Page 304 - Low Carbon Development in China and India

Table 2.9: Accredited Renewable Energy Source Break Up Under REC (% of total capacity)

Renewable energy source Capacity (% share of total)

Wind 49.18

Urban or municipal waste 0.16

Solar thermal 0.05

Solar PV 11.81

Small hydro 6.37

Others 0.03

Biomass 13.92

Bio-fuel cogeneration 18.46

Total 100

Source: Renewable Energy Certificate Registry of India (2015); Data as on May 5, 2015

According to the Renewable Energy Certificate Registry of India, the
total signed up RE generators till now is 2,672 (Renewable Energy
Certificate Registry of India 2015). The REC market summary for the
year 2015 until now is depicted in Table 2.10. It is seen that there is a
gap between RECs issued and RECs redeemed.

Table 2.10: Renewable Energy Certificate (REC) Market Summary for 2015

Month, Year Opening REC issued REC redeemed Closing 3.2
balance balance

May, 2014 6,968,438 568,843 31,375 7,505,906

June, 2014 7,505,906 471,982 141,108 7,836,780

Jul, 2014 7,836,780 1,485,060 38,442 9,283,398

Aug, 2014 9,283,398 702,700 51,844 9,934,254

Sep, 2014 9,934,254 859,795 49,013 10,745,036

Oct, 2014 10,745,036 1,074,046 94,381 11,724,701

Nov, 2014 11,724,701 731,207 222,619 12,233,289

Dec, 2014 12,233,289 1,087,197 398,182 12,922,304

Jan, 2015 12,922,304 411,590 615,234 12,718,660

Feb, 2015 12,718,660 593,085 850,103 12,461,642

Mar, 2015 12,461,642 453,091 737,510 12,177,223

Apr, 2015 12,177,223 810,257 72,697 12,914,783

Total – 22,651,840 9,737,057 –

Source: Renewable Energy Certificate Registry of India (2015); Data as on May 5, 2015

Chapter 2 Innovative Financing for Low Carbon Development 269