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Transcript of Renewable Energy Certificate Mechanism Central Agency National Load Despatch Centre Power System...
Renewable Energy Certificate Mechanism
Renewable Energy Certificate Mechanism
Central Agency
National Load Despatch CentrePower System Operation Corporation
Ltd.
“Empowering Renewable Energy for a Greener India”
REC Portal Home Page | https://www.recregistryindia.nic.in
Key Highlights:-•Transparent•Accessible pan India•User Friendly•Real Time Data on REC•Single Touch Point for information for RE Generators
Key Highlights:-•Transparent•Accessible pan India•User Friendly•Real Time Data on REC•Single Touch Point for information for RE Generators
A First of Its kind Initiative in India!!A First of Its kind Initiative in India!!
GREEN ATTRIBUTE
GREEN ATTRIBUTE
ELECTRICITYELECTRICITY
RENEWABLE ENERGY
CERTIFICATE
SOLAR CERTIFICATE
NON-SOLAR CERTIFICATE
REC | Key Concept
Energy
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
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
39 Projects of 110 MW capacity Accredited
13% of India’s total grid interactive capacity (MW) registered
20,664 RECs purchased by them
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
Model Mechanism
for Developing Countries
Furthering Goals of National
Action Plan on
Climate Change
Capacity building of
Stakeholders through
workshops
Eliminating Geographical
Disparities
One India
Capability Enhancement
Policy Goals
Role Model
Reduces risks for local
distribution licensee selling
RE
Risk Management
Details of Solar PV Projects Registered :REC issued and Redeemed
Thank You