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Renewable Energy Certificate Mechanism

Renewable Energy Certificate Mechanism. Central Agency National Load Despatch Centre Power System Operation Corporation Ltd. “Empowering Renewable Energy for a Greener India”. REC Portal Home Page | https://www.recregistryindia.nic.in. A First of Its kind Initiative in India!!.

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Renewable Energy Certificate Mechanism

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  1. Renewable Energy Certificate Mechanism Central Agency National Load Despatch Centre Power System Operation Corporation Ltd. “Empowering Renewable Energy for a Greener India”

  2. REC Portal Home Page | https://www.recregistryindia.nic.in A First of Its kind Initiative in India!! • Key Highlights:- • Transparent • Accessible pan India • User Friendly • Real Time Data on REC • Single Touch Point for information for RE Generators

  3. REC | Key Concept GREEN ATTRIBUTE Energy RENEWABLE ENERGY CERTIFICATE SOLAR CERTIFICATE NON-SOLAR CERTIFICATE ELECTRICITY Generation • Key Highlights:- • Provides commercial mechanism for promoting renewable Energy • Translates Government Policy to Action • Brings in Investment in the Renewable Sector • Platform for Environmentally concious Individuals and Corporates to Contribute

  4. 13% of India’s total grid interactive capacity (MW) registered 20,664 RECs purchased by them 39 Projects of 110 MW capacity Accredited

  5. MERC has notified Maharashtra Energy Development Agency (MEDA) as State nodal Agency for REC Mechanism Out of total 763(3894 MW) projects accredited 318 projects (876 MW) accredited by MEDA

  6. Role Model Model Mechanism for Developing Countries Policy Goals Furthering Goals of National Action Plan on Climate Change Capability Enhancement Capacity building of Stakeholders through workshops One India Eliminating Geographical Disparities Risk Management Reduces risks for local distribution licensee selling RE

  7. Details of Solar PV Projects Registered :REC issued and Redeemed

  8. Thank You

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