By virtue of this not only does the energy get fed into the grid, the accompanying REC can now also be sold on the open market as certificate component. As the profit realized from sale of such certificates goes directly to the green energy company, it can use the additional revenue to fund better and more advanced ways of collecting renewable energy. The buyer of the REC only receives the certificate for offsetting its requirement of own consumption’s renewable purchase obligation (“RPO”) management.
These certificates can be traded in open market using existing power exchange platform, allowing the current owner of the certificate to claim they have purchased renewable energy credits for own consumption. Not only does the energy get fed into the grid, the accompanying REC can now be sold on the open market. As the profit goes directly to the green energy company, it can use the money to fund better and more advanced ways of collecting renewable energy. The buyer of the REC only receives the certificate.
As projected Renewable Energy Certificates, backed by government regulations, will incentivize the market into buying from these sources. It can also inflate the value of solar and wind power, making it far more profitable than fossil fuels or coal for new and existing investors. By tipping the playing field, it can ultimately make corporations and individuals alike purchase them in order to increase their profits, as well as invest in new innovations to help maximize their overall renewable energy yield.
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Shivshakti Urja is an Energy Management Company, founded on the principle of improving energy conservation and maximizing its subsequent impact. Through our services, we strive to benefit our environment. Conceptually, the need of facilitators in energy segment planted the seed for what has now grown into a requirement of integrated renewable energy services in the Energy Market today.
With enormous opportunities of increased scope and scale within Renewable energy generation segment, our operational excellence as well as strong customer service and reliability will cater to the much awaited demand of grass root techno-commercial consultancy approach. SSUPL provides unique services to all investors, project developers in the realization of optimum benefit from their existing/new renewable energy based projects across India.