United States Renewable Energy Certificate Market 2025: Industry Developments, Future Growth, Share & Industry Insights | ECOHZ, Green-e Energy, APX Inc., ENGIE, I-REC standard, RECS International, Statkraft

Renewable Energy Certificate Market reached US$ 14.12 billion in 2024 and is expected to reach US$ 112.70 billion by 2032, growing with a CAGR of 26.32% during the forecast period 2025-2032.

According to DataM Intelligence Comprehensive Report has released its latest report on the "Renewable Energy Certificate Market Size 2025," providing a detailed analysis of market trends, key growth drivers, competitive landscape, and regional insights. The report includes market size (value and volume), CAGR projections, and emerging opportunities that help businesses identify growth areas and build effective strategies. Backed by data-driven insights and future outlook, this study serves as a valuable resource for companies looking to stay competitive and capitalize on market potential.

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Industry Latest News 2025:

✅ 2025-01-10: Constellation announced agreement to acquire Calpine a large U.S. power M&A that will reshape generation ownership and REC/product supply.

✅ 2025-07-24: FERC granted a regulatory nod advancing Constellation's planned acquisition of Calpine.

✅ 2025-04-02: I-TRACK/I-REC(E) formally approved South Korea for I-REC issuance (opening an international REC issuance channel alongside domestic K-REC).

✅ 2025-06-29: European Commission issued guidance/decisions strengthening Guarantees-of-Origin (GOs) and related support measures for renewables deployment.

✅ 2025-10-01: Korea published REC-scheme amendments (clarifying REC issuance/eligibility and affecting biomass REC flows and imports).

✅ 2025-05-22: Analysis and market commentary highlighted GOs' expanding role in European corporate procurement and product structuring for traceable green power.

Market Geographical Share:

North America: The region holds a dominant share, primarily led by the United States, where strong state-level Renewable Portfolio Standards (RPS) and voluntary green power programs have boosted REC trading volumes. Canada also contributes with provincial-level initiatives and cross-border trading potential.

Europe: Europe represents a substantial share, supported by the EU's decarbonization policies and national renewable energy obligations. Countries such as Germany, the UK, and the Netherlands are major contributors, with well-established certificate trading systems that promote transparency and accountability in renewable sourcing.

Asia-Pacific: This region is witnessing the fastest growth, fueled by increasing renewable energy investments in China, India, Japan, and Australia. The growing participation of corporations in voluntary REC programs and government-led clean energy targets are strengthening the regional market outlook.

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Market Drivers:

✅ Government Policies and Renewable Mandates: Implementation of renewable energy targets, carbon pricing mechanisms, and RPS obligations are key drivers accelerating REC adoption globally.

✅ Corporate Sustainability Goals: Rising participation of corporations in voluntary REC purchases to achieve net-zero and ESG commitments is expanding market demand.

✅ Energy Transition Investments: Increasing investments in solar, wind, and other renewable sources are creating a larger base of eligible generation for REC issuance.

✅ Carbon Neutral Initiatives: Growing emphasis on carbon offsetting and transparent energy sourcing has encouraged both private and public entities to utilize RECs.

✅ Digital Trading Platforms: Technological advancements and the emergence of blockchain-based REC trading systems are enhancing transparency, reducing transaction costs, and promoting cross-border trading.

Segments Covered in the Beverage Premix Market:

By Type - Compliance RECs, Voluntary RECs

By Certificate - I-REC, TIGR, GEC

By Energy Source - Solar RECs, Wind RECs, Hydro RECs, Others

By End-User - Industrial, Commercial, Residential, Governmental

Regional Analysis for Beverage Premix 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)

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Major Key Players: ECOHZ, Green-e Energy, APX Inc., ENGIE, I-REC standard, RECS International, Statkraft, The Green Certificate Company Limited, Eneco Energy Trade, Shell Energy, Climate Bridge (Shanghai) Ltd., Tata Power Renewable Energy Ltd., Adani Green Energy, INDIAN ENERGY EXCHANGE LIMITED and National Renewable Energy Certification (T-REC) Center.

✅ ECOHZ - A leading European/International REC supplier and advisor that issues, sources and retires RECs/I-RECs for corporates across multiple markets (strong presence in Nordic/European origination channels; positions itself as a full-service REC provider).

✅ Green-e Energy (Center for Resource Solutions) - One of the largest voluntary certification programs in the U.S.; Green-e has certified 100+ million MWh of retail green energy and certifies a notable share of U.S. voluntary green power sales (a major verifier in the U.S. REC market).

✅ Green-e Energy (duplicate entry) - same as above: major U.S. voluntary certification standard with widespread retailer participation and historically large certified MWh volumes.

✅ APX Inc. - A market leader in registry and tracking infrastructure (North American Renewables Registry and other registry services); provides the serialisation, issuance and tracking backbone used by many market participants - critical market infrastructure rather than a commodity-holder.

✅ ENGIE - Large global generator and corporate supplier; a top seller of PPAs and renewable attributes with multi-GW PPA volumes (major originator of the physical generation that underpins large REC/attribute flows).

✅ I-REC Standard - The dominant international certificate standard for many emerging markets (Asia, Africa, Latin America); I-REC issuance has scaled to hundreds of millions of certificates (rapid year-on-year growth), making it a principal channel for corporate claims outside Europe/North America.

✅ RECS International - European trade/standard body supporting Energy Attribute Certificate (EAC) market rules and GoO interoperability (plays an industry-governance and market-design role rather than acting as a large issuer/trader).

✅ Statkraft - Europe's large renewable generator and active REC/GOs trader - vertically integrated (generation + certificate origination/sales), giving it substantial volumes of certificates to supply corporate and utility buyers in Europe and beyond.

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