Much needed boost for RE sector

 The SC order provides clarity on applicability of RPO on captive entities that they have to procure green power or RECs becomes certain. The SERCs can now impose stricter RPO compliance measures as per their regulations.       With the reduction in the floor prices of the solar RECs and the huge availability of non-solar RECs that can sustain the market price to remain at floor price value for a considerable length of time, the obligated entities should have no more reasons to refrain from quarterly RPO compliance and participation in REC trading sessions.
– Sougata Chatterjee, Dy. Manager (B.D), Manikaran Power Ltd

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Much needed boost for RE sector

 The SC order provides clarity on applicability of RPO on captive entities that they have to procure green power or RECs becomes certain. The SERCs can now impose stricter RPO compliance measures as per their regulations.       With the reduction in the floor prices of the solar RECs and the huge availability of non-solar RECs that can sustain the market price to remain at floor price value for a considerable length of time, the obligated entities should have no more reasons to refrain from quarterly RPO compliance and participation in REC trading sessions.
– Sougata Chatterjee, Dy. Manager (B.D), Manikaran Power Ltd

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