Voltalia Comercializadora, a Brazil-based trading company of Voltalia Group, recently sold nearly 13,000 International Renewable Energy Certificates (I-RECs) to Magalu, Brazil's top e-commerce platform, reported by BNamericas.
The certificates are for electricity generated in 2021 at Voltalia's wind farms in the state of Rio Grande do Norte, where the company is establishing the Serra Branca cluster, its largest wind and solar complex with a potential capacity of 2.4 GW.
I-REC is an international standardized system for granting green energy certificates. Each certificate represents 1 MWh of renewable energy generated. Companies can declare low greenhouse gas emissions from energy use if they have access to certificates issued under the I-REC standard.
To date, Voltalia has issued more than 4 million I-RECs, with additional 1 million I-RECs having been secured for clients across industries in the years to come.
“Over the past few years, Voltalia has seen a considerable increase in our sales,” said Amaury Neto, director of asset management at Voltalia. The company expect an even higher increase in the future, as the net zero issue on the rise and a genuine interest from many Brazilian enterprises to engage in this transformation.
Meanwhile, the corporation has also branched out into the carbon credits market, with four power producing complexes that have received carbon credit certification. Neto added that Voltalia view the carbon market as complementary to the I-REC market in terms of achieving the goals pledged by nations at COP 26 last year.
Voltalia had 748 MW of installed power capacity in Brazil as of December, including 732 MW of wind, 4 MW of solar, and 12 MW of hybrid power, as well as 506 MW under construction (99.4 MW of wind and 407 MW of solar).
