The objective of the assignment was to assess the potential of the solar market and marketability of solar Renewable Energy Certificates (RECs), exploring options available for solar generators to sell electricity under the REC mechanism. The project was awarded to WISE by IL&FS Environmental Infrastructure & Services Limited.

WISE assessed the regulatory and commercial implications from multiple energy sale options and proposed optimized business models for electricity sale from a solar PV project. WISE also analyzed the solar REC market and modelled solar REC demand and REC price variation using robust forecasting parameters.