The International Tracking Standard Foundation (I-TRACK Foundation) Board has appointed Energy and Petroleum Regulatory Authority ( EPRA) as the official local issuer of the International Renewable Energy Certificates I-REC(E). This bestows on EPRA a new role of inspecting energy generation facilities across Kenya to verify electricity generated is from renewable sources.
Speaking on the approval, EPRA Director-General Mr Daniel Kiptoo said the milestone aligns with the authority’s mandate of leading the charge of Kenya’s journey to full realisation of renewable and sustainable energy by 2030. A company with an I-REC(E) certificate receives favourable investor attention as their operations are deemed eco-friendly in line with ESG goals.
“Kenya is on the cusp of achieving 100 percent renewable energy electricity generation which currently stands at 80.04% percent contribution to the energy mix. We have remained steadfast in harnessing energy from renewable energy sources. Geothermal energy stands at 26.37 percent, interconnected solar PV systems (12.38 percent) and wind energy contributed 12.19 percent. The trajectory towards renewable energy is expected to persist as more power projects are completed and connected to the grid from geothermal sources,” he said.
EPRA’s appointment follows a rigorous review of its expert capabilities by the I-REC team, which will see it take over the new role from the Green Certificate Company (GCC).
I-REC(E) certification is in conformity to Kenya’s ambitions under the Paris Agreement and the Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
Green investors require that renewable energy project companies to seek an I-REC certificate to affirm their clean energy status . This opens a leeway for companies to access patient and affordable funding for faster implementation of projects.
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