The auction represents a critical component of EWEC’s strategy to enhance the role of renewable energy in the region’s power sector. The CECs auction allows businesses and organizations to purchase certificates that represent the generation of one megawatt-hour of clean energy. This initiative aligns with the UAE’s broader goals of increasing the share of renewable energy in its electricity mix and reducing greenhouse gas emissions.
EWEC’s move is part of its ongoing efforts to support the UAE’s energy transition as outlined in its 2050 Energy Strategy, which targets a substantial increase in the contribution of renewables to the country’s energy mix. This auction will play a pivotal role in providing market participants with the means to meet their sustainability goals and regulatory requirements.
The registration process for the auction is accessible through the EWEC website, where prospective participants can find detailed information and guidance on how to complete their registration. Companies interested in taking part are encouraged to review the auction guidelines thoroughly to ensure compliance with the eligibility criteria and auction rules.
The auction’s format will include both competitive bidding and fixed-price elements, designed to attract a diverse range of participants from across the energy sector. By integrating these elements, EWEC aims to foster a competitive market environment that promotes transparency and efficiency.
EWEC's initiative is expected to stimulate significant interest from various stakeholders, including energy producers, large corporations, and other entities committed to advancing their sustainability practices. The outcome of the auction will contribute to the UAE’s objectives of achieving a balanced and resilient energy system while supporting its international climate commitments.
The clean energy certificates represent a key mechanism for tracking and verifying the generation of renewable energy, offering a practical way for organizations to demonstrate their commitment to sustainability. As part of the auction, participants will have the opportunity to secure these certificates, further embedding clean energy into their operations and contributing to the broader environmental goals set by the UAE.
For additional information and to register, interested parties should visit EWEC’s official website at www.ewec.ae/en/CleanEnergyCertificates or contact EWEC’s Clean Energy Certificates team directly. This auction marks a significant step in the ongoing evolution of the UAE’s energy market and its commitment to a sustainable future.