Sustainiam, a carbon management startup, announced it has onboarded Brookfield’s 400 MW of renewable assets for the registration, issuance, and trading of International Renewable Energy Certificates (I-REC). This portfolio primarily consists of wind assets.
The 400 MW portfolio, now being processed for I-REC registration through Sustainiam’s issuance and trading platform, will enable Brookfield to tap into the growing demand for renewable energy certificates, ensuring their assets generate verified and tradable I-RECs. This is a crucial step for Brookfield as it expands its operations in India, where it currently oversees more than 25 GW of wind and solar assets, with ambitious plans to scale its renewable energy footprint further.
With Sustainiam’s platform, Brookfield gains access to real-time tracking and trading of I-RECs.
Brookfield recently acquired a controlling stake in Leap Green Energy, a prominent player in India’s renewable energy market. The partnership between Brookfield and Sustainiam aims to streamline the carbon credit certification process, making it easier for Brookfield to achieve its decarbonization goals while contributing to global renewable energy transitions.
Sustainiam has already built partnerships with major brands, including Sheraton Hotels & Resorts, ITC Responsible Luxury, WelcomHotel, Cargill, Radisson and Coca-Cola, offering them real-time insights and streamlined solutions for managing and trading renewable energy certificates.
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