$70m in ‘Capacity Certificates’ Sold for Generating 1,500 MW

The Iran Energy Exchange has so far sold “Capacity Certificate” worth 18.24 trillion rials ($70 million) since the financial instrument was first launched in February 2020.
Certificates changed hands in 253 deals that require buyers to generate 1,521 megawatts of electricity, IRNA reported, citing data released by Iran Grid Management Company (IGMC).
Launched by IRENEX, the certificate is a tradable security that customers purchase based on the amount of power capacity they need as a prerequisite to the grid connection.