Sales of renewable energy certificates (RECs) jumped about 58 per cent to 17.45 lakh in the first half of this fiscal, indicating increasing compliance of renewable purchase obligations (RPOs).
Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions.
The quantum jump in sale of RECs at 17.45 lakh in April-September period compared to 11.05 lakh in the same period last fiscal clearly indicates the increase in compliance by utilities and other consumers.
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