Universal Energy, a Chinese renewable energy company based in Shanghai, has made several advances in its international green power certificate trading. It successfully made an international green power certificate deal with a global carbon trader in February, 2023. Besides, the company is also negotiating deals with Fortune 500 multinational companies.

Green power certificates are the "electronic ID cards" for the green electricity generated by renewable energy companies. They are used to calculate and verify new energy power generation and use. Each green power certificate represents an amount of 1,000 kWh of electricity generated from renewables that has been connected to the grid and consumed. After the carbon neutrality goal was proposed, world-renowned companies have purchased the green power certificates to offset non-green electricity consumption emissions. 

In the deal, Universal Energy sold the carbon assets accrued from the generation of 7000 megawatt-hours of solar energy from its power station in a Central Asian country, which were sufficient to offset around 5950 tons of carbon dioxide emissions.

The successful completion of the deal has opened up the market for Universal Energy to participate and expand the trading of carbon assets. Currently, the company is in active contact with a Singaporean trader and has achieved sales intention of international green power certificates. Meanwhile, a European Fortune 500 multinational group has also shown strong interest in the transaction with Universal Energy's carbon assets, and they are in close negotiations for the supply of green power certificates for the next 5 years.

Universal Energy has been investing in renewable energy projects since 2015 in countries along the "Belt and Road". The current global capacity of grid-connected power stations and those under construction has been up to 1.1 GW, and the capacity in reserve reaches 1.6 GW. The company can meet diversified needs of global companies and institutions for international green power certificates.

In future, Universal Energy will continue to promote international green power certificate trading, continuously explore the new business model of carbon assets, and strive to maximize the commercial value of the company's renewable energy projects.