Validity of Renewable Energy Certificates

The Renewable Energy Certificate regime came into effect last year, it was expected that the proceeds from selling the certificates to those obligated to buy green power would form a meaningful stream of income to wind, biomass and solar energy producers. However the trading in the last few months has belied the faith. In the trading session of December, 19 lakh RECs were available, of which less than 3 lakh were traded. The Central Electricity Regulatory Commission recently took note of the

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