EWEC & Zero Two made largest single purchase of Clean Energy Certificates

EWEC & Zero Two made largest single purchase of Clean Energy Certificates

Emirates Water and Electricity Company (EWEC), a leading company in the integrated coordination of planning, purchasing, and supply of water and electricity across the UAE, and Zero Two, a leading digital assets infrastructure development company based in Abu Dhabi, have jointly completed the largest single purchase of Clean Energy Certificates (CECs), covering 7.3 million megawatt hours of clean energy.

The purchase agreement was signed by Mr. Othman Al Ali, Chief Executive Officer of EWEC and Mr. Ahmed Al Hameli, Chief Executive Officer of Zero Two.

The CECs were purchased through EWEC’s CECs auction process and represent not only the largest ever single CECs purchase to date but also the first in the digital assets infrastructure sector. Under the purchase agreement, EWEC will provide Zero Two with clean energy certificates to decarbonize its operations and support the company’s progress against sustainability objectives.

Othman Al Ali

CEO – EWEC “Our clean energy transaction with Zero Two provides EWEC with a unique opportunity to further accelerate the country’s energy transition and decarbonization of industries in line with the UAE Net Zero by 2050 strategic initiative. This first-of-its-kind transaction in the digital assets infrastructure sector, which also constitutes the largest ever single CECs purchase to date, demonstrates both