EWEC is hosting the Q2 2024 Clean Energy Certificates Auction.

Emirates Water and Electricity Company (EWEC) has announced that registration is now open for its Q2 2024 auction for Clean Energy Certificates (CECs) in Abu Dhabi. The auction is scheduled to close on June 14, 2024.

CECs enable businesses and organizations in Abu Dhabi to decarbonize their energy consumption, lower their Scope 2 emissions, and track and verify progress towards environmental goals.

With the ongoing prioritization of Environmental, Social, and Governance (ESG) reporting, the market demand for CECs continues to increase. In 2023, EWEC marked a record number of participants in its auctions.

Othman Al Ali, CEO of EWEC, stated, "The CECs scheme is an example of Abu Dhabi’s leadership in achieving its sustainability targets. Its impact has grown year-on-year, amplifying our collective contribution to accelerating the reduction of carbon emissions associated with business operations and facilitating the realization of the UAE Net Zero by 2050 Strategic Initiative."

He added, "By collaborating with leading entities, EWEC is enabling organizations to lower their Scope 2 emissions in a transparent and accountable manner. We strongly encourage organizations and businesses to participate in our upcoming auction to drive long-term positive change for the planet."

Issued by the Abu Dhabi Department of Energy (DoE), CECs are the only accredited instruments that prove the ownership of the environmental and economic benefits of consuming clean energy in Abu Dhabi.

Issued in units of 1 megawatt-hour (MWh), each CEC certifies that the electricity consumed by the redeeming organization originates from a renewable or clean energy source. EWEC is one of the key parties enabling the implementation of the CECs scheme, acting as the Single Registrant and Auction Operator.

The CEC scheme conforms to the internationally recognized standard developed by the International Renewable Energy Certificate Standard Foundation (I-REC Standard).

Major entities, including the Abu Dhabi National Oil Company (ADNOC), Aldar, Mediclinic Middle East, and Emirates Global Aluminium (EGA), have purchased CECs and signed strategic clean energy partnerships with EWEC to certify that their electricity consumption is generated from clean energy sources such as solar or nuclear.

Registration to participate in EWEC’s upcoming CECs auction is now open and will close on June 14, 2024. To participate, please visit www.ewec.ae/en/CleanEnergyCertificates or contact EWEC’s Clean Energy Certificates team at CleanEnergyCertificates@ewec.ae.