The Renewable Energy Guarantee of Origin (YEK-G) System and the Organized YEK-G Market to enable electricity producers to prove the source of renewables under Turkey’s Energy Exchange Istanbul (EXIST) launched for contracts.<\/p>\n
Turkey’s Energy and Natural Resources Minister, Fatih Donmez, lauded the new certification system for helping support and increase the country\u2019s clean energy power during the market\u2019s opening ceremony on Monday.<\/p>\n
Turkey’s renewable capacity grew steadily, particularly over the last few years, to currently account for about 45% of the country’s total electricity generation.<\/p>\n
Each 1 megawatt-hour of renewable energy supplied to the network by the licensed generation facilities in the system will be recorded and documented.<\/p>\n
According to EXIST, participation in the YEK-G System will be on a voluntary basis.<\/p>\n
Through the YEK-G renewable energy accreditation, in the form of an identity card, the energy of final consumers will show any renewable energy used.<\/p>\n
The system will ensure that supply and distribution companies will be able to verify renewable energy in their portfolio within the scope of their obligations.<\/p>\n
Consumers, likewise, will be able to obtain information about the energy sources they purchase with the option to choose renewables to contribute to environmental protection.<\/p>\n
Donmez confirmed that 100 participants signed up to the system by June 21.<\/p>\n
“These participants registered 127 renewable energy power plants in the system. Fifty-three participants have an electricity generation license while the rest have an electricity supply license,” he said, adding that certification for 5.2 terawatt-hours of renewable electricity had been set up by June 21.<\/p>\n
EXIST’s General Manager Ahmet Turkoglu said that renewable energy certificates became accessible to both corporate organizations and individual consumers with the YEK-G System developed by EXIST using blockchain technology.<\/p>\n
“Our goal with the YEK-G System is to expand the use of renewable energy sources in electricity produced and consumed, create a new source for our industry and contribute to the protection of the environment,” Turkoglu added.<\/p>\n