Bahrain’s Sustainable Energy Authority (SEA) President Dr Abdulhussein bin Ali Mirza has recently announced the issuance of the first Renewable Energy Certificate by the authority.
Issued by SEA through a fully electronic system platform, the certificates represent a historic shift in taking advantage of renewable energy in the kingdom, said a Bahrain News Agency report.
The certificate is part of the launch of an initial pilot phase through which the programme’s flexibility and application mechanisms are studied at the national level to include all renewable energy systems to be registered in the renewable energy certification programme in stages.
This will be carried out through the application of blockchain solutions to ensure transparency and the possibility to track and verify every certificate issued to each system registered in the programme to ward off the risks of electronic breaches, it said.
The certificate is issued electronically through the programme for every 1 MW hour produced and approved by SEA.
The electronic platform programme for the management of renewable energy certificates has been designed in a way that allows producers to directly record the productivity of the renewable energy systems they own on the platform, so that SEA can verify the amount of energy produced and approve in the form of a “Renewable Energy Certificate”.
The system also enables producers of renewable energy to offer renewable energy certificates issued electronically for sale to those wishing to invest in renewable energy and benefit from certificates to overcome the challenges that prevent them from producing renewable energy themselves, the report said.
The certificates system will provide an opportunity for investors and financing institutions to evaluate investment opportunities, finance sustainable energy projects and verify the energy output, which is produced through reliable and approved programmes and tools, it iadded.