Renewable Energy Certificates (RECs)
A renewable energy certificate, or REC, represents proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy resource. In the context of Singapore, these certificates, also known as renewable energy credits, are instrumental in tracking and fostering the production of green energy across the nation.
RECs serve as a mechanism to certify and track the production of renewable energy. When green energy is generated and fed into the grid, an equivalent number of RECs are created, allowing for transparent and credible tracking of renewable energy usage.
While RECs represent the generation of renewable energy, carbon offsets are measures taken to compensate for emissions elsewhere. RECs may support development of new renewable energy infrastructure, whereas carbon offsets can involve various projects like reforestation or energy efficiency initiatives such as solar energy systems.
Owners of RECs can claim use of low or zero emission electricity and thus lower their market-based Scope 2 emissions. Carbon credits can be used to offset Scope 1, 2 and 3 emissions.
APX is the issuer for the Tradable Instrument for Global Renewables (TIGR) while independent entities issue the I-REC(E). In Singapore, the Green Certificate Company is the I-REC(E) issuer. Find out other issuers of the I-REC(E).
Buying RECs
When companies, institutions, and individuals purchase RECs, they can be credited for reducing their carbon footprint and supporting clean, renewable energy.
To contribute to the green energy economy as a buyer, kindly fill up the form here and we will assist you on getting started.
REDEX operates a one-stop ecosystem for renewable energy certificates. We address the pain points of the RECs market and provide technological solutions that enable individuals and organisations to buy and sell renewable energy certificates with ease. Our platform provides a seamless experience for buyers to trace, purchase and retire high quality RECs. Contact us to kickstart your renewable energy journey.
Many of our clients purchased their first renewable energy certificate with us and keep coming back for more! Contact us and we will guide you on the process of buying your first renewable energy certificate. The process is seamless and easy.
REDEX is an Accredited Platform Operator under the I-TRACK Foundation and an established company in the renewable energy market. We have worked with many organisations including financial institutions and companies in many other industries to buy or sell renewable energy certificates to optimise their renewable energy consumption. Get in touch with us to find out more about our company and what we do in the sustainability space!
Selling RECs
To contribute to the green energy economy, you will need to have a source of renewable energy, like solar panels. If you are looking to produce renewable energy or sell renewable energy certificates from an existing source, kindly fill out the form here and we will assist you in getting started.
On top of contributing to the renewable energy ecosystem, selling RECs allows you to earn financial incentives through our programme and reduce the amount of time needed to recoup your investment for setting up your renewable energy source, such as solar panels.
You can also sell RECs to defray the cost of building renewable energy plants. Contact us via the form here on how to get started.
We can explore possibilities with you or your organisation in setting up a renewable energy source with our partners. Please get in touch with us and we will advise on some options.
REDEX is an Accredited Platform Operator under the I-TRACK Foundation and an established company in the renewable energy market. We have worked with many organisations including financial institutions and companies in many other industries to sell or buy renewable energy certificates to optimise their renewable energy consumption. Get in touch with us to find out more about our company and what we do in the sustainability space!
REHash
Renewable energy certificates (REC) trading involves the buying and selling of RECs to support and encourage the use of renewable energy sources. RECs represent the environmental attributes of a specific amount of renewable energy produced and can be traded separately from the actual energy. This trading mechanism enables businesses and individuals to financially support and invest in renewable energy projects. By engaging in the REC trading market, participants are credited for the growth of renewable energy infrastructure and promotion of sustainable practices within the energy sector.
Engaging in REC trading can be a great financial and environmentally conscientious decision. This renewable energy investment provides individuals and businesses with an avenue to support clean energy projects without the need for direct infrastructure. While returns are primarily environmental, they also have a positive impact on corporate social responsibility and sustainability goals. Additionally, as society increasingly values and incentivises renewable energy practices, the demand for RECs may rise, potentially influencing market dynamics.
To trade RECs effectively with REHash, start by signing up for our REC trading platform. Once registered, familiarise yourself with the available options and market trends. Utilise the platform’s user-friendly interface to easily browse and connect with trusted buyers and sellers. Know that REHash employs stringent screening processes for users, ensuring a secure and reliable trading environment. Consult with our support team should you have any enquiries or concerns. By leveraging the features of REHash, you can navigate the REC market effectively and contribute to the growth of renewable energy initiatives.
To access REHash and start REC trading on the market, you must first create an account. Check out our sign-up guide to know more and begin your REC trading journey.
REConnect
Solar asset management involves the comprehensive oversight and optimisation of solar energy installations to maximise their performance, efficiency, and financial returns. This includes monitoring the production of solar panels, ensuring proper maintenance, and leveraging data analytics to make informed decisions about solar assets. Overall, solar asset management aims to enhance the overall operational and financial performance of solar energy projects, whether they are residential rooftop installations or large-scale solar farms.
REConnect helps in generating solar energy income by providing a green energy platform for individuals and businesses to monetise the energy produced by their rooftop solar installations. By signing up with REConnect, users can tap into incentives tied to the energy production of their solar panels. The platform also facilitates the addition of value to existing solar project services, creating opportunities for additional income streams.
REConnect operates as a user-friendly platform that facilitates the generation of solar energy income. Users begin by signing up and registering their solar energy installations on the platform. Once registered, REConnect enables energy monitoring and optimisation of the performance of your solar panels. The platform provides avenues for earning incentives based on the energy production of the solar panels. Additionally, you can explore opportunities to enhance your solar project services, further increasing your income potential. Feel free to contact our support team to learn more about how you can benefit from REConnect.
RESuite
RESuite offers advanced tools for the management of renewable energy, ensuring businesses can efficiently track and utilise their renewable energy sources, contributing to more sustainable operations.
Registering on RESuite is a straightforward process. Simply visit our website, fill out the registration form, and gain access to our comprehensive tools for energy monitoring and renewable energy management.
RESuite’s state-of-the-art energy monitoring tools provide detailed insights into the performance of renewable resources, ensuring effective management and optimisation of your renewable energy usage.
REHash Impact Marketplace
The Impact Marketplace on REHash bridges communities and impact investors dedicated to fostering sustainable development. Impact Marketplace curates Impact Renewable Energy Certificates (RECs) and facilitates their trading on the voluntary RECs market. It connects investors with projects that generate positive social and environmental impact alongside potential financial returns.
Unlike traditional investment platforms, Impact Marketplace on REHash focuses on projects that align with sustainability goals. It offers investors the opportunity to earn financial returns from investing in impact projects, or through the purchase of Impact RECs, invest in initiatives that contribute to social progress, environmental conservation, and renewable energy generation.
Impact Marketplace on REHash features a range of impact investing opportunities centred around renewable energy projects. Investors can participate in initiatives that promote clean energy adoption, reduce carbon emissions, and enhance community resilience.
Transparency and accountability are paramount in the Impact Marketplace. We provide detailed information on each investment opportunity, including project specifics, impact metrics, and expected returns. Our platform is linked to international REC registries, facilitating informed decision-making and fostering trust among investors.
Getting involved in impact investing through the Impact Marketplace is easy. Simply explore the available investment opportunities on our platform, choose projects that resonate with your values, and start making a positive difference while reducing your carbon footprint. Alternatively, you may contact us to find out more about how you can generate financial returns while contributing to sustainable development from Impact Projects.
REAPI
REAPI stands for Renewable Energy Application Programming Interface. It is a suite of APIs developed by REDEX to streamline data integration between business software applications and our core renewable energy products: REHash, REConnect, and RESuite.
Renewable Energy Generators: Easily generate and trade Renewable Energy Certificates (RECs) through deeper data integration. We simplify solar rooftop device registration with fewer documents and faster approvals.
Technology Solution Providers: Sustainability platform providers offering carbon accounting can integrate REC supply onto their platform. This allows your clients to redeem RECs and support their Scope 2 decarbonisation goals.
Green Products Manufacturers: Showcase your commitment to renewable energy by using RECs to demonstrate that clean energy sources power your manufacturing process. This can be valuable for Green Hydrogen producers, Aluminium and Steel producers exporting to the EU, EV Charging Operators, and Battery Manufacturers.
To get started, email platform@redex.eco to schedule an online meeting.
REAPI is a lightweight, web-based REST (Representational State Transfer) API, compatible with most programming languages.
REAPI is a web-based Representational State Transfer (REST) architectural style API. It is lightweight and can be integrated with most programming languages.
Yes, we provide a shared sandbox environment for all our partners. Dedicated sandbox environments can be considered if the volume and nature of the integration require such support.
Please refer to our detailed public API documentation.
Depending on the functionality involved, the API cost will be discussed as part of the engagement process.
All calls to our API are protected by OAuth2 tokens and encrypted via HTTPS traffic.
All our APIs are configured with rate limiting to control the number of requests, helping to protect against abuse and denial-of-service attacks.
I-REC(E) Registry
The I-REC(E) is regulated by the International Tracking Standard Foundation in collaboration with local and national authorities. This ensures that the certificates meet stringent guidelines and adhere to international standards, providing businesses with a reliable method of certifying their renewable energy usage.
An I-REC(E) interest refers to the stake a company or individual holds in promoting and utilising renewable energy. By acquiring I-RECs(E), entities demonstrate their commitment to sustainable energy practices, contributing to global decarbonisation efforts and environmental responsibility.
Purchasing an energy attribute certificate such as the I-REC for Electricity, or I-REC(E), is pivotal for businesses aiming to authenticate their renewable energy use and reduce their carbon footprint. The I-REC(E) offer a credible and auditable means to support renewable energy initiatives, enhance corporate sustainability, and comply with international environmental standards.
APX TIGR Registry
An APX TIGR Registry account provides users with an online platform to track and transfer Renewable Energy Certificates (RECs), allowing developers to generate, verify, and sell RECs.
Once a Retirement Certificate is requested in TIGR, it typically cannot be amended, meaning you can no longer move or transfer it out of the Retirement Sub-account. This process is designed to maintain the integrity and transparency of the REC retirement system. That way, retired RECs can no longer be transferable to another party.
The TIGR Registry plays a pivotal role in supporting REC issuance and tracking by providing a centralised and secure digital platform for recording and managing RECs. The platform helps streamline the issuance process, ensuring accurate and reliable tracking of RECs throughout their lifecycle.
