The I-REC Standard Foundation announced on 23 August 2022 that it is temporarily pausing the issuance of I-RECs for twenty Independent Power Producers (IPPs) in Indonesia. It seemingly affects all production devices registered under the I-REC(E) system in the country. This decision follows an announcement from state-owned power utility, PLN, stating IPPs in the country are not allowed to sell green energy attributes directly to the market. Instead, PLN argues that all sales of green attributes need to go through the state-owned power utility, which also has a monopoly on power distribution in Indonesia. We take a closer look into the details behind this development.
Competing EAC Systems in Indonesia The first I-RECs were issued in Indonesia in 2018. The market grew considerably in 2019 but the growth curve was stalled in 2020. This is in contrast to the strong growth of I-RECs globally. This diverging trend could su…
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