I-REC Report 2023: Market Trends & Key Insights

In 2023, the I-REC market continued its strong growth, driven by expanding ESG regulations and increasing corporate participation in renewable energy procurement. Redemption volumes reached record highs, reflecting a steady shift from large corporations to a broader mix of organizations. This report provides a detailed look at redemption trends, country-level developments, and the evolving role of renewable technologies in the I-REC system.
What’s Inside
Annual and quarterly I-REC redemption trends - volume growth, frequency patterns, and corporate adoption
Country-level analysis - which countries are leading in I-REC redemptions?
Technology insights - breakdown of I-REC redemptions by energy source (hydro, wind, solar, etc.)
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