Polyus Group of Companies acquired Green Certificates I-REC. The purpose of the transaction is to compensate for the emissions of greenhouse gases developed during the production of a group of electricity remaining in the energy balance of a group of non-renewable sources. Taking into account the previously concluded major contracts for the supply of hydroelectric energy, according to the results of the Polyus transaction, 100 percent covers the needs of the Group in electricity due to renewable sources. About this “Lente.ru” told in the press service of the group of companies.
“Pole” becomes the first major gold mining company in the world, entirely covering its needs due to renewable energy sources. This is an extremely important step for our company, and we hope that our example will follow other market participants in Russia, so And abroad. The transition to renewable energy sources is the key aspect of the transformation of the global economy in order to prevent climate destabilization. The success of this transformation in our total long-term interests, “Commented on the news General Director of Polyus Polalev Grachev.
Certificates purchased by a group that cover 1 quarter of 2021 are provided with energy produced from renewable sources in a total of 303.5 gigawatts per hour. The issuers of certificates were PJSC “TGK-1” (Lower Svirkaya GES-9 and Upper-Svirkaya GES-12 as generating objects) and VitimEnergosbyt JSC (Mamakan HPP as a generating facility). A transaction with TGC-1 was made on the cloud platform of the laboratory of Sberbank Blockchain, on the basis of which transactions are recorded according to certificates.
I-REC certificates are confirmed by records for the production of an appropriate energy from renewable sources. In accordance with the international standards adopted, I-REC certificates can be produced by electricity producers and to be purchased by third-party organizations. They are a generally accepted and widespread emission compensation tool and support for renewable energy development.
Polyus plans to continue to acquire certificates and cover the amount of energy from non-renewable sources in their account consumed for the corresponding expired period. As a result, the Group plans to cover 100 percent of electricity consumed due to the direct supply of “green” energy and by purchasing I-REC certificates.
Purchase of “green” certificates is one of the tools in the framework of the long-term transition of the Pole on renewable energy sources. Currently, the company is working on a climate strategy that will provide a set of measures in the field of renewable energy.