EWEC’s Q4 2022 Clean Energy Certificates auction yields biggest results since inception

EWEC’s Q4 2022 Clean Energy Certificates auction yields biggest results since inception

Abu Dhabi, UAE: EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, today announced that its most recent Clean Energy Certificates (CECs) auction that took place in December 2022 was the most successful auction to date, selling over 9 million CECs to Abu Dhabi based entities across different sectors and industries.

Introduced by the Abu Dhabi Department of Energy (DoE), the CEC scheme is a strategic initiative that provides Abu Dhabi companies the ability to adopt a reliable system that verifies their clean energy consumption claims, and to support the UAE’s transition towards a sustainable, decarbonised economy in line with the UAE Net Zero by 2050 strategic initiative.

Othman Al Ali, Chief Executive Officer of EWEC, said: “Following the CECs scheme’s first-year anniversary last September, our Q4 2022 auction results are clear proof of the scheme’s continued success in enabling major Abu Dhabi based entities to decarbonise their electricity consumption. The innovative scheme is rapidly evolving and continues to attract multiple companies from diverse sectors to support the UAE in achieving its economic and sustainability goals. As the UAE capital hosts Abu Dhabi Sustainability Week, EWEC