While this is a start, we believe that the momentum in the Solar REC market is too little to make any impact on the Solar RPO requirements. This was also covered in a recent article on the topic titled “Inadequate capacity clouds solar power renewable purchase obligations“. The article notes that:
According to industry sources, India will barely have the desired solar power installations by March but it would be too late for the distribution companies to procure solar power to meet the entire year’s obligation.
“The policy framework for solar power in most states is vague. We are finding the centre’s vision to fix solar specific RPO at 0.25% by 2013 and 3% by 2022 unviable in present circumstances,” said an official with one of the state utilities in western India. In Gujarat, private electricity distribution company Torrent Power has already approached the Gujarat Electricity Regulatory Commission with a request to reduce its RPO.
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