During the financial year 2024, around 13.85 millions Renewable Energy Certificates (REC) were transacted on power exchanges in India. The South Asian country is the third-largest producer as well as consumer of electricity in the world, with a national electric grid of more than 400 gigawatts of installed generation capacity.
Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024
(in 1,000s)
Characteristic
Number of certificates in thousands
FY 2024
13,853
FY 2023
8,250
FY 2022*
8,460
FY 2021*
921
FY 2020
8,928
FY 2019
12,600
FY 2018
16,200
FY 2017
6,488
FY 2016
4,955
FY 2015
3,062
FY 2014
2,749
FY 2013
2,590
FY 2012
1,015
02,5005,0007,50010,00012,50015,00017,50020,000
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* As per Honorable APTEL Order trading sessions of RECs at both the Power Exchanges were suspended from July 2020 to October 2021 and resumed from November 2021 as per Honorable APTEL Order dated 09/11/2021.
India's financial year begins in April and ends in March.
Citation formats
Madhumitha Jaganmohan
Research expert covering climate and environmental sustainability
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CERC (India). (October 30, 2024). Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024 (in 1,000s) [Graph]. In Statista. Retrieved April 18, 2025, from https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/
CERC (India). "Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024 (in 1,000s)." Chart. October 30, 2024. Statista. Accessed April 18, 2025. https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/
CERC (India). (2024). Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024 (in 1,000s). Statista. Statista Inc.. Accessed: April 18, 2025. https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/
CERC (India). "Number of Renewable Energy Certificates (Rec) Transacted on Power Exchanges in India from Financial Year 2012 to 2024 (in 1,000s)." Statista, Statista Inc., 30 Oct 2024, https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/
CERC (India), Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024 (in 1,000s) Statista, https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/ (last visited April 18, 2025)
Number of Renewable Energy Certificates (REC) transacted on power exchanges in India from financial year 2012 to 2024 (in 1,000s) [Graph], CERC (India), October 30, 2024. [Online]. Available: https://www.statista.com/statistics/808573/india-renewable-energy-certificates-transacted-on-power-exchanges/
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