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Renewable Energy Certificate (REC) Market worth $45.45 Billion by 2030 | MarketsandMarkets™
DELRAY BEACH, Fla., April 1, 2025 /PRNewswire/ — The global Renewable Energy Certificate (REC) Market is anticipated to grow from estimated 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.
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The solar power, by energy type
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
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.
Regional Analysis
In the recent past, the countries in Asia-Pacific have significantly started increasing the generation of renewable energy with the most focus on solar and wind energy. To facilitate the transition, they have set up several mechanisms and incentives like feed-in tariffs, RECs (renewable energy certificate) programs, and Renewable Energy targets. Key developments responsible for REC market growth in the region are China, Japan, and Australia. As an International Renewable Energy Certificate (I-REC), the market is booming across the region as a global framework for certification of production and usage of renewable equipment.
Key Players
Some of the major players in the Renewable Energy Certificate (REC) Market are 3Degrees, Inc. (US), Ecohz (Norway), Statkraft (Norway), Shell Energy (UK), EDF Trading Limited (UK), ENGIE (France), Enel Spa (Italy), STX Group (Netherlands). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.
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3Degrees, Inc.
3Degrees, Inc. is a globally recognized climate solutions provider and Certified B Corporation. The company specializes in renewable energy and decarbonization, helping organizations worldwide transition to a low-carbon economy. 3Degrees Inc. offers a comprehensive portfolio of Renewable Energy Certificates (RECs), enabling businesses to offset their electricity consumption with renewable energy sources. These RECs are sourced from diverse renewable projects, including wind, solar, and biomass, allowing clients to support sustainable energy initiatives while reducing their carbon footprint. The company also tailors REC portfolios to align with each client’s specific sustainability objectives. Apart from RECs, 3Degrees provides Carbon Credits, Renewable Thermal Certificates (RTCs), and Clean Fuel Standard Services
Enel Spa
Enel Spa is a multinational energy company based in Italy, operating in over 30 countries. It is one of the global leading integrated electricity and gas operators, focusing on the generation, distribution, and sale of electricity and gas. The company offers REC through its subsidiaries Enel Green Power S.p.A. and Enel Global Trading S.p.A. The company operate in both compliance and voluntary REC markets, assisting clients in meeting renewable energy mandates or achieving sustainability goals. The company has a global presence with major operations in Europe, North America, and Asia Pacific.
Statkraft
Statkraft is a Norwegian state-owned enterprise and one of Europe’s largest largest renewable energy producers and a global company in energy market operations. The company has evolved into a global leader in hydropower, wind power, solar energy, and other renewable sources. It is expanding globally to increase renewable power generation from water, wind and sun. Statkraft offers Renewable Energy Certificates (RECs), which are market-based instruments that certify the bearer owns one megawatt-hour (MWh) of electricity generated from a renewable energy resource. These certificates play a crucial role in promoting renewable energy by providing a mechanism for trading and tracking green energy production. The company conducts its business operations majorly in Europe, South America and Asia.
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WINDSOR, Conn., April 9, 2025 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that T. Rowe Price, a global investment management firm, has extended its transfer agency agreement with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. fund range. SS&C will provide transfer agency services for T. Rowe’s open-ended investment company (OEIC) funds, which currently manage approximately £1.5 billion in assets.
“SS&C’s distribution solutions have been integral in helping us deliver best-in-class technology and servicing in the U.K.,” said Denise Thomas, Chief Operating Officer, EMEA for T. Rowe Price. “The team’s knowledge and expertise in the market, along with the simplicity and stability of the platform’s trading and settlement functionality, make SS&C stand out from the competition.”
SS&C administers 21 of T. Rowe’s active funds, with the register focused primarily on distributors and nominees. Services include straight-through processing of trades and settlement support, as well as comprehensive reporting via SS&C’s secure distributor portal.
“We are excited to continue our partnership with T. Rowe Price,” said Damien Barry, head of SS&C GIDS, EMEA. “We are dedicated to providing cutting-edge technology and expertise to support our partners’ growth in the U.K. and globally. We look forward to working closely with T. Rowe Price on solutions to evolving market needs.”
About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages US $1.61 trillion in assets under management as of December 31, 2024. About two-thirds of the assets under management are retirement-related.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
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Fintech PR
The VIP Advantage: Bybit Partners with SoSoValue to Issue VIP-Exclusive Daily Industry Report
DUBAI, UAE, April 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a timely new VIP benefit to help traders navigate macro market headwinds. Starting now, Bybit VIPs will access an insight-driven advantage: a tailor-made daily industry report released daily by Bybit and SoSoValue, the industry-leading investment research powerhouse trusted for its advanced AI.
SoSoValue is an AI-powered cryptocurrency research and investment platform that provides real-time market analytics, portfolio management tools, and automated investment strategies for users. Delivered exclusively to Bybit VIPs, the Bybit Industry Report is the first joint report of its kind for SoSoValue and Bybit, combining market insights and Bybit-exclusive news, and offering readers the edge they need to implement and adjust investment strategies.
The six-part report covers technical and community aspects to capture the nuances and macroeconomic climate beyond the crypto space:
- Crypto Breaking News: Must-read crypto news for traders
- Daily Selection: Trending tokens and price movements
- Bybit New Listing: New listings on Bybit
- Today’s News: From trade war to rate cuts—headlines that move markets
- Price Technical Analysis: A deep dive into price mechanisms
- Community Sentiments: Feeling the pulse of investors, communities, and traders
“This partnership sets a new benchmark for the industry. By combining SoSoValue’s AI-powered intelligence with our Spot’s latest product Lens, a 24/7 always-on trading concierge, we are delivering the first-ever, full-suite on-chain data service—live and exclusively for our VIPs. It is not just a collaboration; it is a defining moment for how serious players access on-chain intelligence,” said Emily Bao, Head of Spot and Web3 at Bybit.
The daily report equips traders with data-driven foresight and trendspotting superpower, helping them sail through the rapids of the crypto space with confidence: Bybit x SoSoValue Daily Report: Your key to analyzing market trends
At Bybit, the VIP advantage doesn’t end here. Curated to a comprehensive suite of services and top-of-the-range VIP experience, the program offers access to generous rewards programs, early bird perks, bespoke customer support, and exclusive events.
The Bybit VIP badge entitles traders unparalleled benefits, from higher trading limits to zero fees and rebates that help traders save long-term. Users may find out more from the program: Bybit VIP | Crypto Meets Elite.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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DUBAI, UAE, April 9, 2025 /PRNewswire/ — On April 7, MEE2025 grandly opened at the Dubai World Trade Center in the United Arab Emirates. CHG EnSOL Renewable Technology Co., Ltd., a subsidiary of Central New Energy Holding Group (01735.HK), made its appearance at booth H6.F23, joining global industry elites to discuss the future of green energy.
The company showcased a variety of products and green solutions that captured the attention of guests. Central New Energy Holding Group’s “Gemini” series N-type TOPCon cells and CHGMN series ultra-high efficiency TOPCon photovoltaic modules boast ultra-high conversion efficiency and excellent adaptability to extreme environments, making them suitable for the climate in the Middle East with abundant sunshine, high temperatures, little rain, and large temperature differences between day and night. The company’s comprehensive green solution integrating source, grid, load, and storage will also effectively assist traditional high-energy-consuming enterprises in the Middle East to accelerate their energy transition.
In 2023, Yu Zhuyun, Chairman of Central New Energy Holding Group, was invited to participate in COP28 held in Dubai. As a representative of Chinese entrepreneurs, he solemnly stated, “In the next five years, Central New Energy Holding Group plans to build 100 zero-carbon industrial parks with global partners, achieving the goal of reducing global carbon emissions by 800 million tons annually.”
In the face of the global energy revolution, the company has proactively joined overseas market competition, actively researching and developing various green environmental protection technology routes such as BC cells, perovskite/crystalline silicon tandem cells, and green fuels like Hydrogen-Ammonia-Alcohol-Oil blend. Its products are sold overseas, and it has already started cooperation with customers in Europe, Southeast Asia, and other regions.
In the future, the company will be based in countries along the “Belt and Road” such as the United Arab Emirates and Saudi Arabia, while simultaneously radiating its layout to regions like Asia-Pacific, Europe, and the Americas to vigorously expand its international business. It will contribute the strength of Chinese enterprises to building the “Green Silk Road,” promoting the transformation of the Middle East from a “petroleum economy” to a “green economy”, and creating a new blueprint for global energy.
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