I-REC Certificates for FDI Enterprises – Diverse Supply Options, Customized Quotations

I-REC certificates for FDI enterprises help substantiate renewable electricity consumption, support ESG reporting, and enable market-based Scope 2 emissions accounting when applicable eligibility criteria are met. Net Zero 2050 provides I-REC advisory and supply services tailored to electricity volumes, renewable energy sources, generation vintage, and documentation requirements, helping businesses manage procurement budgets and transaction timelines.

I-REC (International Renewable Energy Certificate) is a mechanism that enables businesses to claim the renewable energy attributes associated with the corresponding quantity of electricity when certificates are properly purchased and redeemed. For foreign direct investment (FDI) enterprises operating in Vietnam, I-REC certificates can support ESG reporting, market-based Scope 2 emissions accounting, and compliance with renewable energy requirements established by parent companies, business partners, and international customers.

CIC Construction Technology and Consultancy Company provides I-REC certificate advisory and supply solutions tailored to each enterprise’s actual requirements, taking into account the electricity volume to be matched (MWh), renewable energy source type, generation vintage, budget, and transaction deadlines.

Guided by the principles of Right Source – Right Price – On-Time Delivery, CIC supports businesses in identifying their needs, sourcing suitable certificates, agreeing on transaction arrangements, and completing the relevant certificate procedures in accordance with mutually agreed terms.

1. Doanh nghiệp FDI cần lưu ý gì khi mua chứng chỉ I-REC?

When selecting I-REC certificates, price is not the only factor to consider. Businesses need to clearly define their requirements regarding certificate sources, electricity generation periods, and intended uses to ensure that their procurement decisions align with their energy strategies and emissions reporting requirements.

Required I-REC Purchase Volume

Businesses need to determine the amount of electricity consumption or renewable electricity target to be matched, measured in megawatt-hours (MWh). The purchase volume should align with actual demand, reporting boundaries, and other relevant corporate requirements.

Renewable Energy Source Type

I-REC certificates may be issued from various renewable energy sources, such as solar, wind, and hydropower. Depending on the procurement policies of the parent company or the requirements of international customers, businesses may need to select a specific energy source or meet additional criteria related to the electricity generation project.

Generation Vintage

Generation vintage is an important consideration when selecting I-REC certificates. Businesses should verify the electricity generation period associated with the certificates to ensure alignment with the relevant reporting period and applicable procurement criteria.

Transaction and Certificate Redemption Deadlines

Transaction completion timelines should be determined based on ESG reporting schedules, data consolidation timelines, and deadlines for fulfilling renewable energy commitments. Businesses are encouraged to engage with certificate suppliers early to secure suitable supply options and plan transaction schedules, including the timing of certificate redemption.

Documentation and Intended Use of Certificates

Before purchasing, businesses should clarify information concerning the electricity generation source, certificates, transaction documentation, and supporting records required for internal recordkeeping, verification, or reporting. They should also determine whether the I-REC certificates will be used for ESG reporting, market-based Scope 2 emissions accounting, or to meet specific requirements from their parent companies and customers.

Clearly defining these criteria enables businesses to select suitable supply options, manage procurement budgets, and minimize potential transaction risks.

2. CIC Construction Technology and Consultancy Company Supplies I-REC Certificates Based on Business Requirements

CIC helps businesses identify and select I-REC supply arrangements based on the specific requirements of each order. Rather than adopting a standardized approach for all customers, CIC evaluates procurement criteria to recommend suitable certificate sources and quotations.

Diverse Supply Options Tailored to Requirements

CIC supports businesses in accessing I-REC supply options based on renewable energy source type, generation vintage, and the required purchase volume in MWh.

For FDI enterprises with specific requirements from parent companies, international customers, or internal renewable energy procurement policies, CIC reviews these criteria to assess supply availability and recommend suitable options.

For large-volume orders or purchases requiring specific electricity generation sources, identifying procurement requirements early enables more proactive sourcing and negotiation of transaction terms.

Customized I-REC Quotations Based on Actual Demand

I-REC certificate prices depend on supply availability and the conditions of each order. Factors influencing quotations may include renewable energy source type, generation vintage, required purchase volume, transaction timing, and certificate delivery deadlines.

CIC prepares quotations based on each enterprise’s actual needs, helping customers compare supply options and manage procurement budgets. For large-volume purchases, businesses can discuss their requirements directly with CIC to identify supply arrangements aligned with their procurement policies and financial plans.

To receive an accurate quotation tailored to their requirements, businesses should prepare information on the required MWh volume, preferred electricity source, generation vintage, and transaction completion deadline.

Transaction and Certificate Documentation Support

In addition to advising on certificate supply options, CIC supports businesses throughout the information exchange, order confirmation, and I-REC transaction procedures within the agreed scope of services.

Depending on the requirements of each order, support may include providing information on certificate sources, coordinating transaction and certificate redemption procedures, and preparing relevant information and supporting documents for recordkeeping and reporting purposes.

This solution enables Procurement, ESG, and Energy Management teams to plan certificate purchases more proactively, monitor transaction progress, and prepare the necessary documentation.

3. I-REC Certificate Purchasing Process

CIC implements an I-REC supply process tailored to each enterprise’s specific needs, consisting of four main steps:

Step 1: Receive Procurement Requirements

The enterprise provides information on the required purchase volume (MWh), renewable energy source type, generation vintage, transaction deadline, estimated budget, and any specific criteria established by its parent company or international customers.

Step 2: Assess Supply Availability and Recommend Options

CIC evaluates the availability of certificate supply against the submitted criteria and recommends suitable options in terms of energy source, purchase volume, timeline, and transaction conditions.

Step 3: Agree on Quotations and Transaction Terms

Both parties discuss and agree on certificate sources, quantities, unit prices, payment terms, transaction schedules, and other relevant requirements before confirming the order.

Step 4: Execute the Transaction and Provide Documentation Support

CIC coordinates transaction execution in accordance with the agreement, assists with relevant certificate procedures, and provides information and supporting documents within the agreed scope of services.

Businesses should initiate discussions early if they have specific reporting deadlines or certificate redemption requirements, particularly for large-volume orders or purchases subject to special electricity source criteria.

4. Why Should Businesses Contact CIC Construction Technology and Consultancy Company to Purchase I-REC Certificates?

For FDI enterprises, selecting an I-REC supplier involves more than finding a competitive price. Businesses must also consider the supplier’s ability to meet procurement criteria, transaction schedules, and documentation requirements.

CIC focuses on supporting businesses based on their actual needs, with the following priorities:

• Customized Quotations: Evaluating MWh volume, energy source type, generation vintage, and transaction conditions to recommend suitable procurement options.
• Supply Source Selection: Supporting the identification of certificates that meet the enterprise’s renewable energy procurement criteria.
• Proactive Timeline Management: Reviewing certificate delivery deadlines, assessing supply availability, and coordinating transaction schedules.
• Support for Related Procedures: Assisting with transaction execution and certificate redemption within the agreed scope of services.

Each enterprise may have different requirements regarding electricity sources, generation vintage, purchase quantities, and documentation. Therefore, direct consultation with CIC helps clarify these requirements and develop more suitable supply arrangements.

5. Request an I-REC Certificate Quotation

If your business is seeking I-REC certificates for ESG reporting, market-based Scope 2 emissions accounting, or compliance with renewable energy requirements established by parent companies and international customers, contact CIC Construction Technology and Consultancy Company to discuss your needs and available supply options.

To facilitate the quotation process, businesses should prepare the following information:

• Required I-REC purchase volume (MWh).
• Preferred renewable energy source type.
• Required generation vintage or electricity generation period.
• Deadline for completing the transaction and certificate redemption.
• Any specific requirements concerning supply sources, documentation, or international customer criteria.

Contact CIC Construction Technology and Consultancy Company

• Hotline: 0866 059 659 | 033 226 8626
• Email: info@cic.com.vn
• Website: www.netzero2050.vn

Contact CIC to discuss your requirements and receive an I-REC certificate quotation tailored to your purchase volume, renewable energy source preferences, and transaction deadlines.