Taiwan Renewable Energy Certificate Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The Taiwan renewable energy certificate market is experiencing rapid growth, valued at US$ 148.56 million in 2024 and projected to reach US$ 416.65 million by 2032, at a CAGR of 12.1%.

Key Development:

Taiwan: T-REC Market Highlights

✅ June 2025: The cumulative T-REC issuance reached 2,544,000 kWh from 19 generation sites, equivalent to a reduction of 1,346 tons of carbon emissions. This milestone demonstrates the effectiveness of Taiwan's certification system in promoting renewable energy adoption.

✅ June 2025: BCPG Public Company Limited expanded into Taiwan by acquiring 100% of Xiao Zhi Co., Ltd., a developer of substation and transmission line systems for a 200-MW solar power plant under development. This acquisition also includes leasehold rights for an 83-MW solar project, enhancing BCPG's renewable energy portfolio in the region.

✅ May 15, 2025: Taiwan's T-REC system advanced towards sub-hourly matching, aligning electricity consumption with renewable generation in real-time. This upgrade supports 24/7 carbon-free energy goals, attracting global enterprises to meet supply chain decarbonization targets.

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A Renewable Energy Certificate (REC) is a tradable certificate that represents proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy source. RECs enable businesses and utilities to meet renewable energy targets, promote green energy adoption, and support a low-carbon economy.

Key Players:

=> Taiwan Renewable Energy Certificate Center, APX Inc, TÜV AUSTRIA Group, I-REC StandarS

Growth Forecast Projected:

The Global Taiwan Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, 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 global Taiwan 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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Key Segments:

➥ By Type: I-REC, TIGR
➥ By Energy Source: Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal

Regional Analysis for Taiwan Renewable Energy Certificate Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Taiwan Renewable Energy Certificate producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Taiwan Renewable Energy Certificate revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Taiwan Renewable Energy Certificate Market?

A: In 2024, the Taiwan Renewable Energy Certificate Market was valued at US$ 148.56 million, reflecting its strong industry presence.

Q2: How large is the Taiwan Renewable Energy Certificate Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Taiwan Renewable Energy Certificate Market will grow to around US$ 416.65 million , demonstrating significant expansion.

Q3: What is the growth rate of the Taiwan Renewable Energy Certificate Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 12.1%. during the forecast period from 2025 to 2032.

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