Press release
Philippines Renewable Energy Certificate (REC's) Market Insights 2025 | Growth Drivers, Key Players & Investment
Philippines Renewable Energy Certificate (REC's) Market
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Key Development:
Philippines: Recent Industry Developments
✅ December 2025: The Philippines strengthened its REC framework to boost corporate and grid-scale renewable integration, encouraging more businesses to green their power portfolios.
✅ November 2025: Renewable developers and utilities accelerated REC issuance as demand grew from energy-intensive sectors looking to meet sustainability goals.
✅ October 2025: Government and private sector collaborations promoted REC trading platforms to improve transparency and accessibility for small and mid-sized buyers.
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Key Players:
Philippine Renewable Energy Market (REM), I-REC Standard, ECOHZ, Shell Energy Philippines, South Pole.
Growth Forecast Projected:
The Global Philippines 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 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.
Key Segments:
➥ By Type: I-REC, TIGR
➥ By Energy Source: Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal
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FAQ's
Q1: What is the current size of the Philippines Renewable Energy Certificate Market?
A: In 2024, the Philippines Renewable Energy Certificate Market was valued at US$ 174.93 million, reflecting its strong industry presence.
Q2: How large is the Philippines Renewable Energy Certificate Market expected to be by 2032?
A: By 2032, industry forecasts suggest the Philippines Renewable Energy Certificate Market will grow to around US$ 387.45 million, demonstrating significant expansion.
Q3: What is the growth rate of the Philippines Renewable Energy Certificate Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 9.8% during the forecast period from 2025 to 2032.
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