2024 REM™ Asia Award Winners

2024 Winners

Asia Clean Energy Coalition

The Asia Clean Energy Coalition, which was launched in partnership with prominent environmental organizations including Climate Group, Global Wind Energy Council, and The World Resources Institute, drives transformative change in Asia's clean energy market. It excels in convening renewable energy stakeholders to advocate for favorable policy environments, focusing on priority markets like Indonesia, Japan, Singapore, South Korea, and Vietnam. The coalition engages governments with agile and sophisticated messaging, promoting thought leadership in Indonesia, support for the Green Premium Program in Korea, and advocacy for Direct Power Purchase Agreements in Vietnam. It lends support to the ASEAN Power Grid and collaborates with organizations for cross-border clean energy trading, aiming for accessible and affordable clean energy in Asia by 2030.

BASF Asia Pacific

In spearheading sustainability efforts across the region in support of its clean energy goals, BASF Asia Pacific has been driving innovative initiatives, including the Dispersed Power Production Program concept in China in 2019 and securing groundbreaking renewable energy deals. The company was the first to sign a renewable deal in Guangdong Province in 2021. Last July, BASF formed an equity partnership on the first Sino-German offshore wind farm project with Mingyang Wind Power and offtake commitment of a 20-year PPA. In October, BASF Taiwan won the first bid in a renewable energy auction by Taipower, and signed the largest publicly announced corporate PPA in South Korea.

Clean Energy Buyers Institute (CEBI)

Last year CEBI launched the Clean Energy Procurement Academy, a collaboration between CEBI and corporate sustainability leaders including Apple, Amazon, Nike, and others, that spearheads the approach to training for clean energy procurement. Combining in-person workshops and online training, CEBI targets supplier companies globally, aiming to decarbonize supply chains. Focused on the APAC region, the Academy aims to educate and mobilize suppliers, addressing Scope 3 emissions and advancing clean energy procurement. Initial sessions in China attracted over 65 participants from nearly 40 companies. Expansion plans include three more APAC countries by next year, training hundreds of suppliers to drive the clean energy transition in Asia.

CLP Power Hong Kong Limited

As Hong Kong’s major power utility, CLP Power Hong Kong Limited is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. To this goal, CLP Power collaborates with hyperscale data center specialists to procure clean energy. In 2019 it launched its own Renewable Energy Certificate program, which offered its customers a simple way to support local and 24/7 renewable energy. CLP also recognizes the contribution of customers in purchasing RECs through its Smart Energy Awards. CLP Power’s collaborations extended to the banking sectors, encouraging small and medium-sized enterprises to purchase RECs.

Corporate Renewable Energy Foundation (CREF)

As a local partner of the London-based Climate Group, CREF facilitated over 30 major Korean companies to join RE100, aiming for 100% renewable energy by 2050. Despite a lack of diverse procurement options in Korea, since 2021 CREF has engaged in policy advocacy and corporate engagement that has resulted in streamlining of Korea's PPA scheme, including the elimination of double-charged transmission and distribution costs. CREF created the first-of-its-kind standardized platform to enable renewable energy transactions between market players in Korea. It organized RE-Sourcing Forums in 2022 and 2023 that connect corporations, SMEs, and startups, addressing policy barriers and facilitating business matching. In 2023, CREF also improved Korea's energy certificate system, particularly for SMEs, through a research project commissioned by the Korea Energy Agency.

Philippine Electricity Market Corporation (PEMC)

PEMC is presently the designated Renewable Energy Registrar (RER) of the Renewable Energy Market (REM), which serves as the venue for the issuance and trading of RECs in the Philippines. Through the REM, the RER issues and verifies RECs from eligible RE generation facilities and reports the compliance levels of Mandated Participants with their annual Renewable Portfolio Standards (RPS) obligations to the Department of Energy (DOE) pursuant to the RE Law.

Moreover, PEMC manages the Philippine Renewable Energy Market System (PREMS), the main system for the REM, facilitates the review and approval of proposed changes to the Market Rules and Manuals, and conducts REM-related trainings for their approximately 300 participants.

Powertrust

Powertrust’s model is to support clean energy developers in emerging markets by aggregating the electricity from many small-scale projects, then offering it to global corporates as distributed renewable energy certificates, allowing companies to achieve higher social and environmental impact while also unlocking new financing for project developers in the global South.

This model helps ensure financial stability through long-term D-REC purchases, often up to 8 years, which guarantees consistent cash flows for rural enterprises, facilitating repayment. This approach benefits agricultural and processing ventures, transitioning from diesel to solar power, thereby reducing emissions.

Powertrust’s clients include companies like Salesforce, Netflix, and REI that are using D-RECs to address their Scope 2 & 3 emissions, while ensuring investments contribute to impactful energy poverty alleviation throughout emerging markets.

About the REM™ Asia Awards

The annual Renewable Energy Markets™ Asia Awards recognize outstanding organizations, initiatives, and individuals that are driving clean energy adoption in Asia.

Applicants may include organizations using renewable energy, project developers, policy advocates, certificate providers, electricity suppliers, or others influential in developing and growing green power markets. For over a decade, CRS has partnered with the U.S. Environmental Protection Agency (EPA) on similar awards focused on the U.S. renewable energy market.

Contact Us

For questions or more information about the REM™ Asia Awards, contact remadmin@resource-solutions.org.

No endorsement by the U.S. EPA is intended or implied.