Booming solar energy market in India

Indian Renewable Energy sector is rapidly growing with the share of total capacity rising from 2% in 2003 to around 10% in 2010. Total installed power generation capacity of Renewable Energy in India is around 18 GW (Ministry of Power). Out of that Wind Energy30

Renewable Purchase Obligations for the State of Maharashtra

Every Obligated Entity should have met its Renewable Purchase Obligations (RPO) target by their own generation or procurement of power from Renewable Energy generator or by the way of Renewable Energy Certificate or by the combination of all.   Obligated entities Grid connected captive Power30

REC Procedures

Pricing of the Renewable Energy Certificates

Each Renewable Energy Certificate (REC) issued shall represent 1 MWh of electricity generated from renewable energy source and injected into the grid. The price of Certificate shall be discovered in the Power Exchange. In between Central Electricity Regulatory Commission will provide information for the floor30

REC Application and Issuance procedures

There is standard procedure from the accreditation to the issuance of REC’s. Trading would be supported by the exclusively assigned Power Exchanges.  Every RE generating entity requires to apply for the accreditation. Next step is application for the registration as an ‘eligible entity’. The certificate30

Renewable Energy Certificates: India

An introduction to Renewable Energy Certificate (REC) mechanism National Action Plan on Climate Change (NAPCC) and EA (Energy Act)-2003  provide a roadmap for increasing the share of renewable energy generation capacity in India (Read complete story). To achieve the target set by the EA-2003 and NAPCC,30

Indian Electricity Scenario

The energy sector holds the key in accelerating the economic growth of India. The energy demands for developing country like India keep on continuously growing. Energy is a driving force behind rapid economic growth of the country. India ranks sixth in the world in total30

Eight missions under the National Action Plan on Climate Change

NAPCC triggered the REC Mechanism in India

As per the IPCC fourth assessment report on climate change, situation is getting worst as time moving ahead.  Through the direct observations of changes in temperature, sea level and snow cover in the northern hemisphere during 1850 to the present, it can be concluded that30