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The REC Mechanism: Viability of Solar Projects in India

Sources:

Bridge to India

Date:

1 March 2013

This report reviews India’s solar renewable energy certificate (REC) market by identifying the events that lead to its creation and how it exists among other REC markets. Several solar REC market business models are explored, as is the state of compliance to India’s Renewable Purchase Obligation. The authors suggest ways to move towards a more successful market.