Resource detail

Sales of renewable energy certificates declined over 22 per cent to 1.25 crore units this fiscal on IEX and PXIL as compared to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to official data. In March 2019, sales of RECs or green certificates declined by over 51 per cent to 11.78 lakh from 24.26 lakh in the same month in 2018. The data shows that in 2018-19, the RECs sales dropped 4 per cent to 89.55 lakh as against 93.29 lakh in the previous fiscal, largely due to the lower REC inventory.