Vietnamese I-REC prices hit record low, unredeemed figures rise to 1.32 TWh

The Vietnamese International Renewable Energy Certificate market is grappling with issues of oversupply and record low prices. From January to July, unredeemed current-year vintage Vietnamese I-RECs was recorded at 1.32 TWh, marking an 11% increase compared with the same period last year, data from I-TRACK Foundation showed. Despite redemption figures for current-year I-RECs being up 353% compared with last year,…The Vietnamese International Renewable Energy Certificate market is grappling with issues of oversupply and record low prices. From January to July, unredeemed current-year vintage Vietnamese I-RECs was recorded at 1.32 TWh, marking an 11% increase compared with the same period last year, data from I-TRACK Foundation showed. Despite redemption figures for current-year I-RECs being up 353% compared with last year,…  Read More