China traded 1.4 billion green certificates for solar in H1 2025

According to the latest data from the National Energy Administration (NEA), China issued a total of 278 million green electricity certificates (GECs) in June 2025, up 29.33% from May. These were issued to 198,700 renewable energy projects, including 6,994 solar PV projects and 11,078 wind power projects. From January to June, the NEA issued a cumulative 1.371 billion GECs, with 27,964 certificates for solar and 57,630 for wind.

On the trading side, 60.91 million GECs were transacted nationwide in June, including 23.64 million from solar and 29.27 million from wind. In total, 348 million GECs were traded in the first half of the year, including 144.58 million for solar and 176.21 million for wind.

Earlier this year, China’s NDRC, NEA, along with 4 other government departments, jointly issued guidelines to establish a high-quality GEC market and facilitate the rational pricing of GECs to reflect the environmental value of green electricity (see China Solar PV News Snippets).