22
Registered Australian production facilities with I-RECs issued by Oakley Greenwood.
4.9
GW
Total registered generation capacity eligible for I-REC issuance.
Hydroelectric
Primary energy source across registered I-REC production facilities.
9.4
TWh
I-RECs issued to registered generation facilities.
11.0
%
Certificates cancelled to claim renewable electricity consumption.
0.68
%
Australia's share of total certificates issued across the global I-REC market.
The Australian I-REC Market in Numbers
Data Source:
Tracking Standard
(Updated Monthly –
March 2026
)
Why do companies procure Australia I-RECs?
Australian I-RECs enable credible renewable electricity claims within Australia for
compliance purposes. These I-RECs are used to:
Report market-based Scope 2 emissions
Possible or mandatory under reporting standards like GHG Protocol, CDP, RE100, SBTI, and
more.
Without I-RECs, companies must report using Australia's residual mix carbon intensity,
currently
669.8 gCO2/kWh
.
Satisfy investor ESG mandates
Meet institutional investor requirements and sustainability fund eligibility criteria to
qualify for funding at better terms.
Meet customer demand for sustainability
Back defensible renewable electricity claims with registry-verified, audit-ready
cancellations.
Fund renewable generation
Channel capital to renewable energy producers through certificate revenue streams,
making further construction more economically viable.
Build an I-REC procurement strategy
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e.g. "We need to retire 20 GWh of certificates for GHG Protocol reporting"
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1
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Drop in any file and our AI handles the rest, identifying your regulatory requirements and matching your energy consumption to the right I-RECs.
2
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View transparent pricing from
4000
+ aggregated renewable energy producers in real-time.
3
Download your I-REC documentation
Once confirmed, we generate all the reports and documentation proving your renewable consumption, ready to download.
Australia runs a parallel system with LGCs domestically and I-RECs for international reporting. That dual structure confuses a lot of multinational procurement teams. The 24 registered I-REC facilities represent a fraction of Australia's renewable capacity because most generators participate in the domestic scheme instead.
Founder & CEO of Soldera
STENVER JERKKU
Managing Australian I-RECs alongside certificates from other regions shouldn't require separate platforms. Soldera's virtual account puts Australian procurement next to every other market you operate in, with automated compliance for RE100, CDP, and ESRS built in.
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