11-27-2025 10:04 AM CET | Energy & Environment

Taiwan Renewable Energy Certificate Industry

Taiwan renewable energy certificate market is experiencing rapid growth, valued at US$ 148.56 million in 2024 and projected to reach US$ 416.65 million by 2032, at a CAGR of 12.1%.

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Taiwan: Recent Industry Developments

✅ October 2025: Taiwan’s Bureau of Energy announced an expanded Renewable Energy Certificate program to accelerate green energy adoption among corporates.

✅ September 2025: Major Taiwanese manufacturers committed to purchasing RECs to meet sustainability goals and reduce carbon footprints.

✅ August 2025: The government introduced streamlined digital platforms to simplify REC trading and enhance transparency.

Key Players:

APX Inc, TÜV AUSTRIA Group, I-REC StandarS

Key industry Development:

✅ Taiwan aims to generate 20% of its electricity from renewables by 2025, supported by its Renewable Energy Certificate system (T-REC) started in 2017. This system helps track and trade credits from solar, wind, and biomass energy.

✅ In October 2025, Taiwan Power Company (Taipower) expanded the program to include more solar and wind projects, encouraging greater participation from companies and utilities to push toward carbon neutrality.

✅ The government also updated REC guidelines to improve verification and compliance, promoting steady growth in renewable energy markets.

Growth Forecast Projection:

The Global Taiwan Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Taiwan Renewable Energy Certificate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segmentation:

By Type: I-REC, GEC

By Energy Source: Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal

Latest M&A

Taiwanese renewable developers, investment funds, and multinational corporations including Google and BlackRock have collaborated to form new REC trading platforms and green energy projects, attracting cross-border capital inflows into the renewable sector.​

FPG Group committed significant capital toward building Taiwan’s largest lithium-iron-phosphate (LFP) battery plant including REC-aligned green energy supply investments, demonstrating synergy with renewable certificates and energy storage expansion

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FAQ’s

Q1: What is the current size of the Taiwan Renewable Energy Certificate Market?

A: The Taiwan Renewable Energy Certificate Market stood at US$ 148.56 million in 2024 and is set to experience remarkable growth, reaching US$ 416.65 million by 2032

Q2: How fast is the Taiwan Renewable Energy Certificate Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 12.1% from 2025 to 2032

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