(iStock)
REDEX, a Singapore-based renewable energy certificates (RECs) trading platform, has been chosen as the exclusive partner to Malaysia’s utility firm Tenaga Nasional Berhad (TNB)’s wholly-owned subsidiary TNBX. This partnership aims to develop the Malaysia Green Attribute Trading System (mGATS) into the leading digital trading platform for Malaysia Renewable Energy Certificates (mREC).
In a statement on May 20, REDEX announced that the upgraded platform will offer businesses a convenient way to meet their renewable energy commitments and accelerate Malaysia's move towards a sustainable energy future.
Launched five years ago as an information hub on RECs, the revamped mGATS will use REDEX’s advanced technological solutions to support live trading and auctions, offering price transparency for mREC acquisitions.
