Top Companies in Renewable Energy Certificate (REC) Industry - 3Degrees, Inc. (US), Statkraft (Norway) and Enel Spa (Italy)

The global renewable energy certificate (REC) market is expected to grow at a CAGR of 10.2% from 2025 until it reaches USD 45.45 Billion worth in 2030. Government mandates like Renewable Portfolio Standards (RPS) or Renewable Energy Standards (RES) require utilities and corporations to produce or purchase a certain percentage of renewable energy, creating demand for RECs.

Multiple global size organizations operate worldwide and domestic companies maintain solid distribution networks within their respective national markets shaping the renewable energy certificate (REC) market landscape. 3Degrees, Inc., Ecohz, Statkraft, Shell Energy, EDF Trading Limited, ENGIE, The Green Certificate Company, Enel Spa,  STX Group, form the top renewable energy certificate (REC) competition.

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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 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 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.

Market Ranking

The Renewable Energy Certificate (REC) market is highly competitive, with several key players collectively holding a significant share of the global market. 3Degrees, Inc. has established itself as a leader through its focus on tailored sustainability solutions and corporate decarbonization strategies. Statkraft, a major European energy company, leverages its strong renewable energy generation portfolio to dominate REC trading in the region. Shell Energy and EDF Trading Limited maintain strong positions due to their extensive global energy trading networks and integration of RECs within broader energy management solutions. ENGIE and Enel Spa capitalize on their large renewable energy assets, offering bundled REC and power purchase agreement (PPA) solutions to corporate and industrial clients. STX Group has gained traction with its expertise in environmental commodities trading, facilitating liquidity and market expansion. As demand for RECs grows due to stricter sustainability targets and corporate net-zero commitments, major players are enhancing their offerings with digital platforms, blockchain-based certification, and innovative contract structures. Meanwhile, the remaining market share is distributed among regional and emerging players, fostering competition and creating opportunities for new entrants in the evolving renewable energy landscape.

Related Reports:

Renewable Energy Certificate (REC) Market by Energy Type (Solar Power, Wind Power, Hydropower, Biomass), Capacity (Up to 1000 KWH, 1001-5000 KWH, Above 5000 KWH), End Use (Compliance, Voluntary), and Region - Global Forecast & Trends to 2030

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