REC - Renewable Energy Certificate

REC & How it works?

Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of Renewable purchase obligations (RPO)
Places an obligation on electricity supply companies to produce/consume a specified fraction of their electricity consumption from renewable energy sources
REC mechanism is aimed at addressing the mismatch between availability of RE resources in state and the requirement of the obligated entities to meet the renewable purchase obligation (RPO)
Solar RECs are issued to eligible entities for generation of electricity based on solar as renewable energy source.
REC would be exchanged only in the CERC approved power exchanges IEX and PXIL
Floor Price varies between Rs 9.30 to Rs. 13.40 per unit

Scope of REC & RPOs

RPO Status: - FY 2007 - 08

State	RPO Target	RPO Met
Maharashtra	4%	3%
Gujarat	2%	2%
Karnataka	10%	11.5%
Tamil Nadu	10%	11%
Punjab	1%	0.74%
Haryana	4%	0%
Madhya Pradesh	10%	0.07%

There is a Huge scope for REC trading in coming years

REC Price on IEX Power Exchange

Comments

Know the difference between Perc, TOPCon and Heterojunction technology (HJT)....

Solar panel manufacturing technology has come a long way over the years & there have been significant advancements recently with the introduction of mono PERC, Topcon and mainly Heterojunction technology (HJT) technology. These new technologies have led to improvements in solar module efficiency, durability and overall high performance so making them a more viable and cost-effective option for solar PV power generation. Colleagues, Let us know each solar PV module technology and understand the differences. 👉💥About PERC Technology : PERC stands for Passivated Emitter & Rear Cell. The PERC solar cell has a presence of a passivation layer at the back side of the cell which helps to minimize recombination losses and increase light absorption. The key role of the rear-side passivation layer is to reflect light that passes through the silicon cell without being absorbed back into the silicon. By reflecting this light, the passivation layer gives the solar cell seco...

Lobel Solar Fencing Machine / ZATKA MACHINE / An Electric Security Fence / 9327007854

DESCRIPTION OF SECURITY FENCING AND ITS WORKING IN GENERAL Lobel Security Fencing is the modern day’s alternative to the conventional type of perimeter protection. These are active fences and punish the unwelcome intruder the moment they touches the fence or try to tamper the fence. The conventional types of fences are only passive fences and cannot resist the intruder if they try to forcibly intrude into the protected area. The Security Fence gives a sharp, short but a safe shock and creates psychological fear. Against any tampering the alarm incorporated in the system gets activated and alerts the inmates of the protected area, which facilitates them to counter the unwelcome intruders. The Security Fence is scientific fence and works on Energy with backup facility to run uninterruptedly during the nights as well as cloudy days. The whole system can be derived into two segments, one is the Basic system with CS 250 Unit (Without keypad) and the other one is the Fenc...

From solar to pump hydro storage - Budget 2024 is for India’s energy transformation.

Lobelsolar - Energy transition remain a key focus area for the government with solar, nuclear and pump hydro storage getting a policy push with industry experts saying it will provide a major fillip to the capacity addition in the renewables sector. Finance Minister Nirmala Sitharaman said that PM Surya Ghar Muft Bijli Yojana launched in January this year to install rooftop solar plants to enable 1 crore households obtain free electricity up to 300 units every month has received an overwhelming response with more than 1.28 crore registrations and 14 lakh applications. Details showed that the government allocated Rs 8,500.35 crore to solar power (grid), showing a rise of nearly 79% against the revised estimates of the Budget 2023-2024. With an objective to further boost the renewable sector, the government in Union Budget 2024 allocated Rs 19,100 crore to the Ministry of New and Renewable Energy against Rs 12,850 crore allocated in the Interim Budget in February. The revised esti...

Lobel Solar Power System

Search This Blog