The southern Indian state Tamil Nadu has put out calls on 1 gigawatt (GW) of new solar capacity in 2013, as part of the state’s goal of reaching 3 GW by 2015. The local government plans to reach its goal from Renewable Energy Certificates (REC), rooftop installations, and utility style projects.
However, there is some concern about REC’s ability to help the state reach its solar energy goals:
“The REC mechanism is now officially a failure,” Ritesh Pothan from Natural Group, a renewable energy advisory organisation, told PV-Tech.
In a report last year, Pothan noted that because RECs are only valid for one year, they are not bankable and therefore investors remain wary and are less inclined to invest.
Successful bids will have 10 months to put the new solar energy on-line, along with providing proof of purchase of the land to complete the projects.
A University of Winnipeg graduate who received a three year B.A. with a combined major in Economics and Rhetoric, Writing & Communications. Currently attempting to be a freelance social media coordinator. My eventual goal is to be a clean tech policy analyst down the road while I sharpen my skills as a renewable energy writer. Currently working on a book on clean tech and how to relate it to a broader audience. You can follow me on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com