IEX gets CERC approval to launch green energy market
The Indian Energy Exchange (IEX) has got approval from the Central Electricity Regulatory Commission to launch green term-ahead market (G-TAM) on its platform.
The exchange conducted a mock trading session on Tuesday which saw good participation from its members and partners. It plans to start trading from August 21.
As a signatory to the Paris Climate Agreement 2016, India has committed to install 40% that is 450 gigawatt of renewable capacity by 2030. Furthermore, consumers both in India as well as globally are increasingly preferring sustainable energy over conventional.
