S&P Global Commodity Insights Launches First Platts Renewable Energy Certificate Price Assessments for Brazil, India and Turkey


New Platts Global I-REC Pricing Assessments to Increase Pricing Transparency for the Booming Certified Renewable Power Generation Market

LONDON, September 5, 2022 /PRNewswire/ — S&P Global Commodity Insights today announced a suite of independent price assessments for International Renewable Energy Certificates (I-RECs) in Brazil, Indiaand Turkey as market participants and energy consumers seek transparency in the global market to assess renewable electricity generation.

“As the energy transition progresses, more and more energy consumers are turning to I-RECs to meet renewable energy goals or mandates, which in turn creates a growing demand for assessment and transparency of these certificates on a global scale”, said Alan Hayes, Energy Transition Pricing Manager for S&P Global Commodity Insights. “Through our Platts Global I-REC assessments, market participants will now benefit from price transparency in the major energy markets of Brazil, Indiaand Turkey.”

I-REC certificates are a way for electricity consumers to be certain that their energy consumption comes from renewable sources. These ratings complement a series of similar price benchmarks offered by S&P Global Commodity Insights for Renewable Energy Certificates (RECs) in North America and guarantees of origin (GO) in Europe. Brazil is the largest I-REC market in Latin America while Turkey and India represent two of the largest markets in Asia.

“The global nature of the energy transition makes extending these assessments crucial for the advancement of renewable energy markets,” said Hayes. “We will continue to innovate and grow in the space to meet customer needs as the market evolves and grows over time.”

Platts Global I-REC price valuations reflect end-of-day renewable energy values ​​as determined by buyers and sellers in the spot certificate market. Valuations will be expressed in a variety of currencies per megawatt hour (MWh).

Platts I-REC assessments cover the main renewable energy technologies of hydroelectric, solar, wind and biomass generation. The vintages evaluated cover the most liquid vintages of the previous year and the current year. For example, in the calendar year 2022, the vintages of the I-RECs evaluated will be 2021 and 2022.

I-REC price assessments can be found in the MegaWatt Daily and European Power Daily publications, as well as the Platts Energy Transition Alert and Platts Dimensions Pro platform.

Read more about Platts Global I-REC Assessments in the Subscriber Note here: Platts Launches Global I-REC Assessments for Renewable Electricity | S&P Global Commodity Insights.

Media contacts:
Worldwide/EMEA: Alex Ortolani + 1 917-618-0709, [email protected]
Asia: Melissa Tan +65-6597-6241, [email protected]
Americas: Kathleen Tanzy + 1 917-331-4607, [email protected]

About S&P Global Commodity Insights
At S&P Global Commodity Insights, our comprehensive view of global energy and commodity markets enables our clients to make decisions with conviction and create sustainable, long-term value.

We are a trusted connector that brings together thought leaders, market players, governments and regulators and we create solutions that drive progress. Essential for navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and the energy transition. Platts® products and services, including the most meaningful benchmark price valuations in physical commodity markets, are offered by S&P Global Commodity Insights.

S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s leading provider of credit ratings, benchmarks, analytics and workflow solutions for the global capital, commodity and automotive markets. With each of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit https://www.spglobal.com/commodityinsights.

SOURCE S&P Global Commodities Outlook


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