This study provides a comprehensive overview of India’s Renewable Energy Certificate (REC) mechanism and outlines key trends in its evolution since 2010. RECs are market instruments that allow power distribution companies (disoms) and others to meet renewable purchase obligations (RPO) without buying green power.

The study assesses segment-wise electric vehicle (EV) sales, battery requirements, public charging infrastructure necessary, and the investments needed until 2030 to support India’s EV transition. In addition to the 2030 target, the study models three transition scenarios.

This policy brief aims to bridge the asymmetries in information on the modalities of installing a grid-connected rooftop solar (RTS) system or a small solar power plant in Indian states. It provides an easy-to-use guide for consumers, developers, and investors in the RTS sector.