REHash User Guide

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Content
1 Introduction.................................................................................................................. 3
1.1 Overview of REHash ........................................................................................................................................................ 3
1.2 Purpose of the User Guide ............................................................................................................................................. 3
1.3 Terminology ........................................................................................................................................................................ 3

2 Getting Started ........................................................................................................... 4

2.1 Register via Signup ........................................................................................................................................................... 4
2.1.1 Signup ................................................................................................................................................................. 4
2.1.2 Company Info ................................................................................................................................................... 6
2.1.3 Payment information....................................................................................................................................... 9
2.2 Register via Invitation ..................................................................................................................................................... 11
2.2.1 Signup ............................................................................................................................................................... 12
2.2.2 Verify Company information....................................................................................................................... 12
2.3 Navigate the Portal ......................................................................................................................................................... 13
2.4 Onboarding Video Guide* ............................................................................................................................................ 14
2.5 Language Setting ............................................................................................................................................................ 15
2.6 Client business profile / update banking info .......................................................................................................... 15

3 Register Devices/Assets ........................................................................................ 17

3.1 Register I-REC Device ................................................................................................................................................... 18
3.2 Register TIGR Asset ....................................................................................................................................................... 21
3.3 After submission............................................................................................................................................................. 23

4 Issue RECs ................................................................................................................ 23

4.1 Issue RECs for I-REC Device ...................................................................................................................................... 24
4.2 Issue RECs for TIGR Asset .......................................................................................................................................... 25
4.3 After submission............................................................................................................................................................. 27

5 Import RECs ...............................................................................................................27

5.1 Import RECs from I-REC .............................................................................................................................................. 28
5.1.1 Import RECs as I-REC Registrant ............................................................................................................. 29
5.1.2 Import RECs as I-REC Participant ............................................................................................................ 32
5.2 Import RECs for TIGR Asset ........................................................................................................................................ 35
5.3 After submission............................................................................................................................................................. 39

6 RECs Redemption................................................................................................... 39
6.1 Retire for Own .................................................................................................................................................................. 41
6.2 Retiring on behalf of Others ......................................................................................................................................... 41

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6.3 After submission.............................................................................................................................................................. 41

6.4 View Retirement certificates ....................................................................................................................................... 43

7 Inventory .................................................................................................................... 44
7.1 Devices.............................................................................................................................................................................. 44
7.2 REC..................................................................................................................................................................................... 45

8 Trade........................................................................................................................... 46
8.1 Impact Marketplace (Premium Users) ..................................................................................................................... 46
8.1.1 Creating New Project - 1............................................................................................................................. 47
8.1.2 View Project > Register Interest and Buy Project RECs - 2 ............................................................. 49
8.1.3 Placing Sell Order to Impact Marketplace ............................................................................................. 50
8.1.4 Purchase of RECs from Impact Marketplace ........................................................................................ 53
8.2 Exchange / Buying and Selling RECs ....................................................................................................................... 55
8.2.1 Exchange – Spot RECs ............................................................................................................................... 55
8.2.2 Exchange – My Open Orders .................................................................................................................... 59
8.2.3 Exchange – My Matched Orders ............................................................................................................. 60
8.2.4 Exchange – Filled, Voided and Cancellation ......................................................................................... 60
8.3 Exchange / Buying and Selling RECs at Predetermined Price............................................................................ 61
8.3.1 Exchange – Forward RECs ......................................................................................................................... 61
8.4 My Activities .................................................................................................................................................................... 68
8.5 Off-Exchange Agreements ......................................................................................................................................... 68
8.5.1 Sellers ............................................................................................................................................................... 69
8.5.2 Buyers .............................................................................................................................................................. 70

9 Transaction ................................................................................................................72
9.1 Receiving payment ........................................................................................................................................................ 72
9.2 Sending payment ........................................................................................................................................................... 75
9.3 Fees .................................................................................................................................................................................... 79

10 Check Origin of your RECs .................................................................................. 79

11 Troubleshooting ...................................................................................................... 80
11.1 Frequently Asked Questions (FAQs) ........................................................................................................................ 80
11.2 Contacting Support ....................................................................................................................................................... 85

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1 Introduction

1.1 Overview of REHash

REHash application provides an easy-to-use, web-based platform, trusted to create, track and
manage renewable energy certificate (REC). It allows users to register their renewable energy assets,
as well as buy, sell, and redeem renewable energy certificates (RECs) effortlessly.

Our platform is integrated with two of the most widely recognized international voluntary RECs
registries, I-REC and TIGR.

• I-REC has the highest market share of the voluntary RECs market today. All records of
devices registered by I-REC are centrally held by the Evident registry. The REDEX REHash
platform is tightly integrated via API links to the registry to allow for a complete RECs
manageable lifecycle, conforming to the I-REC (E) standards maintained by the I-REC
foundation headquartered in The Netherlands.
• TIGR is one of the gold standards for tracking corporate renewable energy purchases outside
North America. The APX Registry allows for RECs from anywhere outside of North America to
be managed. RECs can provide an additional revenue stream and shorten payback periods
on investments.

1.2 Purpose of the User Guide

This user guide outlines the steps for how to register new renewable energy generators and
aggregated projects, upload generation data, register RECs, import RECs and trading of RECs.

1.3 Terminology

AML - Anti Money Laundering PSA - Platform Services Agreement

I-REC – The International REC standard REC – Renewable Energy Certificates
KYC – Know Your Customers REDEX – Renewable Energy Digital Exchange
OTP – One Time Password SFC – Standardized Forward Contracts
PPA – Power Purchase Agreement SLD – Single Line Diagram
TIGRs - Tradable Instrument for Global Renewables

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2 Getting Started

To ensure security and accuracy, REHash mandates new users to verify their sign-up email before
proceeding to provide additional business information. To activate a business account, payment
details must be provided since the system processes monetary transactions. Once the account is
approved and activated, clients can commence trading and registration activities.

There are two approaches to sign up for the account registration, i.e. via Signup, or via Invitation.

2.1 Register via Signup

If you are new to us, simply go to the following link: https://rehash.redex.eco/ and click on Sign up.

2.1.1 Signup

Input your preferred email, username and password. Note that:

• Username should be lowercase letters, no capital letters, special symbol, number, dash,
and space.
• Your password must be at least 8 characters, 1 upper character, 1 lower character, 1
numeric character, 1 special character (!@#$%^&*(),;:."-_=+[]{}|~`'<>?/)
Take some time to view the information under Platform Fees portion. These are the standard fees that
REDEX charges for each type of transaction. Reach out to platform@redex.eco for any clarification.

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An email notification will be sent to your email address. Click on the “Verification Link” to continue.

• Kindly check Spam box if email notification is not received.

Go through to review and read the REHash Platform Services Agreement (PSA). Kindly agree with the
clauses before proceeding with registration.

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2.1.2 Company Info

Login with new username and password registered and input your company information (Company
Registration Number will normally be the registered reference number issued by your local
government company registration agency)

Please upload the following documents:

- a full business license which includes the board of directors’ details.

- Letter of Authorization – Please ensure that the letter of authorization is being signed by a legal
representative who is stated in the business license.

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- Bank Statement

You may click on Platform fees above Company Information to view the fees breakdown.

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2.1.3 Payment information

Select your currency type and bank account type. Currently we support only USD, SGD accounts.

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For ACH Routing Number option:

Kindly input your bank information.

For Swift Code option:

Kindly input your bank information.

Kindly select the recipient type, “Business” and key in relevant information.

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*Recipient refers to details of Company registered in the Bank.

Once successfully submitted, REDEX team will review your account and information provided, which
typically takes 3-5 working days.

If there is any discrepancy between the information, REDEX team will return the application. Kindly re-
submit the application after you have rectified the instructions under REMARKs found on the right
panel.

You will be notified via email once your account is ready for use.

2.2 Register via Invitation

If you have approached REDEX sales team for an enquiry, you may request for an account registration
invitation directly from them.

An invitation email with a link to REHash will be sent to your email provided. Kindly follow the link. (Be
sure to check Spam box if no email was received.)

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2.2.1 Signup

Email has been pre-populated with the same email address. Kindly input your preferred username and
password in the following window.

To complete, you will have to read and agree to REDEX Platform Services Agreement (PSA) and
Privacy Policy.

2.2.2 Verify Company information

Information has been pre-populated by REDEX team. Kindly go through all the information listed down
and upload the required documents to continue.

For any clarification, kindly reach out to the salesperson responsible for your account.

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2.3 Navigate the Portal

Once the account is approved, you will see this dashboard after logged in.

The side navigation provides access to major REHash functionality:

• Dashboard
• Trade
o Impact Marketplace
o Exchange
o My Activities
o Off-Exchange
• Registry
o Registry Services
▪ Device Registration
▪ REC Issuance
▪ REC Imports
▪ REC Redemption
• Inventory
o Devices
o REC
• Settlement
o Accounts Receivable
o Accounts Payable
o Fees
• Business Account Profile
o Business Account Profile
The top navigation provides access to various useful tools and information:

• Shopping Cart
• Check Origin
• Onboarding Video Guide*
• Onboarding User Guide
• Notifications
• Business Profile
• Language
• User Account

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2.4 Onboarding Video Guide*

At the top navigation, click on Video guide to view useful e-guiding information of REHash tabs.

1. List of each individual tabs shared their guide to create assistance to user.
2. Click on the “PLAY” button to begin viewing.
3. Each sub-tabs under Trade have 2 video guides separately for Buyer and Seller

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2.5 Language Setting

REHash currently supports four languages. English, Chinese, Portugese and Spanish. The language
setting can be toggled using the selection bar at the top right of the page.

2.6 Client business profile / update banking info

To proceed to update profile or banking info, kindly click your profile dropdown list and select your
company or you may find it in Navigation panel > Business Account Profile.

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Click Company Information.

Kindly click update.

To proceed to update banking info, kindly click Fees Agreement & Payment Information

Kindly click update.

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Kindly fill in the necessary banking details and recipient information accordingly.

3 Register Devices/Assets

To proceed with any activities within the system, clients must provide comprehensive details about
their renewable devices to verify device ownership and confirm the device's presence not limited to
the following: device name, technical performance, location, photos and operational dates.
Additionally, the system will also check for duplicates in different registries to prevent double
registration.

REHash offers industry-leading registration service for both I-REC and TIGRs registries.

There are some differences on the registration flow between I-REC and TIGR. Refer to sections below
for details.

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3.1 Register I-REC Device

From the dashboard, kindly click Register Device, and on subsequent screen, select registry
preference as I-REC. You can alternatively choose Registry Service | Register Device function on the
left menu.

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To start the application flow, kindly follow the instruction and provide necessary details for your
generator.

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• Please ensure the necessary information is keyed in, for example device name, should be the
same as indicated in documents like Power Purchase Agreement (PPA). Failing to furnish
accurate information may result in the application being rejected / returned.
• Coordinates will be automatically generated based on the address provided. The same will be
used to retrieve satellite images from the map services like Google Map or Baidu map to
verify if it points to an actual generator.
To complete the application, upload following documents and project photo(s) which are required by
I-REC for device registration.

• Refer to the templates and tool tips provided for each document if you do not already have it.
For any clarifications, kindly reach out to the salesperson in charge of your account, or email
to platform@redex.eco.
• Kindly provide photos of the actual generator. The same will be used to compare with the
satellite images based on the address provided.
• Leave any notes (eg: information not keyed in the fields or explanations required)
• Unfinished applications will be automatically saved under the Application – Device
Registration – Draft tab.

3.2 Register TIGR Asset

From the dashboard kindly click Register Device, and on subsequent screen, select registry
preference as TIGR. You can alternatively choose Registry Service | Register Device function on the
left menu.

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To start application flow, kindly follow the instruction and fill in the project name (asset name), site
address and nameplate capacity as per PPA records.

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• Refer to the templates and tool tips provided for each document if you do not already have it.
For any clarifications, kindly reach out to the salesperson in charge of your account, or email
to platform@redex.eco.
• Kindly provide photos of the actual generator. The same will be used to compare with the
satellite images based on the address provided.

3.3 After submission

Once submitted, REDEX team will review the application and proceed with registries if everything is in
order. This would typically take a few weeks for the registry approval. After registry approval, you can
view your assets under Inventory – Devices.

Please note that submission of the device registration does not imply that the asset is already
approved. Do wait for the email notification prior to proceeding with any RECs registration activities.

• For any errors or clarifications on the application, REDEX team will return the application, or
contact you directly.
• You can find the status of your application under Application – Device Registration.

4 Issue RECs

After asset are approved successfully, you can start to issue RECs so that it can be traded or
redeemed on REHash. To do so, user must submit proof for energy generation data, by means digital
integration of data with REDEX or provide invoice copy, meter reading etc. REHash verifies the energy
generation data before submitting for registration. REHash also analyses the data based on typical
generation pattern in the same region as well as historical data and flags any irregularities and
potential issues that require further investigation.

Kindly note:

• There is a fee to be charged for RECs issuance request. Refer to Section 8.3 Fees for details.
• There are differences in the registration flow between I-REC and TIGR. Refer to sections
below for details.

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4.1 Issue RECs for I-REC Device

From the dashboard kindly click Issue REC, and on subsequent screen select the I-REC device you
would like to register the RECs for. You can alternatively choose Registry Service | REC Issuance
function on the left menu.

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Kindly input the Generation production amount (in MWh), Start Date / End Date, as well as proof for
period generation, for example invoices.

Fill up the I-REC Issuance Request Form and upload it with the supporting documentation for period
generation.

Unfinished applications will be automatically saved under Application – REC Registration – Draft tab.

4.2 Issue RECs for TIGR Asset

From the dashboard kindly click Issue RECs, and on subsequent screen select the TIGR asset you
would like to register the RECs for. You can alternatively choose Registry Service | Register Device
function on the left menu.

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Kindly input the Generation production amount (in MWh), Start Date / End Date, as well as proof for
period generation, for example invoices.

Unfinished applications will be automatically saved under Application – REC Issuance – Draft tab.

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4.3 After submission

Once submitted, REDEX team will review the application and proceed with registries if everything is in
order. This would typically take 3 to 5 working days. After registry approval, you can view your RECs
under Inventory – RECs.

• For any errors or clarifications on the application, REDEX team will return the application, or
contact you directly.
• You can find the status of your application under Application – REC Issuance.

5 Import RECs

If user has already RECs under their own account(s) under I-REC or TIGR registries, they can import
RECs into REHash platform for trading or redemption.

REHash system provides detailed instruction for user to transfer RECs to REHash user accounts on
Evident (for I-REC) or TIGR registry portal. The system will continuously monitor changes on these
accounts and automatically update the user’s REC inventory.

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Kindly note:

• Users are encouraged to take screenshots when performing RECs transfer on the registry
platforms, for record-keeping purposes.
• There are differences in the registration flow between I-REC and TIGR. Refer to sections
below for details.
5.1 Import RECs from I-REC

From the dashboard, kindly click Import REC, and on subsequent screen, select registry preference as
I-REC. You can alternatively choose Registry Service | Import REC function on the left menu.

Then select the Account Type, i.e.

• Registrant - A Registrant is the party that can register a production device with the local
issuer and requests the issuance of I-RECs.
• or Participant - Participant is a Market Player, trader, or consumer with an account on the
Registry of the Code Manager.

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Kindly note that the REC importing process for Registrant and Participant has some difference. Refer
to sections below for details.

5.1.1 Import RECs as I-REC Registrant

Do copy down the Destination Account Code specific to your records inside REHash. Entry of the
wrong account code may result in loss of the RECs during the import activities.

Kindly follow the steps as indicated and click Next.

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Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

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Kindly follow the steps as indicated and click Next.

After you have followed and completed the steps as shown, kindly click Done.

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5.1.2 Import RECs as I-REC Participant

Kindly click Evident to hyperlink out to Evident Registry and log in to Evident.

Do copy down the Destination Account Code specific to your records inside REHash. Entry of the
wrong account code may result in loss of the RECs during the import activities.

Kindly follow the steps as indicated and click Next.

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Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

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Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

After you have followed and completed the steps as shown, kindly click Done.

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5.2 Import RECs for TIGR Asset

From the dashboard, kindly click REC Listing, and on subsequent screen, select registry preference as
TIGR. You can alternatively choose Registry Service | Import REC function on the left menu.

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Kindly click Registry to hyperlink out to APX Registry and log in to APX.

Kindly follow the steps as indicated and click Next.

Kindly follow the steps as indicated and click Next.

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Select the Account, System displays the Asset under the account selected. Next, download the
csv.file of the RECs to be transferred. Kindly follow the steps as indicated and click Next.

After you have followed and completed the steps as shown, kindly click Skip.

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Kindly upload the required documents by clicking add.

Kindly read acknowledge and cross the checked box under the disclaimer portion.

Kindly click Submit

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5.3 After submission

For I-REC:
Once submitted, REHash system will actively monitor the changes on user accounts in the
background and update their REC inventory automatically. In case the RECs import did not go
through, please reach out to platform@redex.eco.

Since the process is fully automated, no action is required. Do allow 3 – 5 working days to approved.

For TIGR:
Once submitted, REDEX team will verify the transaction, which would typically take 3-5 working days.
After approved, the RECs will be added to user’s REC Inventory.

• For any errors or clarifications on the application, REDEX team will return the application, or
contact you directly.
• You can find the status of your application under Registry – Registry Services - REC Imports.

6 RECs Redemption

User can redeem RECs for themselves, as well as other parties.

In both cases, user needs to select a beneficiary for the RECs. The beneficiary is the entity that will
receive the environmental and social benefits associated with the renewable energy generation
represented by the RECs. The beneficiary will be reflected on the REC retirement certificate, which
could be used to offset the energy consumption.

• Setting the beneficiary as Own, user redeem RECs for their own company. It demonstrates
the commitment to sustainability goals.

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• Setting the beneficiary as On Behalf of Others, user supports renewable energy development
and contributes to positive social and environmental outcomes beyond their own
organization.
In both cases, the application should be reviewed and approved by REDEX team to ensure
compliance with eligibility criteria. Once the retirement application is approved, you can complete the
redemption process and receive your RECs.

Kindly note:

• There is a fee to be charged for RECs issuance request. Refer to Section 8.3 Fee Structure for
details.
To start, kindly select Registry Services – REC Redemption – Submit Retirement button.

On the subsequent screen, select the Device / Project and REC vintage user intended to retire RECs
from, and input quantity and reason for retirement

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6.1 Retire for Own

Simply select Own under Beneficiary Information section. Your company information will be used for
the Retirement for Own option.

6.2 Retiring on behalf of Others

Select On behalf of others option.

User can create following three types of beneficiaries under Create New. (The beneficiary will be
saved under Existing for subsequent retirement applications.)

• Corporate
• Building
• Personal
Kindly input the beneficiary details (taking corporate type for example).

Please make sure the beneficiary information is keyed in correctly, to avoid any mistakes on the
retirement certificates generated.

6.3 After submission

Once submitted, REDEX team will review the application and proceed with registries if everything is in
order. This would typically take 3-5 working days. After registry approval, user will be notified to make
payment for the Retirement application, to complete the retirement process.

To make payment, user should follow the link provided in the email. It will navigate to the retirement
application details page, where the Invoice Number is provided.

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Click on the invoice number to view the invoice details. The same invoice will be sent to user via email.
User should make the payment based on information attached, click on Confirm Payment, and then
attached the payment proof on the pop-up window. For details on payment process, refer to section
9.2 Sending Payment.

REDEX team will verify the payment and proceed with the Retirement once confirmed. This typically
takes 2-5 days.

Kindly note:

• For any errors or clarifications on the application, REDEX team will return the application, or
contact you directly.
• User can also make payment under Transaction – Account Payable – Select the invoice
number provided in the email / retirement application.
• User can find the status of the application under Application – REC Retirement.

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6.4 View Retirement certificates

Once payment received by REDEX, the receipt will be emailed to user.

User can then view or download the Retirement certificate under Application – REC Retirement, under
the respective record submitted.

Sample of the certificate as attached.

- 1. Top right QR code goes to REDEX’s Check Orgin REC Origin Search | Trusted RECs (redex.eco)

- 2. Bottom right QR code goes to I-REC’s Redemption Statement

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7 Inventory
Users can easily manage their Assets and RECs under Inventory.

7.1 Devices

All approved assets by Registries will be listed down under Inventory – Devices.

Users can search for Device Name and view the details for each asset.

The asset detail page will list down Asset Information, Satellite map of the Asset, as well as RECs
details associated with the asset.

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7.2 REC

Users can search by Device Name to filter out REC inventory under that asset.

The right-hand side shows REC Transaction History for the user account, including Issuance, Listing
(imported RECs), Trade (buy / sell orders) and Retirement.

Screenshot below shows a detailed page of a REC inventory record, including:

• REC Serial Number, which can be verified on REHash Check Origin function.
• REC Balance, which equals to Available RECs + RECs that are on Sell order + RECs that are
locked for retirement.

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8 Trade
Premium Users – able to create new projects in Impact Marketplace from their registered assets for
charitable purposes.

Users – able to view, register interest and buy RECs from these projects in Impact Marketplace.

Basic understanding of Tickers in the Exchange

Example: MY.24.SLR.i = Malaysia.2024.Solar.I-REC

If the registry is TIGR, it will be indicated as MY.24.SLR.t = Malaysia.2024.Solar.TIGR

8.1 Impact Marketplace (Premium Users)

Impact Marketplace features projects with special socio-economical benefits which can be
brought about from the renewable projects. For example, by having solar panels installed, this
electricity produced can help in providing clean water, energy for irrigation in the farms, and
lighting for school children in less developed part of the world.

1) Create New Project – If user has project to register with additional socio-economical purposes, user
may click on “Create New Project” button. Select their registered device to register project
2) View Project – User to click in for more information on the project listed.

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8.1.1 Creating New Project - 1

Select which registered device/asset is to apply in Impact Marketplace. Look through the list and the
number of REC Quantity available for application.

Fill in the fields of the project background information of the device/asset:

• Project Title
o Displayed in the main page of Impact Marketplace
• Project Background
• Project Description
• Project Impact
• Project Image (Images should have a resolution of 1600px by 900px)*
o Upload Maximum of 5 photos.
Click on Preview & Confirm then Submit Button after information fields are filled in. Our administrator will
review through the project for application approval.

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An email notification will be sent to user that the projects are approved and is shown in Project Listing.

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8.1.2 View Project > Register Interest and Buy Project RECs - 2

After publishing your project on the Impact Marketplace, other users can express their interest in the
project by clicking the 'REGISTER INTEREST' button displayed below.

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Once request information is submitted, users are notified via email or will receive a consultancy
session from our sales representative. Following this, our sales representatives will promptly
initiate contact with both the user and the project owner to facilitate further engagement.

8.1.3 Placing Sell Order to Impact Marketplace

The Impact Marketplace offers a platform for sellers to place Renewable Energy Certificates
(RECs) with comprehensive details on their background, description, and impact registered.

Prior to placing a sell order for the selected project, please take note of the project information
to ensure the accuracy of the order. (Refer to RED box for information)

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Navigate to Left Panel > Trade > Exchange. Complete the basic fields to place a sell order. Use the
Advanced Filter for more details to ensure the correct project is selected.

Selected Project will display on Applied Filters. Click on View More. Fill in the Price and Quantity of
RECs to list Sell Order. (Note: Quantity placed are in Whole numbers)

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Upon clicking on Sell button, a sell order confirmation will pop up in a window to pre-view the invoice
for acknowledgement.

Once you have confirmed the sell order, you may click on the [submit button]. An order has been
placed, which you are also able to view in the Impact marketplace dashboard.

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8.1.4 Purchase of RECs from Impact Marketplace

The Impact Marketplace offers a platform for conscientious buyers to acquire Renewable
Energy Certificates (RECs) with comprehensive details on their background, description, and
impact.

Click on the ‘Buy’ button after looking through the information of the project listing.

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User to enter the price and quantity of RECs to be purchased as shown below.

User will be able to see the ‘Buy Order Confirmation’ window, click on confirm button to make
payment.

Upon confirmation, a success pop-up box will appear. You can view your order under "My Activities"
or return to the Marketplace for additional projects.

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8.2 Exchange / Buying and Selling RECs

Clients can select the desired RECs (Renewable Energy Certificates) from the Exchange and perform
the buy/sell by creating the limit order. Once there is a matched trade, invoice will be issued when the
trade timeline is over.

The system only delivers goods or services once payment has been received. Please refer to “Send
Payment” and “Receive Payment” section for more information.

8.2.1 Exchange – Spot RECs

To buy/sell RECs, navigate to the left panel under Trade > Exchange > Spot RECs and search for the
purchase and sale of RECs for delivery and payment at the time of the transaction.

• Users can set standard filters from the dropdown list for different criteria to find the RECs
needed, including Registry, Country, Fuel Type, Vintage.
• The ticker shows the bids and offers placed by other traders on REHash.
• Create Limit Order is the use of a pre-specified price to buy or sell RECs.
o Users are to place their bids under the ‘Buy Tab’ / ‘Sell Tab’ with the reference of the
Ticker – Bids displayed in the middle of the Exchange.
o Users selling the RECs will need to check the availability before placing a sell order
with the reference of the Ticker - Offers displayed in the middle of the Exchange.
o After filling in the Price and Quantity, click on the relevant “Buy” or “Sell” button to
commit the limit order.

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Placing Buy Order

• In the "Buy Order" tab, the original 4 basic criteria (country, year, energy type, registration
place) are required. When any of them is not filled in, other advanced options are temporarily
set to uneditable.
• User can use the Advanced Filter to refine selection criteria. After switching to advanced
options, the Buy Order is displayed by default. Advanced options are the same for Sell Order.

① Selection of Province, when "Country" is selected as China, Vietnam, Malaysia,

"Province" is a drop-down list; when "Country" is other, "Province" is an input box.
② Selection of Commercial operation date (COD), drop-down list, options include All,
<=15 years, >15 years
③ Selection of Device type, drop-down list, options include All, Normal, Aggregated,
Rooftop, Group
④ Selection of Fit-in Tariff, drop-down list, options include All, Yes, No
⑤ Selection of Grid Connected, drop-down list, options include All, Yes, No
⑥ Selection of Labelling Scheme, drop-down list, options include All, D-REC
Verification Label, EKOenergy, REDEX Solar Rooftop Scheme, T-RECs C&I
Verification Service, T-RECs Resi Verification Service etc.
⑦ Selection of period production from [Start Month-Year] to [End Month-Year]: drop-
down list: options include January ~ December.
⑧ Selection of Device Capacity (MW) [Start] to [End], input value in box.

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• When "Single Device View" is turned on, "App Options" will be converted to display in units
of devices.
• For example: when the customer selects in the advanced options: COD (commercial
operation date) <= 15 years, year = 2023, month = July ~ December, click the "Search"
button, you can find it in the "Applied Filters" Compliant device information, if present.

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Placing Sell Order

• Switch to the "Sell Order" tab. The functions of advanced options are the same as "Buy
Order" and will not be described again.

The difference is that for the 4 basic criteria (country, year, energy type, registration place) in the "Sell
Order" tab, you can select "All", and the advanced options will not be set to uneditable; in the "Buy
Order" option, "All" cannot be selected, and individual options must be selected. If any fields are not
filled in completely, the advanced options are temporarily set to uneditable.

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Example: How to search for RECs with vintage 2023 2nd Half.

• The bottom section is displayed, to allow users to view the performance of orders during the
placement.
o Open Orders that sell / buy orders are placed,
o My Matched Orders are orders which will display the record reading of the live
bidding. Once it matches, it will display on the table, and you may use the filter
function to search matching user’s applied filters. Users can sort the records by
different columns as needed.
o Filled / Cancelled are orders that are fully matched or cancelled.
8.2.2 Exchange – My Open Orders

My Open Orders is an overview of the orders (buy/sell) placed by user that are not yet matched, filled,
voided or cancelled.
• Users are allowed to cancel their orders under the Actions Tab.
• Users can set filters from the dropdown list to find specific Open Orders placed.
• Time Created records the orders users placed in Singapore Time (GMT+8).
• TIF refers to “Time in Force, that an order will remain active before expiration.

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8.2.3 Exchange – My Matched Orders

My Matched Orders is an overview of your Open Orders are matched with the other buyers/sellers
placed orders.

• Users can set filters from the dropdown list to find specific buy/sell orders that had matched
with the input users keyed in Create Limit Order.
• Status shows users Matched Orders that are pending for invoices to settle for payment
before RECs are transferred.
• Time Matched records the orders placed (buy or sell) that matched with other REHash users
in Singapore Time (GMT+8).

8.2.4 Exchange – Filled, Voided and Cancellation

Filled, Voided and Cancelled is an overview of users performed any actions to fulfilled or cancelled
orders.

• Users can filter (Status and Side) from the dropdown list find specific orders the trade.

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8.3 Exchange / Buying and Selling RECs at Predetermined Price

To buy/sell RECs at predetermined price, navigate to the left panel under Trade > Exchange >
Forward RECs and search for the purchase and sale of RECs with delivery and payment occurring at a
specified future date.

Seller Obligations and REC Locking:

Note: Sellers must issue RECs to REHash monthly, ensuring actual output aligns with expected
generation. Once issued, these RECs are locked in the inventory, preventing their use for other
contracts or spot exchange. This process ensures transparency, maintains accurate inventory, and
secures RECs for forward contract fulfilment.

8.3.1 Exchange – Forward RECs

After clicking on the button to request “Access to this instrument, will need REDEX to review for
approval.”

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An email notification will be sent to user to inform REDEX Team of the requested trade Standardised
Forward Contract.

User will receive an email from REDEX to provide 2 documents for Access Review. Do send via email
to platform@redex.eco

1. SFC Master Agreement and

2. SFC Authorization Letter.
Additional documents required for Companies met with criteria:

1. Organizational shareholding chart

2. Introduction letter from MNC sponsoring the scope 3 program
3. Bank statement or bank facility letter dated within the last 3 months clearly showing the
revolving credit limit.
4. Audited Financial Statement from last financial year

After Request is approved, users may view the Forward Trading Fee (per MWh) in the Business
Account Profile > Fees Agreement.

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The screen below shows Access Request has been approved. User may start trading by selecting the
fields under Forward RECs.

On Exchange: Forward RECs display board; we can view

1. Daily limit (USD) up and down:

The maximum price range within which forward contracts can be traded on a given day.
The fees set the highest allowable price, while the Daily Limit Down sets the lowest.
These limits are set to manage price volatility and maintain market stability. Orders
exceeding these limits would be flagged for review.

2. Available credit limits for the Account:

The maximum total value of forward contracts a client can buy as determined by
REDEX's internal assessment. This limit is based on factors such as the client's credit
risk, financial background, and trading history.

Last Trading Date: Occurs on the 1st Wednesday of the Maturity Month, with a cut-off timing at 5pm
(GMT+8), unless specified otherwise.

Last Delivery Date: Trade is expected to be settled within a 2-week period following the Last Trading
Date, unless specified otherwise.

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Placing Buy Order at Predetermined Price

Select the desired RECs fields and fill in the Price and Quantity to create limit Buy Order:

Example: MY.24.SLR.i_APR25 > Daily Limit Up: USD 6.80, Daily Limit Down: USD 3.80

Price: USD 5, Quantity: 200.

Click ‘Buy’ and ‘Confirm’ button once users have complete confirming the Buy Order.

Take note: Last Trading Date and Last Delivery Date (*Trade in Forward Contract will be settled after
Last Trading Date*)

Buy Order is created and shown on My Open Orders as it does not have any Matched Orders > Status
shown: ‘Live’.

In situation, if price is more than USD 6.80, a pop-up notification window will notify that the value is
higher than daily limit, if user agreed to revert to the unit price to USD 6.80, click ‘Confirm’ button.

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Check through the Buy Order Confirmation and click 'Confirm' to complete the trading. Do note that
the price is placed at USD 6.80.

When there is a Matched Order, payment invoice will release after 1 day and buyer are to make
payment to complete the trade. Click on [Accounts Receivable / Payable] to view the settlement and
make necessary payment.

Placing Sell Orders at Predetermined Price

Select the desired RECs fields and fill in the Price and Quantity to create limit Sell Order:

Example: VN.24.HYD.i_OCT24 > Daily Limit Up: USD 0.50, Daily Limit Down: USD 0.20

Price: USD 0.30, Quantity: 1200.

Click ‘Sell’ and ‘Confirm’ button once users have complete confirming the Sell Order.

Sell Order is created and shown on My Open Orders as it does have partial Matched Orders > Status
shown: ‘Partial’.

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In My Matched Orders, users can view the orders and proceed to make payment to complete trade.
Status shown: ‘Pending Settlement’.

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In situation, if price is less than USD 0.20, a pop-up notification window will notify that the value is
lower than daily limit, if user agreed to revert to the unit price to USD 0.20, click ‘Confirm’ button.

Check through the Sell Order Confirmation and click 'Confirm' to complete the trading. Do note that
the price is placed at USD 0.20.

When there is a Matched Order, payment invoice will release after 1 day and buyer are to make
payment to complete the trade. Click on [Accounts Receivable / Payable] to view the settlement and
make necessary payment.

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8.4 My Activities

In comparison with the Exchange and My Activities, there is a similar overview of each order
performed. However, My Activities can have a full view of all trade that performed in the Exchange (My
Open Orders, My Matched Orders and Filled, Voided and Cancelled).

Filled, Voided and Cancelled – Users can click and view the Device IDs and RECs Serial Numbers that
are bought by users.

8.5 Off-Exchange Agreements

Off-Exchange agreements is facilitated trade with preset business arrangements created by REDEX
and participating parties. The platform supplements these arrangements by providing online RECs
transfer and managing administrative tasks.

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The top navigation provides access to various information:

• Agreements
• My Open Orders
• My Matched Buy Orders
• My Matched Sell Orders
Each agreement is set up between 2 parties with the price, device and quantity. You may click on
[View] to refer the detailed agreement fees. There are 2 Tabs (top right), users may click to view the
agreements of buying order and selling order.

My Open Orders - List of buy/sell orders placed

To see the Buy Order in Trade, you can click the tabs [My Matched Buy Orders] to view the your own
Buy Order listing.

To see the Sell Order you posted in Trade, you can click the tabs [My Matched Sell Orders] to view the
your own Sell Order listing.

8.5.1 Sellers
Users are to discuss with their account manager on the Quantity and Price of the orders. They will be
given Off-Exchange Agreement to confirm the order and perform the transaction.

It is recommended to check what is the market price that other users are posting on the same
Country, Vintage, and Technology, before placing a sell order.

User can specify the Quantity, Price, and Validity of the sell order to suit their needs.

After Sales Manager create the Agreements, Go to Trade > Off-Exchange > Agreements > Selling
tab button. Fee Code/Agreements created > click on View button.

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Seller to select the agreement and confirm REC sell order, next click confirm.

After the seller has confirmed the agreement Sell order, next action to wait for buyer to confirm on
their account.

8.5.2 Buyers
After Seller has confirmed the Agreement, Buyer are to confirm the buy order.

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After Buyer has confirmed the buy order, go to Accounts Payable to make payment. Click View button.
Buyer to select the agreement and confirm REC buy order, next click confirm payment.

Upload Bank Transfer Invoice after Users have made payment. Users to write remarks that they want
to inform REHash support about the transfer. (example: Payment made on 1 Feb 2024) Then click on
the submit button.

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RECs will be transferred to buyer after Finance have confirmed the payment received from buyer.
Buyer may go to Inventory > RECs > Transaction History, to check that the transfer of RECs is
completed.

9 Transaction
9.1 Receiving payment

Process:

Description:

When a trade activity is completed, a corresponding record will be created under the account receivable
section for the seller. Once the system has confirmed receipt of payment from the buyer, it will generate a
self-billing invoice and transfer the payment to the seller after applicable fees have been deducted.

When you received email notification in your mailbox from REHash platform, you may login to your
account to view orders matched and verify the payment transaction received.

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From dashboard, kindly go to Transaction (Accounts Receivable)

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Step 1:

Kindly click view to select the settlement of the payment to view the details.

Step 2:

You will be able to see the transaction status as paid and relevant payment details for the transaction.

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9.2 Sending payment

Process:

Description:

Any activity that results in a fee will create a corresponding record under the account payable section.
The items or services will only be delivered once the system has confirmed receipt of the payment.

When you received email notification in your mailbox from REHash platform to request for payment,
you may login to your account to process your payment.

From dashboard, kindly go to Transaction (Accounts Payable)

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Step 1:

Kindly select and click view on the transaction payment to be processed.

Step 2:

Kindly click confirm payment.

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Step 3:

Kindly click “Add” to upload payment receipt / proof of money transfer.

Step 4:

Kindly input any remarks in the remark's column provided.

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Step 5:

Kindly click “Submit”.

Step 6:

You will be able to see the payment status as “Paid” under Transcation (Accounts Payable).

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9.3 Fees

Process:

Descriptions:

Registration fees are associated with the registration of your RECs or your devices on the platform. For
RECs registration, the registration fee will be deducted from completed trades, which means you will
only be charged when you successfully sell your RECs. For device registration, the registration fee will
be accumulated and paid upon exit of the platform, which means you will be charged when you
remove your device from the platform.

Trading fees are charged for the trading of RECs on the platform. Both the seller and the buyer are
charged a platform fee, which is a percentage of the total value of the trade. This fee is charged to
cover the cost of running the platform, including maintenance, security, and customer support.

It is important to note that all fees are clearly stated before you confirm any transaction, so you will
always know the exact cost before making a trade or registering your RECs or devices.

10 Check Origin of your RECs

How to check your Device Origin

Step 1:

Kindly input the REC ID.

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Step 2:

You will be able to see the detail of the orgin of the device as shown.

11 Troubleshooting
11.1 Frequently Asked Questions (FAQs)

TIGR

Asset Registration:

Question: What are coordinates (Latitude, Longitude) of Asset?

Answer: Coordinates refers to the Latitude and Longitude of the Asset address/location where it was
built at. It can be at same location as the company if Asset is installed on the rooftop. (Provide Asset
photo to justify.)

Question: What address do I use when I am asked to enter the location information for Asset
registration?

Answer: You will be asked to enter both the co-ordinates of the asset and the address of the asset on
the Registry. The address must be the address of the asset (e.g. the address of the wind farm, solar
plant, hydropower plant, etc) and not the office address of the Asset owner.

Question: When I enter the location information, can I enter approximate co-ordinates of the device?

Answer: No, for an Asset to be registered we will need the exact co-ordinates of the Asset. The co-
ordinates should be the co-ordinates of the asset and not the co-ordinates for the office address of
the Asset owner.

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Question: How many photos of the Asset would be preferred?

Answer: 2 - 3 photos of the Asset installation would be preferred.

Question: Who should I put in the field under Project Manager?

Answer: The person in charge of the Project / Asset Registration with REDEX OR the person
responsible for providing the Asset information required for the registration.

Question: Is it necessary to provide the documents? What are the Documents required?

Answer: Yes. It is necessary to provide documents for verification purposes before we can register the
Asset.

Question: What alternative documents can I provide in place of a Power Purchase Agreement (PPA)?

Answer: Power Purchase Agreement can be provided as proof of Asset ownership. Alternatively, if the
electricity generated by the Asset is for self-consumption, the Asset owner can provide a signed
quotation for the installation of the Asset, or invoice for the purchase of the system. You may mask off
sensitive information from the document, however required details such as Asset name, address of
Asset, signatory of owner and installation company (if Asset is purchased, then previous owner
signatory is required) must be shown. These documents are required to verify Asset ownership.

RECs Registration:

Question: What are the documents required for REC registration?

Answer: Metering evidence which shows the asset, the amount of energy produced and the date
period in which the energy was produced (e.g. a sales invoice).

Question: Can future RECs be issued in advance of production?

Answer: Currently, no. RECs are issued against proof of generation from a specific source at a specific
time. A future delivery cannot be guaranteed by any Issuer. Future RECs functionality is in our
roadmap. Watch out for our future RECs exchange functionality in our upcoming announcements.

RECs Retirement:

Question: Can I amend a Retirement Certificate once it has been requested?

Answer: No, it is not possible to reverse the process and so we recommend that you check the details
at all stages of the process.

Question: Is it possible to amend the Retirement details?

Answer: No, once created, it cannot be modified.

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I-REC

Device Registration:

Question: What supporting documents do I need to upload to the Evident Registry to register a
device?

Answer: You will need to submit the following documents for Evident Registry*:

• A completed and signed Device Registration Form (you can find a copy of the form
here https://www.gcc.re/)
• A completed and signed copy of the Owner's Declaration Letter on company
letterhead or if you, as Registrant are the device owner, evidence that you own the
device. Evidence of device ownership should state both the device name and device
owner, e.g. business license.
• Project photos, preferably taken with a mobile phone or camera that embeds GPS
information in the image file.
• Annotated copies of the Single Line Diagram (SLD) which shows the device name or
device owner, the metering points and power generation. The SLD must be an official
copy and be stamped. If there is no official stamp, we will require a signature as a
minimum.
• Sample metering evidence with the device name, metering period (e.g. month and
year) and the MW or kW of generated electricity clearly marked.
• Copies of any Power Purchase Agreements.
• If the device is a wind farm, I-REC will also require a spreadsheet containing the co-
ordinates for each turbine within the windfarm.
*Please note that for devices in the following countries we will also require the following:

• For devices located in China: please confirm whether the device is receiving a Feed-In
Tariff.
• For devices located in Mexico: I-REC also require confirmation that the device is not
receiving CELs.
• For devices located in India I-REC will require details of any Renewable Purchase
Obligation (RPO) or Wheeling Agreement and notification of where a device has been
registered for the Indian RECs scheme.
Please note that I-REC are unable to register devices located in the Philippines if they were
commissioned from 2009 onwards.

Question: What address do I use when I am asked to enter the location information for device
registration?

Answer: You will be asked to enter both the co-ordinates of the device and the address of the device
on the Evident Registry. The address must be the address of the device (e.g. the address of the wind
farm, solar plant, hydropower plant, etc.) and not the office address of the device owner.

Question: When I enter the location information, can I enter approximate co-ordinates of the device?

Answer: No, in order for a device to be registered we will need the exact co-ordinates of the device.
The co-ordinates should be the co-ordinates of the device and not the co-ordinates for the office
address of the device owner. If you are registering a wind farm, I-REC will also require a spreadsheet
containing the co-ordinates for each turbine.

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Question: When can I-REC be issued from for a newly registered device?

Answer: The first day of eligible production can be up to 12 months prior to the issuer receiving the
device registration documentation. However, this period may be restricted by the issuing window
which typically closes for the previous production years on 15 May. However, please note that for the
last 2 years the issuing window has been extended as a result of the Covid-19 pandemic and the
issuing window for 2021 production will be reviewed during 2022.

Question: If I want to register a wind farm, do I need to provide the co-ordinates of each wind turbine?

Answer: Yes, when registering a wind farm I-REC requires a spreadsheet containing the co-ordinates
for each turbine within the windfarm to be uploaded with the supporting documents.

Question: How long is my device registration valid for?

Answer: Devices are registered for an initial period of 5 years. At the end of the 5-year period we will
contact you to provide you with the opportunity to renew the device for a further 5 years. Further
details of the process and costs involved will be outlined in an email to you at that time.

Question: Can we indicate a different name convention other than using the actual device name for
device registration?

Answer: I-REC doesn’t have a strict rule on the naming convention for the device name. The only
requirement is that the device name needs to be consistently represented and reflected throughout all
the documentation (SLD, PPA, Metering info etc.) so that it can reference and matches accurately to
the correct device name.

Question: If we have SLD or other documents in foreign language, will you need us to translate all or
provided a translated SLD / PPA in English as a supplementary document for verification?

Answer: I-REC will only need single line diagram with the device name and other relevant information
needed for registration to be preferably translated to English. We do not need the all the documents to
be fully translated into English, only the relevant contents that the registry needs to ascertain the
authenticity and ownership of the device clearly for the registration to be translated to English will do.

Issuing

Question: What supporting documents do I need to upload to Evident Registry?

Answer: You will need to upload the following documents to the Evident Registry:

• A completed, signed and dated Issuing Request Form.

• Metering evidence which shows the production device, the amount of energy
produced and the date period in which the energy was produced (e.g. a sales invoice).
*Please note for Issue Requests covering multiple months it is recommended that you also upload a
spreadsheet showing each month’s total production and the total for the issuing period.

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Question: Can future I-RECs be issued in advance of production?

Answer: No. An I-REC is a statement of a historic fact and is issued against proof of generation from a
specific source at a specific time. A future delivery cannot be guaranteed by any Issuer.

Question: Can I use a date range for more than one issuing Request?

Answer: No, the Evident Registry will only allow you to use a date range once. So, for example, if you
had eligible production of 15000MWh for 1 May 2021 – 31 July 2021 but you only wanted to claim
60%, you could submit an issue request for 9000MWh, dated 1 May 2021 to 25 June 2021. You
would then have the option to claim the remaining 6000MWh using the date range 26 June 2021 –
31 July 2021.

Question: Do I have to claim for a full month’s production?

Answer: No, please be aware that if you submit an Issuing Request which is dated for a full month, but
you only want to claim for half of the month you will not be able to claim the balance at a later date. For
example, if you had eligible production of 1000.00 MWh for 1 May 2021 – 31 May 2021 but you only
wanted to claim 600MW, you could submit an issue request for 1 May 2021 to 19 May 2021. You
would then have the option to claim the remaining 400MWh using the date range 20 May 2021 - 31
May 2021.

Question: Can I submit an Issue Request for a period that crosses a calendar year (e.g 31 Dec 2021 to
15 Jan 2022)?

Answer: No, we ask that you do not submit Issuing Requests that cross year ends.

Question: Can I submit an Issue Request for a fraction of a MWh?

Answer: Yes, you can claim up to 3 decimal places. However, the Evident Registry only issues I-RECs
for a full MWh, but it will store any fractions of a MWh and will then automatically allocate any
decimals once a full MWh has been reached.

*Please note this only applies to the same device and decimals of MWh from different devices cannot
be combined.

Question: How far back can I date an Issue Request?

Answer: For production between 1 January and 30 June the complete Issue Requests must be
submitted by 31 May of the following year.

For production between 1 July and 31 December the complete Issue Requests must be submitted by
30 September of the following year.

I-REC cannot accept Issue Requests after these deadlines.

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Question: Is there a time limit on selling my I-RECs?

Answer: No, once you have issued your I-RECS and they have been credited to your account there is
no time limit on when they must be sold by. However, in line with many organizations, we encourage
best practice that I-RECs be allocated to redemption periods similar to the production period.

Redemption

Question: Can I amend a Redemption Statement once it has been requested?

Answer: No, it is not possible for users to reverse the process. This process cannot be undone so
please check the details carefully before continuing.

Question: What dates can I use for the reporting period?

Answer: You may choose any dates, for example it is possible to report from 1 December 2021 to 31
December 2022. However, it is up to the Beneficiary and any organization which they may report to
determine which certificates may be acceptable for any given time.

Question: Is it possible to amend the Beneficiary details?

Answer: No, once created, (i.e. by selecting ‘Submit’ on the ‘Add new Beneficiary’ screen of the
Evident registry it cannot be modified. If a Beneficiary is no longer required, it should be marked as
Inactive.

Question: When adding a new Beneficiary do I add the country in the Location field on the Evident
Registry?

Answer: No, you do not need to add the country to the Location field as the country should be
selected from the ‘Country’ drop down box. The Location field should contain the building number,
street name, city/town or state and the zip/postal code.

11.2 Contacting Support

Should you have any issues or enquiries, you may email to platform@redex.eco accordingly.

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