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 Power plant with minimum installed capacity of 1 MW and above Entity with demand of minimum 1 MVA and who  consumes electricity procured from conventional fossil fuel based  generation through open access sources Notes: These obligations40

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 floor price and forbearance price. REC’s price range (Minimum and maximum) would be fixed separately for solar and non-solar Certificates. Following factors are considered to fix the price range; 1. Variation in cost of generation of40

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 certificate for registration to the concerned applicant (as ‘Eligible Entity’) confirming its entitlement to receive Renewable Energy Certificates. Further procedure followed by ‘Issuance’ and then ‘Redemption’ (i.e. trading of the REC’s on the platform of ‘Power40

Afforestation and Reforestation (A/R) CDM projects

Forest is a sink of carbon. Immense potential of carbon mitigation through the carbon sequestration process, Land Use and Land Use Change (LULUCF) projects are globally introduced. On 11 December 1997 The Kyoto Protocol was adopted in Kyoto, Japan, and entered into force on 16 February 2005. The CDM was introduced to implement carbon reduction and sink projects under the Kyoto Protocol.  As a result, Afforestation and Reforestation (A/R) CDM projects are coming to generate forestry carbon credits. In addition to projects40

Statewise registered CDM project in India

CDM Projects statistics

(Note: CDM Projects status as on  April 2011) The CDM is dynamic mechanism introduced by the Kyoto Protocol, allows a country with GHG emission reduction commitment or targets to implement GHG emission reduction/sink project in developing countries. Such projects can earn saleable and tradable Certified Emission Reduction (CER) popularly known as Carbon Credits. Each CER is equivalent to one tonne of CO2. Since the CDM globally introduced, many carbon reduction and carbon sink projects have been registered. Following table gives the quantitative information40

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, India launched REC mechanism on 18th Nov 2010.  The Regulatory framework for REC mechanism has been notified by CERC and the REC mechanism is being supported by MNRE and the Ministry of Power. REC mechanism40

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 total energy consumption. It is first requirement of energy to accelerate the development of the sector to meet its growth aspirations. The pattern of energy production put coal and oil again on top.  These account for40

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 that the warming of the Earth’s climate system is real.  Global energy consumption has also considerable contribution to the GHG emission. Burning of fuel into the power station, Industrial uses and vehicles alone contributes great share40