India's corporate renewable sourcing: Are IRECs losing ground to VPPAs amid growing demand?

India's corporate renewable sourcing: Are IRECs losing ground to VPPAs amid growing demand?

India's corporate renewable energy market is entering a new phase. While International Renewable Energy Certificates still lead the way for buyers seeking flexibility, simplicity, and cost-effective compliance, larger corporates are increasingly exploring Virtual Power Purchase Agreements, financial contracts that allow procurement of renewable energy attributes without taking physical delivery of the power. In a structurally oversupplied Indian I-REC market, rising issuance, cyclical demand, and price sensitivity continue to shape procurement strategies.

Vipul Garg, Platts senior price reporter, environmental markets at S&P Global Energy, joins Utsab Sil Roy, head of operations at Climate Cred, an environmental solutions company that helps businesses measure, report and offset their greenhouse gas emissions, and Ahmad Afiq, Platts senior I-RECs price reporter, to discuss pricing trends, growing corporate demand, India's energy procurement mix and government policies.

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India's renewable hydrogen projects face cost, delay risks from global conflicts

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India's solar market faces export hurdles, pivots to domestic power

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The Indian solar market has grown considerably over the past decade as the country continues to invest in its module and cell manufacturing capacities. However, the recent imposition of additional dut...

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With one of the world's largest shares of renewables in its energy generation mix, Brazil offers opportunities for companies in the country seeking to reduce their emissions. In this episode, we discu...

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Unpacking the global poultry price flip: Why are chicken legs now pricier than breast meat?

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For the first time since Platts began tracking these markets, frozen boneless chicken legs shipped to North Asia are priced higher than skinless boneless breast meat destined for the Middle East. This...

24 Maalis 11min

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