As Panchabuta had reported, trading of Renewable Energy Certificates (REC) commenced from Wednesday 23rd of February, 2011, in the Indian Energy Exchange. The Power Exchange India Ltd (PXIL) had mentioned that they will start trading in Renewable Energy Certificates (RECs) from March 30.
The first trading session of renewable energy receipts (REC) on March 30, witnessed a total of 424 non-solar RECs traded on two power exchanges.
According to reports, a biomass project based in Tamil Nadu has been accredited under the Renewable Energy Certificate scheme. The 18 MW project is being developed by Auro Mira Energy Company Private Limited. This is the first biomass-based project from the state.
Earlier, two projects, both wind energy-based, were accredited by the Tamil Nadu state nodal agency. The project owned by TVS Energy Limited is on significant capacity.