What is a Renewable Energy Certificate?
Renewable Energy Certificates (RECs) are used worldwide by leading organizations to offset electricity consumption as part of their sustainability goals. A REC represents 1 megawatt-hour (“MWh”) of clean electricity generated on a customers’ behalf by a renewable energy facility. By purchasing RECs, customers take claim of the environmental and social attributes of that MWh of renewable energy.
Evolugen’s RECs come directly from our solar, wind and hydropower facilities. Investing in RECs directly supports these facilities as well as community initiatives across Canada. Evolugen can also offer its energy trading services to procure RECs on behalf of organizations from other facilities and geographies.
What is Unique About our RECs
We produce our own RECs, backed by a fleet of solar, wind and hydropower facilities. By dealing directly with the generator, this eliminates the middle-man, reducing costs. Through affiliation with our parent company Brookfield Renewable, we can offer these solutions in Canada, the United States and worldwide.
Evolugen creates value by developing innovative natural power solutions that accelerate Canada towards a low-carbon future. Our long-standing experience as a developer, owner and operator, along with our unique expertise in energy trading and management makes us the right choice for businesses looking to address their environmental impact on the planet.
Maintaining the highest standards of environmental protection consistent with certification requirements.
Giving cystomers the ability to trace the origin of the REC purchase.
Keeping the purchase simple; without any changes to customers’ utility bill or existing power contract.
Ensuring exclusive ownership of the RECs customers purchase through regular audits from a reputable third party.
Providing customers with complete details about the purchase including facility location, technology, and vintage.
Dealing directly with the generator, the source of the RECs, eliminates the middleman, and allows for competitive pricing.
More than ever, businesses, customers and employees are looking for companies that care about the legacy they’re leaving behind and are taking strides to continually increase their commitment to sustainability.
Investing in our RECs not only supports renewable energy, but it also contributes to enhancing community initiatives across Canada.
5 Benefits of investing in RECs
- Demonstrating engagement as an environmentally conscious organization.
- Enhancing reputation, brand recognition and differentiating from the competition.
- Supporting offices and facilities’ qualification to the highest building standards, such as LEED and Zero Carbon Building Initiative from Canada Green Building Council.
- Helping to reduce GHG emissions footprints.
- Evolving business culture and attract like-minded employees and customers.
What’s in it for the Environment
Across our business, we strive to earn trust and maintain long-lasting relationships with Indigenous partners and stakeholders, through active engagement and a leading health & safety culture.
In structuring our community initiatives, we focus our support on specific causes, namely medical health assistance, education, community services, environment and sustainable development.
Across Canada, we support approximately 200 charitable organizations annually, including: The Children’s Hospital of Eastern Ontario (CHEO), 24h Tremblant, The Gatineau Social Pediatric Centre, The Powell River Food Bank, and more.