Renewable Energy Labels FAQ

Eligibility - What is the age limit on projects under the new Renewable Energy Label?

The new Gold Standard Renewable Energy Label seeks to support the transition to a low-carbon economy through catalysing the expansion of renewable energy capacity globally. As such, projects may receive Issuance of Gold Standard Renewable Energy Labels for a maximum of two GS4GG Certification Renewals, amounting to a total of 15 years Issuance.

 

Eligibility - What projects are eligible to receive certification under the Gold Standard Renewable Energy Label?

To be eligible, a project must delivery grid connected renewable energy certified under an eligible Renewable Energy Product Standard, such as the I-RECs Standard. A list of eligible renewable energy technologies is included in the GS4GG Renewable Energy Activity Requirements.

 

  Eligibility - Does the Gold Standard Renewable Energy Label apply to all Renewable Energy Attribute Certificates?

Initially, the Gold Standard Renewable Energy Label is limited to International RECs (I-RECs), which applies to projects outside of Europe and the United States. Gold Standard is open, however, to labelling other products where there is demand and scope for Gold Standard involvement. Gold Standard is interested to hear from stakeholders interested in labelling other renewable energy products.

 

Procedure - Can I change my mind on issuance and replace Renewable Energy Labels with VERs, or vice versa?

Yes.

 

Procedure - Can I transfer existing VERs to Renewable Energy Labels under Gold Standard for the Global Goals?

Existing projects that transition to Gold Standard for the Global Goals can also choose to cancel their issued VERs for an eligible time-period and issue Renewable Energy Labels instead.

These projects will have to be Registered under an eligible Renewable Energy Product Standard, such as the I-RECs Standard.  Initially, the Gold Standard Renewable Energy Label is limited to the I-RECs Standard, which applies to projects outside of Europe and the United States.  We recommend that you check any I-REC restrictions on issuance, for example regarding I-REC lifecycles and maximum vintages they accept.

 

Procedure - Can I issue both VERs and Renewable Energy Labels for the same MWh?

No. To avoid double counting you cannot issue Renewable Energy Labels and VERs for the same MWh.

 

Procedure - Does my project need to demonstrate Ongoing Financial Need, or additionality, for I-RECs to be issued?

In line with renewable energy certificate market practice, projects issuing renewable energy labels are not required to demonstrate Ongoing Financial Need, or ‘Additionality’. However, if a project wishes to also be able to issue Gold Standard VERs, it will need to demonstrate Ongoing Financial Need and Additionality, as per the Product Requirements for issuance of Gold Standard VERs.