This　study　employs　a　quantile-based　approach　to　investigate　the　interconnectedness　among　renewable　energy　tokens,　fossil　fuels,　and　conventional　renewable　energy　markets.　The　objective　is　to　explore　the　dependence　nexus　under　various　market　conditions,　including　the　COVID-19　pandemic,　cryptocurrency　bubble,　and　Russia-Ukraine　conflict.　Findings　reveal　(i)　spillovers　among　renewable　energy　tokens,　fossil　fuels,　and　conventional　renewable　energy　markets　are　time-varying,　intensifying　during　turbulent　periods;　(ii)　the　renewable　energy　tokens　are　weakly　connected　with　the　energy　markets　at　the　mean　and　median　quantiles;　(iii)　at　extreme　quantiles,　conventional　renewable　energy　markets　dominate　the　fossil　fuels　and　renewable　energy　token　markets,　with　spillovers　from　the　latter　to　the　fossil　fuels.　This　suggests　fossil　fuel　markets　gradually　lose　dominance　as　clean　energy　markets　advance.　This　research　discloses　the　real　landscape　of　financial　spillover　effects　of　energy　markets,　providing　valuable　insights　for　investors　and　policymakers　in　managing　risk　exposure　and　avoiding　unexpected　losses.　©　2024　Elsevier　B.V.