Huang Yutong from China General Certification Center (CGC) also presented, explaining why IECRE was established, its role and the value of certification, which guarantees consistency with consensus-based IEC International Standards.
Attended by 13 financial institutions, including banks, insurance and leasing companies, the session enabled constructive discussions and for attendees to express their requirements for large-scale RE investments.
Financial institutions recognize that harmonized standards and certification contribute to a more transparent and efficient certification environment for all stakeholders. Following the presentations, several Chinese financial institutions and two certification organizations (one Chinese and one American) signed a Memorandum of Understanding (MoU) in support of the development of IECRE System and in recognition of IECRE certificates and reports.
The aim of the MoU is to outline areas of cooperation among the parties, such as communication and supporting development of IECRE system, in order to build collaboration among IECRE, certification bodies and financial institutions and to consider endorsing IECRE certificates and reports as a proof of qualification.
IECRE, the IEC System for Certification to Standards Relating to Equipment for Use in Renewable Energy Applications, was created in recognition that the ever-increasing demand for electricity and the need to address the specific requirements of the RE sector. The System aims to facilitate international trade in equipment and services for use in RE in the marine, solar PV and wind energy sectors, while maintaining the required level of safety. It will cover products, services and personnel, to provide testing, inspection and certification.