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Large-Scale Generation Certificates, Wind

Located in Victoria, the Ararat Wind Farm project is adding large volumes of renewable energy to accelerate Australia’s transition to clean energy. 

Project Type

Renewable Energy Generation

Registry

The Renewable Energy Certificate (REC) Registry Managed by The Clean Energy Regulator

Unit Type

Large-Scale Generation Certificate (LGCs)

Methodology

Large-Scale Generation Certificate Methodology

Project ID

WD00VC24

Vintage

-

What is an LGC?

Australia’s Renewable Energy Target encompasses two certificate programs: the Large-scale Renewable Energy Target (LRET) and the Small-scale Renewable Energy Scheme (SRES). Under the LRET, a Renewable Energy Certificate Market is established to encourage the development of renewable energy power stations in Australia. This market facilitates the generation and sale of certificates, known as large-scale generation certificates (LGCs).

Power stations accredited under the LRET are authorized to produce LGCs for each Mega Watt Hour (MWh) of electricity derived from their renewable energy sources. These LGCs are then available for sale to:

  1. Liable entities within the Renewable Energy Target (primarily electricity retailers) mandated to procure LGCs from the market. Subsequently, these entities surrender the certificates annually to the Clean Energy Regulator (CER). The required quantity of LGCs to be submitted by liable entities is determined each year based on the renewable power percentage.
  2. Companies and individuals, through the secondary Market, seeking to substantiate their claims of emissions reduction through utilization of renewable electricity.

Who we work with

TEM’s portfolio of LGCs includes qualified power plants from across the Victorian and New South Wales landscape producing electricity through Solar and Wind sources.

Project Location

value

$43.00/Mega Watt Hour (MWh)

Mega Watt Hour (MWh)

3500 in stock

Where does my money go?

Your purchase goes to the procurement of fully verified and independently audited carbon offset projects. TEM’s operational, due-diligence, risk management and marketing costs are also included in the list price. By purchasing from these projects, you are mobilising capital to support the project’s ongoing operations and benefits, alongside of ensuring measurable emissions reductions and avoidance.

What goes into pricing TEM's offsets on this site?

You may find a difference between the cost of projects listed on this site and the average prices listed on the wholesale carbon market/s. That’s because TEM offers projects where we have gone the extra mile to ensure their integrity and deliver you the end-to-end service that others won’t. Our pricing is fully inclusive of the end-to-end services to ensure integrity, including:

  • The cost to source, deliver and/or procure projects – Sourcing, purchasing and holding carbon units.
  • TEM’s proprietary due diligence and risk management for each project – Put simply, we do the work to limit the chance that you will support a project that doesn’t deliver measurable and long-term carbon abatement.
  • Our retirement process – Following each purchase, every carbon offset purchased on this site can be transparently traced to a retired carbon unit listed on an independent registry.
    What will I receive with my purchase?

    Once we’ve received your payment, we will:

    • Send you content and copy (if available) relating to the projects you’re supporting.
    • Evidence of retirement, which includes the listing on each registry that relates to the offsets you have purchased within a TEM-branded retirement certificate. You will receive an email once your order is placed to confirm retirement copy for your certificate – this details the reason for retirement and is best practice to avoid double counting. The cost for a company-specific retirement certificate = $150 per order. Note: you will need individual retirement for Climate Active and other certification purposes.
    • Keep you updated on new projects as they’re added to TEM Online. Of course-you can choose to opt out of those emails!

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