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Renewable Energy Certificate Mechanism
Central Agency National Load Despatch Centre Power System Operation Corporation Ltd. “Empowering Renewable Energy for a Greener India”
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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
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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
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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
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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
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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
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Details of Solar PV Projects Registered :REC issued and Redeemed
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Thank You
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