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I-RECs in Brazil
Brazil issued 62.8 million I-RECs in 2024, the 1st largest I-REC market in the world and the 1st in Latin America. Here is the market at a glance and how to buy Brazil I-RECs with Moendi.
The market
The I-REC market in Brazil
Brazil overtook China in 2024 to become the world's largest I-REC issuer. It is the market to look at for large, cost-effective volumes, with a broad mix of hydro and wind and a growing number of new solar projects.
- Local issuer: Instituto Totum.
- Registry: Evident, under the I-REC(E) Standard.
- Technologies: hydro (54.7%), wind (34.7%), solar (8.3%), biomass (2.1%), biogas (0.1%).
- Supply: 496 active devices and 59,677.1 MW of installed capacity.
Buying I-RECs in Brazil?
- Choose technology, vintage or plant
- Redeemed in your company's name
- Official, verifiable redemption statement
Key figures, vintage 2024
Brazil in numbers
| Metric | 2024 | Change |
|---|---|---|
| I-RECs issued | 62,750,609 MWh | +22.4% vs 2023 |
| I-RECs redeemed | 58,248,827 MWh | +31.2% vs 2023 |
| Worldwide rank | 1st | |
| Latin America rank | 1st | |
| Active installed capacity | 59,677.1 MW | |
| Active registered devices | 496 | |
| Average commercial operation date | April 2001 |
Generation mix of I-RECs issued
| Technology | Share | Chart |
|---|---|---|
| Hydro | 54.7% | |
| Wind | 34.7% | |
| Solar | 8.3% | |
| Biomass | 2.1% | |
| Biogas | 0.1% |
Sources: Evident Device Register and the 2025 I-REC(E) Market Statistics from The International Tracking Standard Foundation. Analysis by Moendi.
How it works
Buying I-RECs from Brazil with Moendi
- Tell us what you needYour consumption, reporting period and any technology or vintage preference.
- We source and quoteWe find the right I-RECs from Brazil and send you a clear offer.
- Redeemed in your nameWe redeem the certificates for your company and send you the official statement.
FAQ
Frequently asked questions
Who issues I-RECs in Brazil?
I-RECs in Brazil are issued by Instituto Totum, under the I-REC(E) Standard of The International Tracking Standard Foundation. All certificates are tracked in the Evident registry.
How many I-RECs does Brazil issue?
Brazil issued 62,750,609 MWh of I-RECs for vintage 2024 (+22.4% vs 2023), making it the 1st largest I-REC market in the world and the 1st in Latin America.
Which technologies are available in Brazil?
The 2024 issuance mix was hydro (54.7%), wind (34.7%), solar (8.3%), biomass (2.1%), biogas (0.1%). You can request I-RECs from a specific technology, vintage or plant.
Can I use Brazil I-RECs for RE100 and CDP?
Yes. I-RECs from Brazil are accepted by RE100 and in CDP reporting to cover electricity consumed in Brazil. Under the GHG Protocol market-based method, they reduce your Scope 2 emissions.
How do I buy I-RECs from Brazil?
Tell us your consumption, reporting period and preferred technology. Moendi sources the certificates, redeems them in your company's name and sends you the official redemption statement. Request a quote.
Market reports
More about Brazil
Ready to buy I-RECs from Brazil?
Tell us your volume and technology. We will prepare a quote.
Request a quote