I-RECs in Chile
Chile issued 25.1 million I-RECs in 2024, the 4th largest I-REC market in the world and the 2nd in Latin America. Here is the market at a glance and how to buy Chile I-RECs with Moendi.
The market
The I-REC market in Chile
Chile offers large, stable volumes with one of the most balanced generation mixes in the region, from long-established hydro to recently built solar, including small distributed solar plants (PMGD, up to 9 MW). It is a strong choice when you need reliable supply and want to match certificates to a specific technology.
- Local issuer: SCX (Santiago Climate Exchange).
- Registry: Evident, under the I-REC(E) Standard.
- Technologies: hydro (49.8%), wind (23.6%), solar (23.2%), solar PMGD (3.4%).
- Supply: 240 active devices and 11,078.3 MW of installed capacity.
Buying I-RECs in Chile?
- Choose technology, vintage or plant
- Redeemed in your company's name
- Official, verifiable redemption statement
Key figures, vintage 2024
Chile in numbers
| Metric | 2024 | Change |
|---|---|---|
| I-RECs issued | 25,125,466 MWh | +5.5% vs 2023 |
| I-RECs redeemed | 17,209,660 MWh | +7.8% vs 2023 |
| Worldwide rank | 4th | |
| Latin America rank | 2nd | |
| Active installed capacity | 11,078.3 MW | |
| Active registered devices | 240 | |
| Average commercial operation date | February 2005 |
Generation mix of I-RECs issued
| Technology | Share | Chart |
|---|---|---|
| Hydro | 49.8% | |
| Wind | 23.6% | |
| Solar | 23.2% | |
| Solar PMGD | 3.4% |
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 Chile 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 Chile 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 Chile?
I-RECs in Chile are issued by SCX (Santiago Climate Exchange), 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 Chile issue?
Chile issued 25,125,466 MWh of I-RECs for vintage 2024 (+5.5% vs 2023), making it the 4th largest I-REC market in the world and the 2nd in Latin America.
Which technologies are available in Chile?
The 2024 issuance mix was hydro (49.8%), wind (23.6%), solar (23.2%), solar PMGD (3.4%). You can request I-RECs from a specific technology, vintage or plant.
Can I use Chile I-RECs for RE100 and CDP?
Yes. I-RECs from Chile are accepted by RE100 and in CDP reporting to cover electricity consumed in Chile. Under the GHG Protocol market-based method, they reduce your Scope 2 emissions.
How do I buy I-RECs from Chile?
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 Chile
Ready to buy I-RECs from Chile?
Tell us your volume and technology. We will prepare a quote.
Request a quote