Albania and Bulgaria are the Newly Accepted Members of the Association of Issuing Bodies (AIB)
/BRUSSELS, May 31, 2024, 11:00 CEST, The Association of Issuing Bodies (AIB) / The Association of Issuing Bodies (AIB) informed today on its LinkedIn profile that Albania and Bulgaria are accepted as full association members. With a main focus on supporting the energy transition for all stakeholders, AIB aims to unite the European issuing bodies of energy attribute tracking systems for all energy carriers and technologies, thereby using a decision-making structure that respects their varying identities while allowing for continuous evolution. Memberships were registered for Bulgaria’s Sustainable Energy Development Agency (SEDA) and Albania’s Energy Regulatory Authority (ERE). Joining the Association of Issuing Bodies (AIB) can provide Albania and Bulgaria with several benefits regarding trading guarantees of origin (GOs) from renewable energy sources. Some of the potential benefits include:
1) Increased market access: Joining the AIB can provide Albania and Bulgaria with access to a larger and more liquid market for GOs, allowing them to trade with other European countries and increase the export potential of their renewable energy.
2) Improved credibility: The AIB is a well-established organization with a robust framework for issuing, transferring, and cancelling GOs. By joining the AIB, Albania and Bulgaria can demonstrate their commitment to renewable energy and improve the credibility of their GOs.
3) Harmonization of standards: The AIB has developed a standardized system for issuing and tracking GOs, which can help to reduce administrative barriers and improve the efficiency of the trading process. By adopting the AIB's standards, Albania and Bulgaria can ensure that their GOs are recognized and accepted in other European countries.
4) Support for renewable energy development: Joining the AIB can help to promote the development of renewable energy in Albania and Bulgaria by providing a mechanism for tracking and verifying the origin of renewable energy. This can help to increase investor confidence and attract investment in renewable energy projects.
5) Contribution to climate goals: By joining the AIB and participating in the GO market, Albania and Bulgaria can contribute to the EU's overall climate goals by promoting the use of renewable energy and reducing greenhouse gas emissions..
GOs provide proof that energy has been generated from renewable sources (as defined in the RES Directive), specifying the source of the energy; the dates when it was produced; the identity, location, type and capacity of the production facility; whether the GO relates to electricity or heating or cooling; whether and to what extent the installation has benefited from support; the date when the installation became operational; the date and country of issue; and a unique identification number. There is no fixed price for a GO, and their value depends on market demand.
The use of GOs can help to promote the development of renewable energy by providing a mechanism for tracking and verifying the origin of renewable energy. By joining the AIB, Albania and Bulgaria can support the growth of their renewable energy sector and attract investment in renewable energy projects. Overall, joining the AIB can provide Albania and Bulgaria with a range of economic, environmental, and social benefits, and help to support the transition to a low-carbon energy system.
The more information about the solar and wind power market in Albania and Bulgaria, including full contact details of solar and wind project owners and developers, you may read here: Central East and South East Europe Solar Photovoltaic (PV) and Wind Power Market Outlooks 2024÷2033
To download the executive summary brochure with sample pages, please access from here: Central East and South East Europe Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 - Sample
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