India wind, solar current-year I-REC prices hit all-time low due to oversupply

Prices for India’s current-year International Renewable Energy Certificates, or I-RECs, for wind and solar technologies hit an all-time low on Sept. 12, driven by significant oversupply as unconsumed certificates continue to flood the market, with demand lagging far behind. As of the latest data, unredeemed I-RECs total 10.6 million certificates, including 1.96 million for vintage 2024 and 4.04 million for…Prices for India’s current-year International Renewable Energy Certificates, or I-RECs, for wind and solar technologies hit an all-time low on Sept. 12, driven by significant oversupply as unconsumed certificates continue to flood the market, with demand lagging far behind. As of the latest data, unredeemed I-RECs total 10.6 million certificates, including 1.96 million for vintage 2024 and 4.04 million for…  Read More