Brazil's I-REC market in 2024: the new global leader
Brazil overtook China as the world's largest I-REC issuer in 2024, with more than 62 million MWh issued and redemptions up 31.2%.
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Market insights and news on renewable energy certificates in Latin America and around the world.
Guatemala's I-REC market in 2024: diversifying and rising
Redemptions jumped 49.0% to over 850,000 MWh, solar grew from 0.9% to 4.3% of the mix, and Guatemala climbed to 19th place worldwide.
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Colombia's I-REC market in 2024: diversifying and scaling
Redemptions grew 19.7% to over 6.3 million MWh, and solar jumped from 0.1% to 6.1% of Colombia's I-REC issuance.
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Peru's I-REC market in 2024: rapid expansion
Issuance and installed capacity both grew 40.2%, redemptions rose 33.2%, and solar's share of the mix grew from 0.6% to 5.3%.
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Argentina's I-REC market in 2024: record demand and a new generation mix
Redemptions surged 63.9%, almost matching issuance, while solar more than doubled its share of the mix to 18.8%.
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Chile's I-REC market in 2024: consolidating regional leadership
Chile remains the 4th largest I-REC issuer worldwide and 2nd in Latin America, with a well-balanced mix and 240 active devices.
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Mexico's I-REC market in 2024: breaking the 10 million MWh mark
Mexico issued more than 10 million MWh of I-RECs for the first time, redemptions jumped 44.1%, and distributed solar pushed active devices to 414.
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Moendi at the REC Market Meeting 2025 in Amsterdam
We are returning to the REC Market Meeting in Amsterdam on 8 and 9 April 2025. Book a meeting with our team.
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Moendi at the first I-REC Day Mexico
We will be at the first I-REC Day Mexico, organized by NORMEX and The International Tracking Standard Foundation, on 21 February 2025 in Mexico City.
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Brazil's I-REC market in 2023: over 51 million certificates
Brazil issued more than 51 million I-RECs for vintage 2023, up 48.1%, with over 85% already redeemed and 125 new devices registered.
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Colombia's I-REC market in 2023: steady growth powered by hydro
Colombia issued 6.9 million MWh of I-RECs in 2023, up 4.0%, with redemptions up 12.3% and hydro providing 99.9% of issuance.
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Peru's I-REC market in 2023: issuance nearly doubles
Peru issued 7.1 million MWh of I-RECs in 2023, up 98.3%, while redemptions soared 146.6% and the country climbed to 11th worldwide.
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Argentina's I-REC market in 2023: issuance more than doubles
Argentina issued 1.9 million MWh of I-RECs in 2023, up 120.1%, with redemptions up 124.6% and wind providing 59% of the mix.
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Chile's I-REC market in 2023: a global leader powered by hydro and solar
Chile ranks 5th worldwide and 2nd in Latin America for I-REC issuance, which grew 32.8% in 2023 with 55 new devices registered.
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Mexico's I-REC market in 2023: 9th largest issuer worldwide
With vintage 2023 issuance closed, Mexico ranks 9th worldwide and 3rd in Latin America, with 9.3 million MWh issued, up 25.2%.
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