News and insights Blog Unleashing the market: an estimation of Guarantees of Origin potential

Unleashing the market: an estimation of Guarantees of Origin potential

How much additional renewable capacity can Guarantees of Origin (GOs) finance in the European Union? We explain.

Written by Tom Lindberg, Alex Ruelas, Hans Navarro, and Ivar Munch Clausen
Published on 02 June 2023
Written by Tom Lindberg, Alex Ruelas, Hans Navarro, and Ivar Munch Clausen
Published on 06 June 2023

In 2022, Guarantees of Origin (GOs) experienced a boom when prices rose from 1.7 EUR/MWh in January to an all-time high close to 10 EUR/MWh in late November. Then, the market stabilised. Demand remained high, and prices stayed well above historical levels. The GO market has reached a balance that has substantially increased its overall value.

This article argues that the revenue generated by Guarantees of Origin is not negligible and has the potential to funnel tens of billions of Euros to renewable electricity producers, significantly contributing to the EU’s clean electricity goals.

 In this report, we:

  • Forecast the expansion of GO issuance towards 2030 based on EU targets.
  • Calculate potential additional revenue for renewable energy producers generated by the GO market.
  • Transform GO revenue into additional renewable electricity capacity.
  • Explain how GO income can contribute to European renewable electricity targets.

To read the full report, please enter your information below and gain access to exclusive market insight.

Download the report

Do you want to know more about our product and services? Let’s have a chat.

Get in touch

Related Content

Renewable energy
Mastering Scope 2 emissions: market-based vs location-based accounting
02.06.2023
Biogas / Renewable energy
EKOenergy: how sustainable biomethane can combat energy poverty
02.06.2023
Renewable energy
Who issues Renewable Energy Certificates (RECs) in the US and Canada?
02.06.2023
Renewable energy
How Green-e® multiplies the impact of buying renewable energy
02.06.2023
Biogas
Understanding the biomethane market in Europe
02.06.2023
Renewable energy / Policy
Six renewable energy trends in 2024
02.06.2023