Singapore to launch standards for renewable energy certificates

Singapore plans to launch standardised guidelines for renewable energy certificates, part of efforts to decarbonise its power sector and develop a regional grid, a minister said on Tuesday.

The certificates, called RECs, are market-based instruments substantiating that electricity has been generated from renewable energy sources. One certificate represents that one megawatt-hour (MWh) of electricity was generated from a renewable energy source and delivered to the grid.