Feb 15 2011
Research and Markets, has declared the inclusion of a new report titled Renewable Energy Certificate (REC) - A Key Step for the Growth of Renewable Energy in India". The report is prepared by GlobalData.
According to the report, India is fast emerging as one of the leading renewable energy markets in the world. It considers that the growth has become possible due to the winsome type of policies formulated by the state as well as the central government and the support provided by the regulatory authorities for renewable energy investments. The country is planning to initiate further steps to make the Indian renewable energy market more lucrative. Recently, the National Action Plan for Climate Change (NAPCC) has suggested the introduction of a Renewable Energy Certificate (REC) system to encourage renewable energy investments and to deal with the issue of global of warming.
The REC system is expected to become functional by the first quarter of 2011 and it is anticipated to separate the normal power production with that of the renewable energy power production. The success of the REC program to a larger level rely on the Renewable Purchase Obligations (RPO) accepted by the states, the target level of such acceptance and pricing offered for the Renewable Energy Credits (REC).
The report is anticipated to enable the users to understand the factors that fuel the REC Market in India to assist them to formulate their own market strategies in tone with the market, to understand its implications on the shareholders of various REC markets, make various types of comparisons and place them in an advantageous position to understand the renewable energy market in India.