Central Electricity Regulatory Commission(CERC) has extended the validity of Renewable Energy Certificates(REC) to 2 years (730 days). The commission issued these guidelines after hearing the petitions from stakeholders on the subject(More details about the invitation for comments can be found here).
This should provide huge relief to all renewable energy generators, who rely on the REC mechanism. The CERC order is available here.
(For an overview and challenges faced by the RPO/REC mechanism, please click here for a presentation).
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