Latest news with #RenewableEnergyCertificate
Business Upturn
05-05-2025
- Business
- Business Upturn
IEX reports 26% YoY growth in electricity trading volume for April 2025
The Indian Energy Exchange (IEX) reported a monthly electricity traded volume of 10,584 million units (MU) in April 2025, reflecting a 26% year-on-year increase. This growth aligns with rising energy consumption across the country. According to government data, energy consumption reached 147.5 billion units (BUs) in April, representing a 2.2% increase compared to the same period last year. On 25th April 2025, the country's power demand peaked at 235 gigawatts (GW), exceeding the previous April 2024 peak of 224 GW. Despite the higher demand, the average market clearing price in the Day-Ahead Market remained stable at Rs. 5.20 per unit, mirroring last year's rate. This price stability was supported by improved supply conditions. Within the electricity market, the Day-Ahead Market recorded a traded volume of 4,231 MU in April 2025, a 3% rise compared to April 2024. The Real-Time Market showed significant growth, with a volume of 3,893 MU in April 2025, up 48% year-on-year. The Term-Ahead Market, which includes day-ahead contingency, daily, weekly, and monthly contracts, recorded 1,639 MU, marking a 28% increase from the previous year. In the green energy segment, the Green Market—comprising the Green Day-Ahead and Green Term-Ahead Market—achieved a total volume of 782 MU in April 2025. This was a 95% increase from 402 MU recorded in April 2024. The weighted average price in the Green Day-Ahead Market stood at Rs. 4.07 per unit. The Renewable Energy Certificate (REC) Market saw trading of 2.90 lakh certificates in April 2025. Trading sessions were held on the 9th and 30th of April, with clearing prices of Rs. 300 and Rs. 350 per certificate, respectively. The next REC trading sessions are scheduled for 14th and 28th May 2025. Looking ahead, peak power demand for financial year 2026 is projected to exceed 270 GW. In preparation, the government has taken steps such as mandating the operation of imported coal and gas-based power plants and ensuring better coal availability. These actions are expected to support improved sell-side liquidity on power exchanges. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
17-04-2025
- Business
- Yahoo
This Week In Energy Transition - Renewable Energy Certificates Market Poised For Significant Growth
The renewable energy certificate (REC) market is expected to reach USD 45.45 billion by 2030, up from USD 27.99 billion in 2025, with a compound annual growth rate of 10.2%. This growth is primarily driven by favorable government policies, corporate sustainability initiatives, and increased climate change awareness. Solar energy leads as the largest market segment, while installations above 5,000 KWh dominate in capacity. The voluntary market segment is gaining ground among corporations aiming to meet sustainability goals, and North America is the second-fastest-growing region, backed by regulatory mandates and sustainability objectives. Major industry players include 3Degrees and Shell Energy, reinforcing the dynamic landscape of the REC market. last closed at £24.34 up 2.7%. In other market news, was a standout up 7.8% and ending the day at MX$425.44, not far from its 52-week high. In the meantime, softened, down 5.1% to finish the session at IDR5,600.00. Shell's $3 billion in cost savings positions it for free cash flow growth. Discover more about Shell's strategy and potential opportunities by clicking here. Don't miss our Market Insights article titled "Automakers Caught In The Tariff Crossfire," offering timely insights into the automaker industry's challenges amid tariffs, EV market shifts, and investment opportunities. Read it now before the landscape changes again! closed at $115.87 up 0.1%. ended the day at $124.38 down 1.9%. settled at $241.55 down 4.9%. Click through to start exploring the rest of the 137 Energy Transition Stocks including Fuji Electric, Hotai MotorLtd and GD Power DevelopmentLtd now. Searching for a Fresh Perspective? Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Renewable Energy Certificate (REC) Industry Report 2025-2030: Solar Power, Wind Power, Hydropower, Biomass Capacity (Up to 1000 KWH, 1001-5000 KWH, Above 5000 KWH), & End Use (Compliance, Voluntary)" from Research and Markets on GlobeNewswire (published 17 April 2025) Companies discussed in this article include BMV:PE&OLES * LSE:SHEL NYSE:VST NasdaqGS:FSLR NasdaqGS:TSLA and IDX:BREN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
01-04-2025
- Business
- Yahoo
Renewable Energy Certificate (REC) Market worth $45.45 Billion by 2030
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. Browse in-depth TOC on 'Renewable Energy Certificate (REC) Market'174 - Tables55 - Figures202 - Pages Download PDF Brochure: 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. Request Sample Pages: 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. For more information, Inquire Now! Related Reports: Carbon Offset/Carbon Credit Market Carbon Credit Validation Verification and Certification Market Get access to the latest updates on Renewable Energy Certificate (REC) Companies and Renewable Energy Certificate (REC) Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 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