EPRA goes global with green stamps
Kenya’s renewable energy sector is poised for global recognition and increased investments after the International Tracking Standard Foundation appointed the Energy and Regulatory Authority as the official local issuer of International Renewable Energy Certificates (I-REC(E)).
By joining the I-REC system, Kenya is set to distinguish itself in the energy market, a crucial factor in attracting eco-conscious investors eager to back sustainable energy projects.
This move is expected to catalyze job creation and propel economic development within the sustainable energy sector in the country.
Mr Daniel Kiptoo Bargoria, the Director General, EPRA welcomed the development saying this was in line with EPRA’s mandate of promoting the adoption of renewable and sustainable energy to enhance its contribution to Kenya’s energy mix. Local application of I-RECs, he said, will help Kenya to meet international commitments and agreements related to the adoption of clean energy.
EPRA will be tasked with examining energy generation facilities throughout Kenya to ensure that electricity generation originates from renewable sources.
While the finalization of this process and EPRA’s official designation as an issuer is pending, the Green Certificate Company (GCC) is temporarily assuming the role, facilitating a seamless transition to EPRA when it is ready.
