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With the addition of small-scale solar projects and wind projects, Oman’s renewable energy sector continues to grow year after year. These projects support Oman’s goal of reducing greenhouse gas emissions by 7% by 2030.
This will also be beneficial to electricity consumers, who wish to see the country shift towards more sustainable energy sources while decreasing dependence on fossil fuels and decreasing their greenhouse gas emissions.
Many consumers are installing solar panels directly on their homes to get the best use of renewable energy. This will allow them to reduce GHGs and make the grid less efficient. Scope 2 emissions are emissions that result from electricity consumption and are part of the corporate GHG reporting requirements.
For a company to properly report its use and consumption of Renewable Energy for their GHG Scope 2 assessment, such energy must first be validated with an Energy Attribute Certificate (EAC), like renewable energy certificates or guarantees of origin.
Al Madina Logistics Services Company in Barka was the first company to register a rooftop solar PV system with the I-REC Standard Foundation’s international renewable energy tracking system.
Michael Tsang (CEO of Three Pillars Consulting) noted that “I-RECs for electric are a powerful tool because it allows end-users as well as energy consumers to make a reliable claim that they are consuming clean and renewable energy.”
AMLS will produce a megawatt-hour (MWh), of solar energy with their system. This certificate can be used to validate their commitments to consuming renewable energy as well as their zero-emissions electric energy use.
As Oleg Dobrovolsky, Regional Director of the International I-REC Standard Foundation, explains, “This development in the energy market represents an important step in the transition towards innovative renewable energy procurement options. Leveraging transparent, robust and reliable tracking of renewable energy consumption for companies can have a significant positive impact on the electricity generation in Oman.”
“We are proud to be at the forefront of supporting Oman’s renewable energy, supplemented further with this recognition under the I-REC Standard Foundation,” noted Nader Hakim, Group COO of AMLS. “We view our responsibility towards sustainability as an integral part of our logistics service offering, placing a high value on CO2 emission reductions through clean energy production. Our 2.1 megawatt (MWdc) solar plant spanning 15,000 square metres was the largest rooftop capacity when energised in April of 2021, and a further step towards our goal of being a net-zero emissions operator.”
The I-REC Standard Foundation, a non-profit organization, redesigned the International Attribute Tracking Standard last year in April to clarify roles between market facilitators and the I-REC Standard.
Market facilitators work in coordination with the I-REC Standard in order to ensure that the tracking standard is future-proof. Recent developments include the introduction of 15-minute-granularity timestamping for certificates. This will allow accounting periods associated to Scope 2 emissions to be more in line with the temporal reality of end-user consumption. These features could be required, for instance, to validate and certify green hydrogen production throughout its value chain.