米国の再生可能エネルギー証書市場の評価：エネルギータイプ別、容量別、最終用途別、地域別、機会、予測、2018年～2032年

米国の再生可能エネルギー証書市場は、予測期間の2025年から2032年のCAGRが10.23％となり、2024年の101億1,000万米ドルから、2032年には220億4,000万米ドルに成長すると予測されます。米国市場は、規制、企業、社会的要因によって近年大きな成長を遂げており、今後も力強い拡大ペースを維持すると予想されます。再生可能エネルギー証書（REC）は、再生可能エネルギーの発電を促進し、再生可能エネルギー購入義務（RPO）の遵守を促進するために設計された、市場ベースの商品の一種です。1枚のRECは、再生可能エネルギー源から発電された電力の1メガワット時（MWh）を表します。RECは、クリーンエネルギーの追跡と促進を容易にし、市場での需要を促進します。米国は、再生可能エネルギーの導入に向けた幅広い傾向を反映しており、これが近年のREC市場の急成長につながっています。

さらに、気候変動とその影響に対する国民の意識の高まりが、再生可能エネルギーソリューションへの関心を高め、さまざまなセクターがRECに投資するよう促しています。国内では、商業部門と住宅部門がカーボンニュートラルと再生可能エネルギーの目標に取り組んでおり、市場における自主的なRECの需要を押し上げています。企業は、RECを利用して排出量を相殺し、環境責任を証明しています。さらに、再生可能エネルギー・ポートフォリオ基準（RPS）のような、現在進行中の積極的な州レベルの政策は、電力会社に再生可能エネルギー源から特定の割合のエネルギーを生産することを義務付けており、これも今後数年間のREC市場規模の拡大に寄与しています。電力会社が義務を果たすためにRECに依存しているため、再生可能エネルギーの使用に関するコンプライアンスの高まりは、依然としてREC需要の主要な促進要因となっています。

例えば、2023年2月、SolvayとenergyReは、サウスカロライナ州カルフーン郡のローンスター・ソーラー・プロジェクトで発電された再生可能エネルギー証書（REC）をSolvayがすべて購入する15年契約の締結を決定しました。この開発は、企業が再生可能エネルギー証書を購入することによって、脱炭素化を相殺し、設定された目標を達成するために契約を締結していることを強調しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 購入決定時に考慮される要素
  • コンプライアンス要件
  • 認証基準
  • RECのヴィンテージ
  • 技術タイプ
  • 価格

第5章 米国の再生可能エネルギー証書市場の展望、2018年～2032年

• 金額別
• 数量別
• 市場シェア分析と予測
  • エネルギータイプ別
    • 太陽光発電
    • 風力
    • 水力発電
    • その他
  • 容量別
    • 0～1000KWh
    • 1100～5000KWh
    • 5000KWh以上
  • 最終用途別
    • コンプライアンス
    • 任意
  • 地域別
    • 北東部
    • 中西部
    • 西部
    • 南部
  • 企業別市場シェア分析（上位5社とその他-金額別、（2024年））
• 市場マップ分析、2024年
  • エネルギータイプ別
  • 容量別
  • 最終用途別
  • 地域別

すべてのセグメントは、対象地域すべてに提供されます。

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

• 市場促進要因
• 市場の課題

第9章 市場の動向と発展

第10章 競合情勢

• 市場リーダー上位5社の競合マトリックス
• 上位5企業のSWOT分析
• 市場上位10の主要企業の情勢
  • Constellation Energy Corporation
  • 会社概要
  • 主要経営陣
  • 製品とサービス
  • 財務状況（報告通り）
  • 主な市場フォーカスと地理的プレゼンス
  • 最近の動向/コラボレーション/パートナーシップ/合併と買収
  • Duke Energy Corporation
  • 3 Phases Renewables Inc.
  • NextEra Energy, Inc.
  • American Electric Power Company, Inc.
  • Callective Energy.
  • NRG Energy, Inc.
  • United Green Energy, Inc.
  • WGL Energy Services, Inc.
  • Enel North America Inc.

上記の企業は市場シェアに基づいて注文を保留しておらず、調査作業中に入手可能な情報に基づいて変更される可能性があります。

第11章 戦略的提言

第12章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. United States Renewable Energy Certificate Market, By Value, In USD Billion, 2018-2032F
• Figure 2. United States Renewable Energy Certificate Market, By Volume, In Million MWh, 2018-2032F
• Figure 3. United States Renewable Energy Certificate Market Share (%), By Energy Type, 2018-2032F
• Figure 4. United States Renewable Energy Certificate Market Share (%), By Capacity, 2018-2032F
• Figure 5. United States Renewable Energy Certificate Market Share (%), By End-use, 2018-2032F
• Figure 6. United States Renewable Energy Certificate Market Share (%), By Region, 2018-2032F
• Figure 7. By Energy Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 8. By Capacity Size Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 9. By End-use Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 10. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

United States renewable energy certificate market is projected to witness a CAGR of 10.23% during the forecast period 2025-2032, growing from USD 10.11 billion in 2024 to USD 22.04 billion in 2032. The United States market has experienced significant growth in recent years due to regulatory, corporate, and societal factors and is expected to maintain a strong pace of expansion in the coming years. Renewable Energy Certificates (RECs) are a kind of market-based instruments that are designed to promote the generation of renewable energy and facilitate compliance with renewable purchase obligations (RPO). A single REC represents the one megawatt-hour (MWh) of electricity that has been generated from renewable sources. RECs facilitate the tracking and promotion of clean energy which drives its demand in the market. United States is reflecting a broader trend toward the adoption of renewable energy which has led to the growth of the REC market rapidly in recent years.

Moreover, the growing public awareness about climate change and its impacts has heightened interest in renewable energy solutions, thus prompting different sectors to invest in RECs. In the country, commercial and residential sectors are committing to carbon neutrality and renewable energy targets, boosting the demand for voluntary REC in the market. Companies use RECs to offset emissions and demonstrate environmental responsibility. Furthermore, the ongoing aggressive state-level policies, such as Renewable Portfolio Standards (RPS), mandate utilities to produce a specific percentage of energy from renewable sources, which also contribute to the expansion of RECs market size in the coming years. The rising compliance regarding the use of renewable energy remains a key driver of REC demand, as utilities rely on RECs to meet obligations.

For instance, in February 2023, Solvay and energyRe decided to enter into a 15-year agreement in which Solvay purchased all renewable energy certificates (RECs) generated by the Lone Star Solar project in Calhoun County, South Carolina. This development highlights that companies are entering into contracts to offset decarbonization and achieve the set goals by buying renewable energy certificates.

Rise in Corporate Sustainability Commitments Amplify Market Size

Companies are increasingly seeking solutions that could help to prioritize sustainability along with the rising production activities. RECs are a kind of cost-effective and flexible solution to meet sustainability targets that are set by the company. Corporations are increasingly committing to sustainability goals and adopting corporate social responsibility (CSR) strategies which include carbon neutrality, also emphasize environmental stewardship, thus driving the demand for renewable energy certificates (RECs) in the market. Companies are engaged in purchasing RECs as certificate allows companies to offset the carbon emissions and demonstrate company commitment to renewable energy usage in several operations.

For instance, in 2023, about 9.7 million customers procured approximately 319 million MWh of renewable energy through green power markets, out of which 117 million MWh was procured through unbundled RECs in the United States. This development highlights that corporations are buying green energy to fulfill corporate social responsibility (CSR).

RECs are viable solutions that help in achieving sustainability goals without incurring significant capital expenditures which boosts its market size. RECs are particularly appealing for businesses which may not have the capacity or infrastructure to produce renewable energy on-site. Investing in RECs is often more cost-effective than investing directly in renewable energy infrastructure. The financial incentive provided by RECs encourages companies to invest in RECs, thus increasing its demand in the market.

Government Policies and Regulations Create a Pool of Market Opportunities

In the United States, policymakers are increasingly recognizing the role of renewable energy in enhancing economic and environmental sustainability. The rising focus on renewable energy mix is leading to support the policies that promote clean energy development, thereby creating a favorable environment for the growth of REC transactions in the country. The United States government commences regulations that mandate the usage of renewable energy at certain levels in commercial and residential sectors. Moreover, the federal government has set aggressive decarbonization targets for various sectors, including electricity generation and transportation which drive the demand for RECs in the market. RECs help as companies strive to offset emissions by purchasing RECs from the market at cost-effective rates.

Several states in the United States have implemented policies such as Renewable Portfolio Standards (RPS), which mandate different sectors, such as utilities, to use renewable energy to produce electricity. The rising compliance standards in the country lead to the purchase of certificates to demonstrate adherence to compliance requirements. For instance, the United States launched the long-term tax credits from the Inflation Reduction Act of 2022, which increased state-level clean energy targets and lucrative prices for solar carve-outs and offshore wind, thus driving the demand for RECs in the market.

With the strengthening of regulations and compliance requirements, the demand for RECs is expected to rise significantly. Furthermore, various regions are establishing aggressive clean energy goals, such as achieving 100% carbon-free electricity by specific target years. This trend is driving the demand for renewable energy certificates in the market. Additionally, the goal of achieving net-zero carbon emissions by 2050 is spurring investment in renewable technologies and services, further increasing the demand for RECs. For instance, Illinois has set a 2050 carbon-free electricity target, which necessitates using RECs to meet these goals. As states enforce existing clean energy laws and develop new regulations, the demand for RECs will rise in the coming years.

Solar Power Holds a Notable Market Share

Solar power currently accounts for the largest segment, which makes it dominate the market. In the United States, several incentives and tax credits are also given to boost the utilization of solar energy which has rendered solar energy cheaper to producers and consumers.

Government support encourages the deployment of more solar projects in the country, which in turn generates more RECs in the solar sector. The declining cost of solar panels makes them an attractive option for utilities and companies looking to meet renewable energy targets efficiently, thereby driving investment in the solar power sector. Solar power is scalable and cost-effective, which leads the corporate sector to place significant focus on it. Companies often purchase RECs from solar projects to meet their sustainability commitments without needing to invest in physical solar installations, further driving market demand.

West Region Leads the United States Renewable Energy Certificate Market

The West region dominates the REC market, holding the highest market share due to the presence of states such as California and Oregon. These states have implemented stringent Renewable Portfolio Standards (RPS) policies that require the utility sector to source a significant portion of its energy from renewable sources. Such mandates create compliance requirements, which drive demand for RECs in the utility sector.

For instance, in 2021, the West region of the country accounted for 36.9% of credits retired and 46.1% of the estimated 2022 US REC value. This development highlights that companies in the western part engage in buying the RECs, which makes the region dominate the market.

In addition, the region has vast natural resources which is suitable for renewable energy generation particularly solar and wind which boosts the growth of RECs in the market. As per the RECs market forecast, the presence of an abundance of facilitates and resources will lead to the generation of many RECs, with projections indicating over 480 million RECs generations annually in the West by 2030.

Future Market Scenario (2025 - 2032F)

The implementation of Renewable Portfolio Standards (RPS) creates the demand for renewable energy certificates.

Corporations are increasingly committing to carbon neutrality and renewable energy goals boosting the demand for REC in the forecast period.

Rising public awareness about climate change and the environment creates market opportunity for the forecast period.

As industries and homeowners continue to seek cleaner, more efficient, and more reliable power solutions the demand for renewable energy certificates will continue to grow in the forecast period.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of renewable energy certificates, as the companies compete concerning energy efficiency, product life, and unique features. The market outlook remains positive, owing to increased demand for integrating renewable energy and automation in the industrial sector. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in January 2024, The Meridian Group (TMG) and WGL Energy entered a contract for purchasing renewable energy certificates (RECs). WGL Energy will ensure that 100% of the electricity used by The Meridian Group (TMG) properties in 2024 will be supported by renewable wind energy production. This development highlights that companies are entering into contract contracts, which help will help their increase revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Factors Considered in Purchase Decisions
  • 4.1.1. Compliance Requirements
  • 4.1.2. Certification Standards
  • 4.1.3. Vintage of RECs
  • 4.1.4. Technology Type
  • 4.1.5. Pricing

5. United States Renewable Energy Certificate Market Outlook, 2018-2032F

• 5.1.1. By Value
• 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Energy Type
    • 5.2.1.1. Solar Power
    • 5.2.1.2. Wind Power
    • 5.2.1.3. Hydro-Electric Power
    • 5.2.1.4. Others
  • 5.2.2. By Capacity
    • 5.2.2.1. 0-1000 KWh
    • 5.2.2.2. 1100-5000 KWh
    • 5.2.2.3. More than 5000 KWh
  • 5.2.3. By End-use
    • 5.2.3.1. Compliance
    • 5.2.3.2. Voluntary
  • 5.2.4. By Region
    • 5.2.4.1. Northeast
    • 5.2.4.2. Midwest
    • 5.2.4.3. West
    • 5.2.4.4. South
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, (2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Energy Type
  • 5.3.2. By Capacity
  • 5.3.3. By End-use
  • 5.3.4. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. Constellation Energy Corporation
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Duke Energy Corporation
  • 10.3.3. 3 Phases Renewables Inc.
  • 10.3.4. NextEra Energy, Inc.
  • 10.3.5. American Electric Power Company, Inc.
  • 10.3.6. Callective Energy.
  • 10.3.7. NRG Energy, Inc.
  • 10.3.8. United Green Energy, Inc.
  • 10.3.9. WGL Energy Services, Inc.
  • 10.3.10. Enel North America Inc.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer