Press release
Indonesia Renewable Energy Certificate Market Growth Value US$ 14.31 million by 2032 | Top 2025 Companies - I-REC Standard, Medco Power Indonesia, Barito Pacific Energy
Indonesia Renewable Energy Certificate Market Size 2025
Indonesia renewable energy certificate market reached US$ 9.28 million in 2024 and is expected to reach US$ 14.31 million by 2032, growing with a CAGR of 4.9% during the forecast period 2025-2032.
Download Free Sample PDF Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/indonesia-renewable-energy-certificate-market?kb
Renewable Energy Certificate (REC)
February 2026:
✅ PLN expanded its Renewable Energy Certificate (REC) program to support corporate decarbonization goals, enabling more industrial players to claim renewable electricity usage.
January 2026:
✅ Growing participation from multinational corporations in Indonesia's REC marketplace strengthened voluntary renewable procurement trends.
December 2025:
✅ The Indonesian government reinforced its commitment to achieving net-zero emissions by 2060, encouraging wider REC adoption among commercial and industrial sectors.
Latest Mergers & Acquisitions (M&A)
• Xpansiv acquires Evident to expand REC reach - Xpansiv completed acquisition of Evident, combining renewable energy certificate registries and platforms to broaden REC market reach and services.
Major Top Key Players:
PLN (Perusahaan Listrik Negara), Medco Power Indonesia, Pertamina NRE, Adaro Energy, Barito Pacific Energy, and I-REC Standard.
Growth Forecast Projection:
The Indonesia Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, 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.
Key Developments:
✅ February 2026: In Indonesia, state utility Perusahaan Listrik Negara expanded its Renewable Energy Certificate (REC) trading mechanism, enabling greater corporate participation and supporting multinational companies in achieving Scope 2 emission reduction targets aligned with global sustainability frameworks.
✅ January 2026: The Ministry of Energy and Mineral Resources (ESDM) strengthened regulatory oversight of REC issuance and verification to enhance transparency, prevent double counting, and improve investor confidence in Indonesia's voluntary carbon and green electricity markets.
✅ December 2025: Major industrial players in manufacturing and data center operations increased procurement of RECs to meet ESG commitments, driven by rising demand for green supply chain compliance from global buyers and export markets.
✅ November 2025: Indonesia accelerated digitalization of REC tracking systems, improving certificate traceability and enabling real-time verification for corporate sustainability reporting and renewable energy disclosure initiatives.
✅ October 2025: Several multinational corporations operating in Indonesia expanded long-term REC purchasing agreements to hedge against future carbon pricing risks and align with global net-zero roadmaps.
✅ August 2025: Financial institutions in Indonesia began integrating REC-backed renewable electricity procurement into sustainable finance frameworks, supporting green bonds and sustainability-linked loan structures.
✅ June 2025: Growing participation from commercial real estate, hospitality, and FMCG sectors boosted REC demand, reflecting increasing corporate pressure to decarbonize operations and enhance brand sustainability positioning.
Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=indonesia-renewable-energy-certificate-market?kb
Key Segmentations:
• By Type: I-REC dominates the Indonesia REC market driven by strong corporate ESG commitments and international recognition, while TIGR is gaining traction among organizations focused on traceable and transparent renewable energy claims.
• By Energy Source: Solar RECs lead adoption due to Indonesia's expanding solar capacity, followed by Hydro and Geothermal certificates, while Wind and Biomass contribute steadily to diversified renewable portfolios.
• Growing corporate sustainability targets, carbon neutrality pledges, and green supply chain mandates are accelerating demand for verified renewable energy certificates across industrial and commercial sectors.
Get Customization in the report as per your requirements: https://datamintelligence.com/customize/indonesia-renewable-energy-certificate-market?kb
Market Growth Drivers
✅ Government Push for Green Goals: Jakarta has set an ambitious target: bump renewables to 23% of the energy mix by 2025, up from 13% in 2020. Backing this are hefty budgets, like IDR 1.5 trillion (about USD 100 million) for renewable projects, plus incentives that make clean energy irresistible. Think tax breaks and easier permitting-these are drawing investors like moths to a flame.
✅ Corporate Hunger for Sustainability: Big names are snapping up RECs to hit net-zero targets. Google Indonesia, Amazon Web Services, Microsoft, and Unilever are all in, aligning with global pledges like RE100 (100% renewable energy) and Science-Based Targets initiative (SBTi). Locally, companies like PT Mitra Stania Prima and PT Inecda Plantation are buying in bulk 592 MWh worth in one recent deal to green their operations and boost ESG scores.
✅ Abundant Natural Resources: With over 3,000 GW of renewable potential mostly solar, but also wind, hydro, bioenergy, geothermal, and even ocean power Indonesia is sitting on a goldmine. Falling tech costs and innovations like smart grids and energy storage are making it easier to tap in.
✅ Sector-Specific Demand: Manufacturing and data processing lead the charge, with smelting and non-manufacturing (like mining and agriculture) catching up. State utility PLN is democratizing access, selling RECs to smaller firms and diversifying the market beyond multinationals.
Contact Us For Custom Research: https://www.datamintelligence.com/custom-research?kb
Empower your strategy with real-time competitor intelligence, forward-looking forecasts, and comprehensive global investment insights all in one place.
Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?kb
✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Indonesia Renewable Energy Certificate Market Growth Value US$ 14.31 million by 2032 | Top 2025 Companies - I-REC Standard, Medco Power Indonesia, Barito Pacific Energy here
News-ID: 4397337 • Views: …
More Releases from DataM Intelligence 4 Market Research LLP
Renewable Energy Storage Market Set for Strong Growth to USD 2,253.0 Million by …
Global Renewable Energy Storage Market reached US$ 949.9 Million in 2023 and is expected to reach US$ 2,253.0 Million by 2031, growing with a CAGR of 11.4% during the forecast period 2024-2031.Rising renewable energy integration, increasing grid modernization initiatives, declining battery costs, and supportive government policies are driving market growth. Growing demand for reliable power supply, energy transition goals, expanding solar and wind installations, and advancements in energy storage technologies…
Home Medical Equipment Market to Reach USD 75.82 Billion by 2033 at 6.8% CAGR | …
The Home Medical Equipment Market reached US$ 45.35 billion in 2024 and is projected to grow to US$ 75.82 billion by 2033, expanding at a CAGR of 6.8% during the forecast period from 2025 to 2033. Market growth is primarily driven by the rising prevalence of chronic diseases, an increasing geriatric population, and the ongoing shift toward home based healthcare and remote patient monitoring solutions.
Advancements in portable medical technologies, improved…
Geothermal Power Market Set for Explosive Growth at 22.6% CAGR During 2024-2031, …
The Global Geothermal Power Market is expected to grow at a CAGR of 22.6% during the forecast period (2024-2031). Rising demand for renewable energy, supportive government policies, and increasing investments in sustainable power infrastructure are driving geothermal power market growth.
Technological advancements in drilling and reservoir management, along with growing focus on reducing carbon emissions and energy security concerns, further accelerate market expansion globally.
Get a Free Sample PDF Of This…
Thailand Breast Augmentation Market to hit US$ 70.38 million by 2033 | Growth An …
Market Size and Growth
Thailand Breast Augmentation Market reached US$ 40.45 million in 2024 and is expected to reach US$ 70.38 million by 2033, growing at a CAGR of 7.3 % during the forecast period 2025-2033
Thailand's booming breast augmentation market. As a global leader in medical tourism, Thailand combines world-class healthcare, skilled surgeons, and affordable luxury, making it a go-to destination for those seeking enhancement. Let's dive into the details of…
More Releases for REC
Renewable Energy Certificate (REC) Market Skyrockets from $14.12B in 2024 to $11 …
The Renewable Energy Certificate (REC) market is experiencing explosive growth, climbing from US$ 14.12 billion in 2024 to a projected US$ 112.70 billion by 2032, an astonishing 26.32% CAGR between 2025 and 2032.
👉 Download our latest market insights: https://www.datamintelligence.com/download-sample/renewable-energy-certificate-market?ophp
RECs serve as tradeable instruments often called green tags each representing one megawatt-hour of renewable energy generated. Their appeal lies in offering a flexible, transparent method for businesses and governments to demonstrate…
Parks & Recreation Management Software Market Next Big Thing | Major Giants Daxk …
The Latest research study released by Ample Market Research “Global Parks & Recreation Management Software Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies…
REC Awards 2021: Five Nominations for HRS
This year's REC Awards will take place in London on Thursday 25 November 2021. The shortlist was announced this month, and as always, the event promises to be a spectacular celebration of the UK recruitment industry's best and brightest.
Hyper Recruitment Solutions, the life science recruitment company founded by former BBC Apprentice winner Ricky Martin and his business partner Lord Sugar, received five nominations across four different award categories...
BEST COMPANY TO…
Global Solar PV Market 2018 -Hanwha, Sharp, First Solar, Kyocera Solar, SunPower …
The study which offers insights of in-depth research on Global Solar PV Market delivers the future prospects of the market, emerging trends and delivers the methodical outlook of the industry by considering features such as Solar PV market growth, consumption volume, market trends and industry cost structure during the forecast period 2018-2025.The study provides a Solar PV market Segmentation it in terms of Region, Type and Application. These segments are…
Award Winning Rec 2 Rec Company Launch Their New Social Media Campaign To Help R …
In 2013 business is about engagement and adding value to clients and customers. One such company, in the recruitment sector is doing just that. GSR2R is an award winning recruitment to recruitment agency based in Soho London who pride themselves ion adding value to the clients they serve and recruiters they place by giving them tips and ideas about being successful in recruitment while at the same time sharing their…
GSR2R Award Winning Rec to Rec Company Launch Their New Website
A recent Sunday Times Survey highlighted that one of the fastest growing business sectors in the UK is the recruitment market. Twenty six recruitment companies made it into the top 100 growing organisations. As a result many recruitment business owners are looking for new and experienced recruiters online. One company that provides a service in this area are GSR2R a London based Rec to Rec company. To help provide the…
