Renewable Energy Certificates: What, Why & How?
What is a REC? The renewable energy certificate (REC) incentivizes renewable energy producers (RE). India took this initiative to develop the RE market over a decade ago. Pan-India market-based Renewable Energy Certificate (REC) Mechanism was introduced in the year 2010 under the Electricity Act 2003 (“EA 2003“) and the National Tariff Policy 2006 (“Tariff Policy […]