REC validity extended to 730 days only, the issue only gets worse

Going against the requirements and needs of the market, CERC has only extended the validity by just 1 year or 365 days. CERC has also expressed inability to enforce RECs.

This will only create an antagonistic situation where the glut will increase without actually making a green impact.

Natgrp: Ideally non-solar RECs shouldn’t be provided to those who have already availed off accelerated depreciation for their units thus reducing the market to those who are serious about RE as their business model. This will hopefully address the current imbalance to a certain degree.

You can read the order here

About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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One Response to REC validity extended to 730 days only, the issue only gets worse

  1. Pingback: Draft CERC T&C for Renewable Energy Certificates (Second Amendment) Regulations, 2013 – suggestions latest by 25th April 2013 | Natural Group

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