India boosts renewables market with REC scheme
India has followed many US states’ example with the introduction of Renewable Energy Certificates (RECs) this month.
The credits have been launched by India's federal electricity regulator, the Central Electricity Regulatory Commission (CERC) to help boost power generation from water, wind and other clean energy sources.
It is hoped that this incentive will create a national level market for buying and selling such certificates and address the uneven spread of renewable energy sources across the country. A utility or power producer that exceeds its renewable energy target will be able to sell their surplus
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