I-REC Certificate Prices
Brazil and Global Market - Complete Analysis 2024-2025
Last update: February 2026
Disparidade de Preços Globais
Comparativo de Preços I-REC por País (USD/MWh)
Visualização em Barras
Por País
Brasil
0.18
China
0.85
Índia
0.82
Colômbia
1.1
Chile
2.7
México
4.6
Malásia
5.55
Singapura
75
📊 EXECUTIVE SUMMARY
Global Volume
45.1 TWh
+40% YoY
Brazil - Hydro Price
$0.18/MWh
Cheapest in the world
Singapore - Solar Price
$75/MWh
Most expensive in the world
Difference
416x
Between extreme markets
🇧🇷 Brazilian Market - Global Leader
| Technology | Price (USD/MWh) | Vintage | Date |
|---|---|---|---|
| Hidro | $0.16 - $0.18 | 2023-2024 | Fev 2025 |
| Eólica | $0.19 - $0.24 | 2024-2025 | Fev 2025 |
| Solar | $0.19 - $0.236 | 2024-2025 | Fev 2025 |
📉 Why so low?
- • Massive oversupply (hydropower)
- • 89% of Brazilian energy is already renewable
📈 Trends
- • CCEE platform attracts new buyers
- • ESG demand growth
🌍 Asia-Pacific - Highlights
| Country | Price (USD/MWh) | Observation |
|---|---|---|
| China | $0.70 - $0.95 | ⚠️ Saiu do I-REC (31/03/25) |
| Índia | $0.79 - $0.86 | ⬆️ Demanda crescendo |
| Malásia | $5.55 | ↗️ Em desenvolvimento |
| Singapura | $75.00 | ⬆️ Premium por escassez |
🌎 Latin America - Regional Market
| Country | Tech | Price (USD/MWh) | Trend |
|---|---|---|---|
| Brasil | Hidro | $0.16 - $0.18 | ↔️ Estável |
| México | Eólica | $4.30 - $5.05 | ⬆️ +187% |
| Chile | Eólica/Solar | $2.40 - $3.00 | ↗️ Crescendo |
| Colômbia | Hidro | $1.05 - $1.15 | ↗️ Crescendo |
📈 2030 Projection
The global I-REC market is expected to reach between 800 and 1,000 TWh by 2030, driven by RE100 multinational targets.
Estimated Value$66B
CAGR28%
Main Drivers
RE100 PoliciesAlto
Solar/Wind ScarcityMédio
Quality StandardsAlto
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