{"id":77614,"date":"2023-05-24T01:00:37","date_gmt":"2023-05-24T01:00:37","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/uaes-two-zero-buys-7-3-mn-mwh-worth-of-clean-energy-certificates-from-ewec\/"},"modified":"2023-05-24T01:00:37","modified_gmt":"2023-05-24T01:00:37","slug":"uaes-two-zero-buys-7-3-mn-mwh-worth-of-clean-energy-certificates-from-ewec","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/uaes-two-zero-buys-7-3-mn-mwh-worth-of-clean-energy-certificates-from-ewec\/","title":{"rendered":"UAE\u2019s Two Zero buys 7.3 mn MWh worth of clean energy certificates from EWEC"},"content":{"rendered":"

<\/a> EWEC makes its biggest single sale of clean energy certificates:<\/strong> The Emirates Water and Electricity Company (EWEC) has made its biggest single sale of clean energy certificates<\/a> to UAE\u2019s digital infrastructure developer Two Zero<\/a>, according to a statement<\/a>. The company purchased 7.3 mn MWh of clean energy through EWEC\u2019s auction process in a bid to decarbonize its operations and reach its sustainability objectives. This marks EWEC\u2019s first sale to the digital assets infrastructure sector. The price of the purchase agreement was not disclosed.<\/p>\n

EWEC\u2019s last auction sold big:<\/strong> EWEC sold over 9 mn certificates<\/a> last January to Abu Dhabi based entities across different sectors, six months after the company\u2019s fourth auction was held in June 2022. The equivalent of 9 mn certificates in MWh of renewables was not disclosed at the time.<\/p>\n

SOUND SMART-<\/strong> Renewable energy certificates (RECs) \u2014 of which clean energy certificates fall under \u2014 are a MWh-by-MWh way of proving that you own or created renewable energy. An REC is issued when one MWh is delivered to the electricity grid from a renewable energy source, the US Environmental Protection Agency (EPA) notes<\/a>. While carbon credits help reduce greenhouse gas emissions, renewable energy certificates offset non-renewable electricity use<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

EWEC makes its biggest single sale of clean energy certificates: The Emirates Water and Electricity Company (EWEC) has made its biggest single sale of clean energy certificates to UAE\u2019s digital infrastructure developer Two Zero, according to a statement. The company purchased 7.3 mn MWh of clean energy through EWEC\u2019s auction process in a bid to […]<\/p>\n","protected":false},"author":1,"featured_media":77615,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[257],"tags":[1122,662,74,11,356,88,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-decarbonization","tag-carbon-footprint","tag-climate","tag-decarbonization","tag-enterpriseclimate","tag-ewec","tag-renewables","tag-uae","wpautop","entry"],"acf":{"mongo_id":"af8eeaf0-0e81-499d-942b-87d0e1d87c72","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1917.jpg","photo_position":"above","related_issue":[77604],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Two Zero buys 7.3 mn MWh worth of clean energy certificates from EWEC - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/uaes-two-zero-buys-7-3-mn-mwh-worth-of-clean-energy-certificates-from-ewec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Two Zero buys 7.3 mn MWh worth of clean energy certificates from EWEC\" \/>\n<meta property=\"og:description\" content=\"EWEC makes its biggest single sale of clean energy certificates: The Emirates Water and Electricity Company (EWEC) has made its biggest single sale of clean energy certificates to UAE\u2019s digital infrastructure developer Two Zero, according to a statement. 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