FOR SALE – Zambia Hydro I-RECS Project, which is currently operating since May 2022, Vintages 2022-2023 SPOT, April 2023-2032 FORWARD offtake available.
From May 2022 onwards until March 2023 – there are 12,700,000/MWh (12,700,000 REC Certificates) available to purchase on SPOT.
The current production across all 11 devices is approximately 900,000/MWh (900,000 REC Certificates) per month. This figure will fluctuate slightly due to environmental and operational conditions such as weather fluctuations (rainfall) and annual maintenance schedules of devices. From April 2023 onwards, FORWARD offtake available until 2032, since this is a 10 year project initially from 2022-2032.
The proceeds from the trade(s) of the generated I-REC’s in Zambia have been reserved and protected as these funds will be spent to undertake the Rural Development Project across all Provinces in Zambia.
Zambia is currently facing an economic recession, but there is an opportunity to create grassroots Rural Empowerment Centers that can boost productivity and diversify the economy. These developments can help to reduce the need for importing basic products and preserve foreign currency. The lack of infrastructure, education, and access to funding for SMEs has hindered the growth of the nation. Developing rural areas with smart farming techniques can help diversify the economy and make Zambia a food basket for the region. The Rural Empowerment Centers project can implement the strategies of the current administration to provide food security and promote rural growth and decentralization.
Providing free education and vocational training/apprenticeship programs can help to develop MSMEs, alleviate poverty, and create more employment opportunities. Education is crucial to enable the local population to access these opportunities and grow MSMEs into larger corporations that can provide even more employment opportunities for Zambians. This strategy will help to eradicate poverty and allow Zambia to prosper by utilizing its natural resources, such as its vast land areas, water resources, and favorable weather conditions.
Agro-Power Development Corporation has developed a model to increase agricultural productivity, provide free education, and develop MSMEs in rural areas to alleviate poverty in Zambia. Their funding model will support the development of up to 200 villages across Zambia over a 5-year period, promoting rural entrepreneurship. Each Rural Empowerment Center will have solar power plants, solar-powered boreholes, aquaculture ponds, cold rooms, vegetable beds, small farming beds, line shops, and classrooms for free education. This model aims to provide basic human needs such as power and water, encourage sustainability and profitability, maximize productivity, promote commerce and employment, and create opportunities for skilled youths, all without financial cost to the Zambian government.
The development project is geared towards bolstering rural community empowerment through the establishment of Rural Economic Empowerment Centers. These centers will support the key objectives of the project, including enhancing food security and production, providing free education and vocational training opportunities, facilitating the growth of cooperatives into MSMEs, and establishing a hub-and-spoke pack-house system to streamline the collection and delivery of agricultural produce to local and international markets.
Regional RECs are an innovative market-based instrument that, adopted on a regional scale, helps to achieve goals and monitor compliance.
The Zambia clean energy strategy aims to provide 36% of Zambia’s energy from clean energy sources by 2025.
RECs help attain the five main pillars of the UN clean energy strategy by greening the grid: infrastructure, legislation, funding, building capacities and skills, and having an environment-friendly energy mix.
RECs as incentives to developing renewable projects: Purchasers of RECs provide renewable energy project owners with additional revenues. Overall, this improves renewable energy project economics, increasing their competitiveness with fossil fuels, coal, and natural gas.
In each country, an official issuer must be authorized to issue Renewable Energy Certificates in that region. Without issuer authorization for a specific country or region, it is not possible to issue RECS for production devices in that country or region.
The International REC Standard (I- REC) is an international standard for issuing, tracking, and redeeming renewable energy certificates. The I-REC is established and governed by The International REC Standard based in the Netherlands.
Each REC certificate has its own serial number so that it can be accounted for from creation to retirement.
Additional information about that REC is tracked, including:
After the Letter of Authorization is executed, granting Ecostar Energy Solutions Limited permission to receive and install meters for the issuance of Renewable Energy Certificates, the Zambian Government will be able to convert these RECS into cash funds which will then be used to build the Rural Empowerment Commercial Centers. This will enable the government to achieve its economic goals of promoting agriculture, providing free education and vocational training, establishing MSMEs, and decentralizing the economy.
We are pleased to inform you that Climate Carbon has forged a strategic partnership with Energroup LLC to promote and market the Renewable Energy Certificates (RECs) generated from the Hydro project. These RECs will directly contribute towards funding the sustainable energy projects listed on our webpage.
Let us work together towards building a sustainable world for generations to come.
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