Renewable Energy Certificates


The Renewable Energy Certificate (REC) scheme has been plagued by lax Renewable Purchase Obligation (RPO) compliance, frequent changes in regulations and recurring legal disputes. Total capacity registered under the scheme stands at only 4,526 MW, just 4% of total renewable power generation capacity.

This report covers current status of the REC scheme – registered capacity, issuance and trading pattern – as well as analysis of required changes to make it an integral element of decarbonisation roadmap.


Recent reports

A business case for renewable energy certificates for Indian companies to meet RE 100 targets

C&I consumers account for 53% of power consumption but only 6% of this requirement is met from direct procurement of renewable power. In face of m...

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A business case for rationalisation of Green Tariffs in India

Only about 6% of total C&I demand is met from direct procurement of renewable power. In face of multiple challenges faced by established routes li...

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India Corporate Renewable Brief | Q3 2022   

Our latest edition of quarterly report provides a detailed regular update on key trends and developments in the C&I renewable market....

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India PV Module Intelligence Brief | Q3 2022   

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technol...

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India Solar Compass | Q3 2022   

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and po...

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