Are Renewable Energy Certificates A Good Investment

The most direct way to invest in renewable energy without installing solar panels on your roof is to invest directly in renewable energy projects.

Are renewable energy certificates a good investment.

Rěk is a market based instrument that represents the property rights to the environmental social and other non power attributes of renewable electricity generation. In 2019 australia met its 2020 renewable energy target of 23 5 and 33 terawatt hours twh. Directly invest in renewable energy projects. Australia produced 378 7 pj of overall renewable energy including renewable electricity in 2018 which accounted for 6 2 of australia s total energy use 6 146 pj.

A renewable energy certificate or rec pronounced. Renewable energy certificate rec. Key renewable industry metrics. Recs are issued when one megawatt hour mwh of electricity is generated and delivered to the electricity grid from a.

Renewable energy certificates recs give companies institutions and individuals a simple way to offset their carbon footprint and support clean energy. Purchasing recs is equivalent to purchasing renewable energy. Once the electricity provider has fed. Jonathon curtis looks at whether investing in cleaner greener energy sources could be good for your portfolio as well as the planet.

Renewable energy in australia includes wind power hydroelectricity solar pv heat pumps geothermal wave and solar thermal energy. If your company buys recs then you can claim that the energy you use comes from renewable sources. This method is low risk especially in terms of solar pv projects as once the facility is up and running not much can go wrong. A certificate that is proof that one megawatt hour mwh of electricity was generated from a renewable energy resource.