Bahrain: First Renewable Energy Certificate Issued
Following directives from Bahrain’s Government Executive Committee, the President of the Sustainable Energy Authority has announced the first Renewable Energy Certificate has been issued. The aim is to enhance the use of renewable energy in the Kingdom and it has been issued as part of the phased implementation of the renewable energy certification programme. The programme will use Blockchain solutions to ensure transparency and enable the tracking and verification of every certificate issued to each system registered in the programme to prevent electronic breaches. It will allow producers to directly record the productivity of the renewable energy systems they own on the platform so the Authority can verify the amount of energy produced and approve it through a Renewable Energy Certificate. The Certificate will be issued electronically for every 1 megawatt hour produced and approved by the Authority. Producers of renewable energy will also be able to offer renewable energy certificates for sale to those looking to invest in renewable energy and benefit from certificates to overcome the challenges preventing them from producing renewable energy themselves. It will enable investors and financing institutions to evaluate investment opportunities, finance sustainable energy projects and verify energy output produced through reliable and approved programmes and tools.