Delray Beach, FL, April 14, 2025 (GLOBE NEWSWIRE) — 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%, as per the recent study by MarketsandMarkets™. 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.
The growth of the renewable energy certificate (REC) market is driven by the significant focus of organizations on minimizing their greenhouse gas emissions and increasing investments in renewable energy globally. Also, government policies mandating renewable energy targets are strongly propelling the renewable energy certificate (REC) market as they establish a formal framework to encourage power generation using renewable energy sources. The market exhibits promising growth, given the increasing demand from businesses and individuals seeking to neutralize their carbon footprint.
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List of Key Players in Renewable Energy Certificate (REC) Market:
- 3Degrees, Inc. (US)
- Shell Energy (UK)
- EDF Trading Limited (UK)
- ENGIE (France)
- Enel …