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’s digital infrastructure developer Two Zero, according to a statement. The company purchased 7.3 mn MWh of clean energy through EWEC’s auction process in a bid to decarbonize its operations and reach its sustainability objectives. This marks EWEC’s first sale to the digital assets infrastructure sector. The price of the purchase agreement was not disclosed.

EWEC’s last auction sold big: EWEC sold over 9 mn certificates last January to Abu Dhabi based entities across different sectors, six months after the company’s fourth auction was held in June 2022. The equivalent of 9 mn certificates in MWh of renewables was not disclosed at the time.

SOUND SMART- Renewable energy certificates (RECs) — of which clean energy certificates fall under — 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. While carbon credits help reduce greenhouse gas emissions, renewable energy certificates offset non-renewable electricity use.