Lebanon Businessnews News

Green electricity made
available to consumers
Certificate program promoted


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The Lebanese Center for Energy Conservation (LCEC) has begun receiving applications from producers of renewable energy to register their power generation farms in order that LCEC issues international renewable energy certificates (I-RECs) on their behalf.

An I-REC is an Energy Attribute Certificate (EAC) that represents the environmental attributes for generating one megawatt hour (MWh) of electricity.

I-RECs will be sold to consumers of electricity who prefer to use renewable energy. Since the electricity injected into the national grid comes from different kinds of power generation facilities and consumers cannot know the source of the actual electricity they are using, the I-REC system connects them indirectly to producers of renewable energy.

The I-REC system is expected to expand the market for renewables and bring new players into the sector such as foreign companies operating in Lebanon that are committed to renewable energy, according to a workshop launched by UNDP, in partnership with the European Union (EU), the International REC Standard Foundation (IREC), and LCEC.

The I-REC system is especially suitable for businesses that don’t have roof space for solar panels. Renewable energy producers will also benefit from the increase in demand which will encourage more investment in the sector.

Lebanon obtained the approval of the International REC Standard Foundation for I-REC electricity issuance last year and LCEC is in charge of I-REC issuance.
Date Posted: Mar 31, 2023
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