Renewable Energy Certificate Mechanism

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Presentation transcript:

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!! Key Highlights:- Transparent Accessible pan India User Friendly Real Time Data on REC Single Touch Point for information for RE Generators

REC | Key Concept Energy Generation GREEN ATTRIBUTE 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

Achievements Creation of Pan India Market for RECs Translating Govt. Policy to Action Participation from 18 States Gives impetus to Solar Energy 4 Million Hits so far Sensitised voluntary buyers 13% of India’s total grid interactive capacity (MW) registered 20,664 RECs purchased by them 39 Projects of 110 MW capacity Accredited

Helps Maharashtra Fulfill its RPO Promotes Clean Energy in Maharashtra Spotlighting Maharashtra Maharashtra Energy Development Agency (MEDA) – State Nodal Agency Helps Maharashtra Fulfill its RPO Promotes Clean Energy in Maharashtra 318 projects accredited by MEDA Impetus to Investment in Renewables 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 Role Model Policy Goals Model Mechanism for Developing Countries 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

Details of Solar PV Projects Registered :REC issued and Redeemed

Thank You