I-RECs gaining traction but challenges remain

13 March 2023 | BRIDGE TO INDIA

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I-RECs gaining traction but challenges remain

/ by BRIDGE TO INDIA

International Renewable Energy Certificates (I-RECs) are becoming more popular in India. In 2022, new projects aggregating 1 GW capacity were registered under the scheme outpacing registrations under the Indian REC scheme for the second year in a row. Aggregate registered capacity has now touched 3.7 GW, split between solar, wind and hydro power at 1.3:1.3:1.1 GW respectively. Annual issuance...

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