Registry launched for renewable energy certificates

Singapore

FOLLOWING the landmark offsite power purchase agreement between Apple and local solar company Sunseap, a pilot project for renewable energy certificates - thus far a foreign concept in South-east Asia - has been launched in Singapore.

The platform is expected to allow companies without the ability to invest in their own solar panels or other renewable energy sources to buy green energy certificates, and those with excess green power to sell to them. But with the concept so new to the regional market, some observers question whether it will take off here.