Rec Prices Projected to Drop Significantly

07 Oct 2024 CW Team

According to a recent report, Renewable Energy Certificate (REC) prices are expected to decline by 76% by the year 2050, primarily due to an anticipated oversupply in the market. This substantial decrease is attributed to increased investments in renewable energy generation and advancements in technology, leading to greater efficiency and lower costs in production. As more renewable energy projects come online, the market will see a surge in available certificates, contributing to the downward pressure on prices.

The implications of this trend could be significant for stakeholders in the renewable energy sector, including developers, investors, and policymakers. A drop in REC prices may impact the financial viability of certain projects and could reshape the dynamics of the renewable energy market.

Furthermore, the report emphasizes the need for strategic planning and adaptation to ensure the sustainability of investments in renewable energy, as the landscape continues to evolve in response to market forces and regulatory changes. Policymakers are encouraged to consider mechanisms that can stabilize REC prices and maintain incentives for clean energy development, ensuring that the transition to a greener economy remains on track.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..