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Can The Latest Verdict of SC Provide The Necessary Push To REC Market in India?

A Supreme Court order last week has come as a major boost for compulsory purchase of renewable energy even though it is unlikely to increase the power costs for an industry dependent on captive power generation. 

Source: Business Standard

SNP Insights

Considering the huge captive power gerneration base of over 40 GW and impetus on open access consumers, the market potential for Renewable Energy Certificates (REC) in India is big. WIth the landmark verdict of the honbl'e Supereme Court the stay orders of respective State High Courts go null and void which might see a significant decline in unsold RECs which are of tune INR 23 billion.