RECs, or Renewable Energy Certificates, are all about the environmental benefits of electricity produced from renewable sources like solar, wind, hydro, biomass, and geothermal energy. These certificates are essential for boosting the solar industry, acting as a financial motivator for solar power producers.

 Renewable Energy Certificate (REC) Market worth $45.45 billion by 2030

According to a new research report, the global Renewable Energy Certificate (REC) Market is projected to grow from USD 27.99 billion in 2025 to USD 45.45 billion by 2030 at a CAGR of 10.2% during the forecast period. Majority of the countries are expected to develop REC trading platforms, making access and trading more convenient. The market is primarily driven by the growing corporate emphasis on sustainability to align with consumer preferences and increasing national disclosure requirements. Additionally, long-term factors such as corporate interest in Power Purchase Agreements (PPAs) and evolving regulations reinforce renewable energy certificates (RECs) as the key instrument for legitimately claiming renewable energy usage.

Key Market Players

3Degrees, Inc. (US),

EDF Trading Limited (UK),

Shell Energy (UK),

ENGIE (France),

Enel Spa (Italy),

Ecohz (Norway),

Statkraft (Norway),

STX Group (Netherlands), among others...

The solar power, by energy type, is expected to be the most significant energy type market during the forecast period

RECs, or Renewable Energy Certificates, are all about the environmental benefits of electricity produced from renewable sources like solar, wind, hydro, biomass, and geothermal energy. These certificates are essential for boosting the solar industry, acting as a financial motivator for solar power producers. As the world moves more decisively to cleaner forms of energy, so will RECs take on greater importance in this transition. With RECs, stakeholders can hence move towards a more sustainable future and speed up the use of renewable energy solutions.

1,001-5,000 KWH, by capacity, is expected to grow at the second-highest CAGR during the forecast period

The renewable energy certificate (REC) market is witnessing consistent expansion across all capacity segments, fueled by the growing global emphasis on sustainable energy adoption. In this segment, above 5,000 KWh capacity continues to lead, reflecting uptake among industrial and commercial entities. The next growing segment is 1,001-5,000 KWh, since increasing businesses are taking advantage of the capacity while still pursuing their sustainability objectives. The segments having a capacity of less than 1,000 KWh are growing a bit faster because smaller consumers, which include residential and small commercial consumers, are also becoming aware of and taking up renewables. Thus, it is market growth driven by the combined support of income generation, corporate sustainability practices, and a change towards cleaner sources of energy.