JAKARTA – SUN Energy has become the first solar power developer company in Indonesia to register 10Mwp (Megawatt peak) of its assets on the first blockchain-enabled platform, REC Indonesia, according to a written statement from the company, Sunday (20/3).
REC or Renewable Energy Certificate is a market-based instrument with a value equivalent to 1 MWh (Megawatt hour) per REC unit. Philip Lee, CEO of SUN Energy said, with REC, buyers are declared to have assets sourced from renewable energy.
“We are aware of the difficulties of companies that want to use solar energy as an energy source, but the location of their buildings does not allow the installation of solar powered generators to be installed. For example, multinational companies do not have their own buildings in Indonesia, they can contribute to using solar energy by purchasing REC,” he said.
Indonesia is a country that is rich in potential for new and renewable energy (NRE), one of which is solar energy. Despite having great potential, unfortunately the utilization of solar energy in Indonesia is still very low, at 0.3 percent. Seeing the gap in the potential and utilization of solar energy, SUN Energy provides solutions for companies that want to claim the use of renewable energy.
One of the solutions offered is by purchasing a renewable energy certificate (REC) according to the amount equivalent to the non-renewable energy consumed by the company. Currently, according to him, SUN Energy has registered 10 MWp of solar-powered generator project assets on REC Indonesia’s blockchain technology-based platform.
Through asset registration and ownership of the 10 MWp REC certificate, SUN Energy strengthens its position as the number one Solar Developer in Indonesia which opens the widest possible access to the public so as to create energy democratization in Indonesia.
“This effort is part of our commitment with the government to address the impacts of climate change as agreed at COP21 in Glasgow last year,” said Lee.
The REC Indonesia platform is the first REC platform in Indonesia that brings together sellers and buyers. Sellers are companies that have listed assets, owned RECs and can sell their RECs to buyers in the marketplace.
Meanwhile, a buyer is a company that wants to take part in sustainability by proposing to purchase REC from the certificate holders. Through the purchase of REC, buyers contribute to realizing their commitment to reducing the impact of climate change through ownership of REC. (Hartatik)
