Philippines Renewable Energy Certificate (REC) Market 2025: Project Developers' Key to Green Finance Investment Planning To 2032 | Most Leading Companies - I-REC Standard, ECOHZ, Shell Energy Philippines, South Pole

The Philippines Renewable Energy Certificate Market reached US$ 174.93 million in 2024 and is expected to reach US$ 387.45 million by 2032, growing with a CAGR of 9.8% during the forecast period 2025-2032.

Philippines Renewable Energy Certificate Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving market.

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A Philippines Renewable Energy Certificate (REC) is a-based instrument that represents proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy source and was fed into the grid. These certificates can be traded and are used by businesses to meet sustainability goals, comply with renewable portfolio standards, or enhance ESG credentials.

List of the Key Players in the Philippines Renewable Energy Certificate Market:

I-REC Standard, ECOHZ, Shell Energy Philippines, South Pole.

Industry Development:

Biomass RECs often command a premium, driven by strong corporate demand, with prices ranging from US$ 79.41 per MWh in 2023 to US$ 81.72 per MWh projected for 2025. The surge in interest is largely fueled by the Green Energy Option Program (GEOP) and the growing shift among corporations toward ESG-focused procurement strategies-factors that could push prices even higher.

As of December 26, 2024, the Philippines has granted green lane access to 176 projects, including 141 renewable energy initiatives worth approximately US$ 70 billion (PHP 4.13 trillion). In December alone, six projects received approval, among them the US$ 217.21 million (PHP 12.72 billion) Laguna Wind Project in Calabarzon, according to the Board of Investments. These investments are directly enhancing REC supply, supporting businesses in achieving Renewable Portfolio Standards (RPS) compliance and meeting their broader sustainability objectives.

Growth Forecast Projected:

The Philippines Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the Philippines Renewable Energy Certificate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Philippines Renewable Energy Certificate Market:

By Type: I-REC, TIGR

By Energy Source: Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the sales, production, consumption, import, and export value of the Philippines Renewable Energy Certificate market?

➠ Who are the leading manufacturers in the Philippines Renewable Energy Certificate industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the Philippines Renewable Energy Certificate industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Philippines Renewable Energy Certificate market?

➠ What are the various sales, marketing, and distribution channels in the industry?

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