RECs Drive India’s Renewable Energy Sector

BY VARUN MITTAL, Solar Novus:

Renewable Energy Certificates are a financial mechanism instituted in many areas around the globe as an attempt to address the mismatch between the availability of renewable energy sources in some areas and the requirement for renewable energy standards.

In India, renewable energy certificate (REC) trading is playing a role in meeting renewable purchase obligations (RPOs). Being such a vast land area, parts of India have much more sunshine and wind than others, therefore, some areas are not prime targets for power generation from solar or wind… Read more

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