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Thursday, December 12, 2024
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Sberbank: Joins I-REC international energy tracking standard

Laura M
By Laura M
  • Sberbank signed an agreement with the international non-profit organization I-REC Standard Foundation
  • The agreement will enable the largest Russian bank to provide support to stakeholders
  • Create a fundamentally new and innovative market for Renewable Energy Certificates in Russia
  • I-REC certificates allow renewable energy generation companies to sell green attributes of their electricity together with or separately from physical supplies
  • Sberbank and I-REC Standard Foundation will join hands to develop a marketplace to sell I-REC certificates in Russia
  • As of now, the I-REC register contains 13 companies producing electricity using renewable energy sources in Russia

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