REC definition: Copy, customize, and use instantly
Introduction
The term "REC" refers to Renewable Energy Certificates, which represent proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy source. These certificates are essential in environmental markets, allowing entities to meet sustainability goals, comply with regulations, or trade green energy attributes.
Below are various examples of how "REC" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of REC as a marketable certificate
This definition ties REC to a tradable asset in renewable energy markets.
"REC" means a Renewable Energy Certificate that represents the environmental attributes of one megawatt-hour of electricity generated from a renewable source.
Definition of REC as proof of renewable energy generation
This definition connects REC to evidence of clean energy production.
"REC" refers to a certificate issued to verify that a specific amount of electricity has been generated from renewable resources.
Definition of REC as a compliance mechanism
This definition links REC to regulatory compliance requirements.
"REC" means a regulatory instrument used to demonstrate compliance with renewable energy mandates and sustainability obligations.
Definition of REC as a tradable commodity
This definition applies REC to an asset that can be bought and sold in environmental markets.
"REC" refers to a marketable unit representing the environmental benefits of renewable electricity generation.
Definition of REC as a green energy attribute
This definition ties REC to the environmental benefits of clean energy.
"REC" means the non-energy attributes associated with electricity generated from renewable sources, separate from the physical electricity itself.
Definition of REC as a financial incentive
This definition connects REC to a mechanism supporting renewable energy financing.
"REC" refers to a financial instrument that incentivizes investment in renewable energy projects by providing a separate revenue stream.
Definition of REC as an accounting tool
This definition links REC to the documentation of renewable energy usage.
"REC" means a certified accounting mechanism for tracking the amount of renewable electricity generated and used by an entity.
Definition of REC as a voluntary renewable energy credit
This definition applies REC to non-mandatory environmental commitments.
"REC" refers to a renewable energy credit purchased voluntarily to offset conventional energy use and reduce carbon footprints.
Definition of REC as a compliance credit
This definition ties REC to government-mandated renewable energy targets.
"REC" means a renewable energy certificate issued under a government program to meet renewable portfolio standards.
Definition of REC as a corporate sustainability instrument
This definition connects REC to corporate ESG strategies.
"REC" refers to a certificate used by organizations to fulfill sustainability commitments and demonstrate renewable energy procurement.
Definition of REC as a carbon offset mechanism
This definition links REC to reducing greenhouse gas emissions.
"REC" means an instrument used to offset carbon emissions by ensuring the generation of renewable electricity.
Definition of REC as a renewable portfolio standard requirement
This definition applies REC to mandated renewable energy procurement.
"REC" refers to a certificate required for compliance with state or national renewable energy portfolio standards.
Definition of REC as a clean energy transaction unit
This definition ties REC to financial exchanges in green markets.
"REC" means a unit of exchange representing renewable energy attributes that can be traded between entities.
Definition of REC as a green energy certification
This definition connects REC to independent verification of renewable energy claims.
"REC" refers to an independently certified document verifying that electricity has been generated from renewable sources.
Definition of REC as an incentive for renewable energy developers
This definition links REC to financial benefits for energy producers.
"REC" means a certificate that provides an additional revenue stream for renewable energy project developers.
Definition of REC as a contractual renewable energy instrument
This definition applies REC to legally binding agreements.
"REC" refers to a contractual instrument that ensures an entity's purchase of renewable energy attributes.
Definition of REC as an environmental compliance tool
This definition ties REC to meeting sustainability laws and policies.
"REC" means a renewable energy certificate used as proof of compliance with environmental regulations.
Definition of REC as a renewable energy tracking system component
This definition connects REC to national energy tracking databases.
"REC" refers to a certificate registered within a renewable energy tracking system to document renewable electricity generation.
Definition of REC as an alternative energy procurement method
This definition links REC to organizations seeking to procure clean energy.
"REC" means an alternative mechanism for entities to meet renewable energy targets without directly purchasing green power.
Definition of REC as a component of power purchase agreements
This definition applies REC to contractual energy supply deals.
"REC" refers to a renewable attribute that may be bundled or unbundled in power purchase agreements.
Definition of REC as a sustainability reporting metric
This definition ties REC to environmental impact disclosures.
"REC" means a unit used in corporate sustainability reporting to quantify renewable energy purchases.
Definition of REC as a tradable renewable attribute
This definition connects REC to a marketplace for environmental benefits.
"REC" refers to a tradeable unit of renewable electricity’s environmental and social benefits.
Definition of REC as a tool for carbon neutrality
This definition links REC to achieving net-zero emissions.
"REC" means a certificate used to help organizations achieve carbon neutrality by supporting renewable energy generation.
Definition of REC as a market-based sustainability solution
This definition applies REC to economic models for green energy adoption.
"REC" refers to a market-driven mechanism enabling companies to support renewable energy development.
Definition of REC as a mechanism for additionality in renewable energy
This definition ties REC to verifying new renewable energy investments.
"REC" means a certificate ensuring that renewable energy purchases contribute to the growth of new clean energy projects.
Definition of REC as an asset in energy procurement strategies
This definition connects REC to companies’ energy sourcing plans.
"REC" refers to a financial and contractual tool used in strategic energy procurement.
Definition of REC as an instrument in electricity retail markets
This definition links REC to the sale of renewable energy by suppliers.
"REC" means a certificate used by electricity retailers to offer green energy options to consumers.
Definition of REC as proof of green energy use in data centers
This definition applies REC to IT infrastructure sustainability.
"REC" refers to renewable energy certificates purchased by data centers to meet green energy targets.
Definition of REC as a clean energy compliance instrument for utilities
This definition ties REC to renewable energy obligations for power providers.
"REC" means a certificate used by utilities to demonstrate compliance with renewable energy mandates.
Definition of REC as a verification tool for net-zero goals
This definition connects REC to companies’ environmental commitments.
"REC" refers to a renewable energy certificate ensuring that organizations meet net-zero sustainability goals.
Definition of REC as an environmental impact offset for energy consumers
This definition links REC to reducing indirect carbon emissions.
"REC" means a certificate purchased by businesses or individuals to offset non-renewable electricity consumption.
Definition of REC as a component of green power programs
This definition applies REC to voluntary renewable energy programs.
"REC" refers to a unit issued within a green power program to support clean electricity generation.
Definition of REC as a transferable clean energy attribute
This definition ties REC to renewable energy transactions across industries.
"REC" means a renewable energy certificate that can be transferred between entities to meet sustainability objectives.
Definition of REC as a certification under government renewable policies
This definition connects REC to national and regional sustainability frameworks.
"REC" refers to a certificate issued under government policies to track and verify renewable energy production.
Definition of REC as a sustainability metric for real estate development
This definition links REC to green building certifications.
"REC" means a certificate used to certify that real estate developments incorporate renewable energy solutions.
Definition of REC as an incentive for community solar programs
This definition applies REC to shared renewable energy initiatives.
"REC" refers to a unit that supports the development and expansion of community solar projects.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.