Demand for Clean-Energy Credits in India Doubled in December

Demand for Indian renewable-energy credits more than doubled in December from the previous month with volumes rising to the second-highest level this year.

Bids from companies seeking to buy credits climbed 106 percent from the November trading session, while sell bids gained 18 percent, according to data from REConnect Energy Solutions Pvt., an Indore-based trader. The credits sold for 1,500 rupees ($27) each, the floor price set by the regulator.

“One of the reasons for the increase could be that India’s Central Electricity Regulator is deciding on increasing the validity of renewable-energy credits for more than one year,” saidBharat Bhushan, a New Delhi-based analyst with Bloomberg New Energy Finance. “This could lead to a rise in prices in the future as sellers may tend to hold on to credits.

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