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COVID-19 Pandemic Takes a Toll on Solar REC Trading in March

As the country battles the virus, market sentiment is that of uncertainty

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March witnessed a significant drop in trading volume of solar as well as non-solar renewable energy certificates (RECs). As the country fights the outbreak of Coronavirus. Markets all around the globe are feeling the repercussions of the pandemic in the form of subdued market activity. The non-solar clearing price came spiraling down to the floor price of ₹1,000 (~$13.25) on both the exchanges. Even though this is the end of the financial year 2019-20, the market didn’t see any demand that could fuel the market sentiment.

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