Delhi Proposes Draft RPO Rules and REC Framework

14 Jun 2024 CW Team

Delhi has introduced draft regulations aimed at bolstering its Renewable Purchase Obligations (RPO) and Renewable Energy Certificates (REC) framework, marking a significant move towards enhancing renewable energy adoption in the capital city. The proposed rules are designed to strengthen compliance mechanisms and promote greater integration of renewable energy sources into Delhi's energy mix.

Under the draft regulations, electricity distribution companies (DISCOMs) and large consumers will be mandated to fulfil a specified percentage of their energy requirements through renewable sources. This initiative is expected to drive investment in clean energy projects and reduce dependence on conventional fossil fuels, aligning with Delhi's commitment to sustainability and environmental conservation.

Additionally, the framework outlines guidelines for trading REC, facilitating a transparent market for renewable energy certificates. REC enables entities to meet their RPO targets by purchasing certificates representing renewable energy generated and injected into the grid.

The draft rules emphasise accountability and transparency in renewable energy procurement and consumption, aiming to create a conducive environment for renewable energy investment and development. Stakeholders, including industry experts and environmental advocates, are encouraged to provide feedback to refine the regulations further before their formal implementation.

In conclusion, Delhi's initiative to draft comprehensive RPO rules and REC framework underscores its proactive approach towards promoting renewable energy adoption and sustainability. By setting clear targets and mechanisms, the capital aims to accelerate its transition towards a cleaner and more resilient energy future.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..