ALLCOT Group achieved the milestone of selling all the TIGRs originated with the project San Rafael AGEN SA. Now, ALLCOT is working on the process of generating a new batch of them to meet the demand of this kind of credits. Also, the company is working on the developing of other projects that will generate TIGRs.
The San Rafael project reduces emissions of energy generation by supplying the national grid with clean renewable energy. The project itself is a hydroelectric power generation with a capacity of 4.2 MW and is located in the San Macros province of Guatemala. The project is owned by AGEN S.A, a renewable energy developer registered in Guatemala who have developed and financed the project themselves with only support from the local bank.
The project has a positive social impact on the local communities where AGEN provides, employment and business opportunities for the locals, as well as improving the local infrastructure. This project advances the following United Nations Sustainability Development Goals: 7 (Ensure access to affordable, reliable, sustainable and modern energy for all); 8 (Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all) and 13 (Take urgent action to combat climate change and its impacts).
The Tradable Instrument for Global Renewables (TIGR) Registry is an online platform for tracking and trading RECs. The Registry enables developers to generate, verify, and sell RECs. It allows buyers to source RECs anywhere in the world while managing all assets in a single online portal.
Renewable energy certificates (RECs) track all environmental attributes of 1 megawatt hour of renewably generated power. This allows buyers to demonstrate progress toward sustainability goals in a metric, transparent, and verifiable way. For renewable power generators, RECs can provide an additional revenue stream and shorten payback periods on investments.
If you want to know more about TIGRs, you have more information here