can redeem an I-REC in an end user's name. Each one carries key information about the generation project, including asset name, technology and location.
Buying for operations in Mexico? See I-RECs in Mexico
How is an I-REC useful?
- By purchasing I-RECs, you are the sole owner of the renewable attributes associated with the energy of your certificate.
- Once redeemed in someone's name, I-RECs are retired from circulation. This proves the end user has claimed the renewable benefits and prevents anyone else from reusing them.
- I-RECs can be used to address Scope 2 emissions: the indirect greenhouse gas emissions from purchased electricity.
Redemption statement
What a redemption looks like
When certificates are redeemed in your company's name, the registry issues a redemption statement. It is the document you share with auditors and reporting frameworks such as CDP and RE100 as proof of your renewable electricity claim. Here is what each part means.
- 1
Beneficiary
The company in whose name the certificates were redeemed. Only this beneficiary can claim the renewable electricity.
- 2
Redeemed by
The registry participant that carried out the redemption on the beneficiary's behalf: Moendi BM S.A. de C.V.
- 3
Volume redeemed
The number of I-RECs redeemed. Each I-REC represents 1 MWh of electricity generated from renewable sources.
- 4
Consumption location
Where the covered electricity was consumed: the site or facility and the country.
- 5
Reporting period
The dates of the electricity consumption the statement covers, usually a calendar year.
- 6
Redemption purpose
A short statement of what the certificates are used for, for example reporting renewable electricity for a given year.
- 7
QR verification
Anyone, such as an auditor, can scan the QR code and enter the verification key to confirm the statement directly in the registry.
- 1
Production device
The plant that generated the electricity: its name, country, energy source, technology, whether it received public support, commissioning date and carbon intensity.
- 2
Certificate IDs
The unique range of certificate serial numbers redeemed. These numbers can never be used again, which prevents double counting.
- 3
Number of certificates
How many certificates in that range were redeemed, equal to the MWh claimed.
- 4
Offset attributes
"Incl" means the plant owner has committed never to sell carbon offsets for these MWh. "Excl" means offsets for the same MWh may be traded separately.
- 5
Period of production
When the electricity was generated, also known as the vintage.
- 6
Issuer
The organization that issued the certificates in that country, such as NORMEX in Mexico.
The statement also includes auditor notes: I-RECs are assigned to the beneficiary at redemption and cannot be transferred to anyone else, and no other use of those certificates is valid under The International Tracking Standard Foundation.
Download the example (PDF)Moendi
How we help with I-RECs
Traders
We offer global support to market participants, helping them buy or sell certificates at competitive prices.
Generators
Tailor-made solutions to maximize the value of your renewable generation: registration, compliance to start issuing I-RECs, and support administering and selling the certificates.
EKOenergy label
Add an internationally recognized ecolabel
- EKOenergy is an internationally recognized ecolabel for renewable energy that increases the positive impact of using I-RECs.
- As an authorized EKOenergy seller, Moendi can apply this label to eligible I-RECs.
- The label is endorsed by standards such as the Greenhouse Gas Protocol and organizations like CDP and RE100.
CELs
What is a CEL?
CEL stands for Certificado de Energía Limpia (Clean Energy Certificate): a Mexican certificate issued by the CNE (National Energy Commission), which replaced the CRE in 2025.
CELs were created as part of Mexico's energy reform to promote the generation and use of clean energy. Each one proves that 1 MWh was generated from a clean or renewable source and added to the grid.
How is a CEL useful?
- In the MEM (Mexican Wholesale Electricity Market), every Qualified User must cover a specific share of their annual electricity consumption with clean energy.
- As mandated by Mexico's Ministry of Energy (SENER), the current requirement is 13.90%: users must obtain CELs equivalent to that share of their consumption.
- Their Qualified Supplier is responsible for procuring the necessary CELs on their behalf.
Comparison
What is the difference between CELs and I-RECs?
| Feature | CELs | I-RECs |
|---|---|---|
| Purpose | Mandatory for Qualified Users in Mexico | Voluntary, driven by each user's sustainability goals |
| Eligible sources | Clean energy sources | Renewable energy sources only |
| Traceability | No details on technology, project or location | Include technology, project, location and other details |
| Accepted by GHG Protocol, CDP and RE100 | No, due to the lack of traceability | Yes |
Other EACs and commodities
Beyond I-RECs and CELs
Our specialized trading desk will help you obtain other EACs or commodities you may need, such as:
- Guarantees of Origin (GOs)
- Green Electricity Certificates (GECs)
- Renewable Energy Certificates (RECs), United States and Canada
- Tradable Instrument for Global Renewables (TIGRs)
- Carbon credits
Get a certificate quote
Tell us the certificate type, volume, country and technology you need, and we'll prepare a quote.
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