Emirates Water and Electricity Company (EWEC) Announces Q3 Auction for Clean Energy Certificates

Emirates Water and Electricity Company (EWEC) Announces Q3 Auction for Clean Energy Certificates

Emirates Water and Electricity Company (EWEC) has unveiled its plans to hold the Q3 auction for Clean Energy Certificates (CECs) in Abu Dhabi, marking another step in its ongoing commitment to promote sustainability and decarbonization. The registration process for the auction is now open, and interested participants have until September 14, 2023, to register.

This upcoming auction is part of a series of successful auctions organized by EWEC. The Q2 auction, conducted in June, garnered significant attention, with a record number of participants spanning diverse industries such as district cooling, artificial intelligence, and driver education. The strong participation underscores the growing awareness and interest surrounding the CECs scheme, which facilitates industries’ efforts to enhance their sustainability practices.

Othman Al Ali, CEO of EWEC, highlighted the impactful outcomes of the Q2 auction, stating, “The robust participation we witnessed in the Q2 auction is a testament to the scheme’s consistent success in driving the decarbonisation of electricity consumption. This innovative initiative has already achieved remarkable milestones, setting new records and supporting the UAE’s economic and sustainability objectives.”

Al Ali emphasized the urgency of addressing climate change and reducing carbon footprints, underscoring the role of the CECs scheme in accelerating the journey toward a net-zero future. He encouraged all organizations to seize the opportunity and participate in the Q3 auction, contributing to the global fight against climate change.

As the single registrant and auction operator for the CECs scheme, EWEC plays a pivotal role in advancing clean energy accountability. The scheme contributes to the UAE’s ambitious Net Zero by 2050 initiative by enabling Abu Dhabi-based entities to monitor and validate their clean energy consumption, thereby promoting the transition to a low-carbon economy.

The CECs scheme, initiated by the Abu Dhabi Department of Energy, stands as the accredited instrument within Abu Dhabi that verifies ownership of decarbonised energy consumption generated from solar or nuclear energy sources. The scheme provides purchasing entities with a competitive edge, offering certificates compliant with the International REC Standard (I-REC) and validating their commitment to sustainability.

To participate in the forthcoming CECs auction scheduled for September 14, 2023, interested parties are invited to visit the official website at www.ewec.ae/en/CleanEnergyCertificates or contact EWEC’s Clean Energy Certificates team at CleanEnergyCertificates@ewec.ae.

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