The 27th trading session of REC ended in a big disappointment for Solar REC’s. Solar REC market is down by 23.18% in clearing volume with respect to previous trading session.
The market however welcomed and showed steeped rise in transaction of Non-Solar REC with its market rising by 19.14 with respect to previous session, the traded volume being Rs 7.94 Crore for Non-Solar and 1.90 Crore for Solar.
The table below highlights the downward trend in Solar RECs at the aforementioned percentage of 7.13 from the last trading session.
Despite all this, the investment in Solar Projects continues to be in the safe zone with promises of good returns and better future.
The upward trend of the Non-Solar REC is attributed to the initiatives of several states like Maharashtra and Chhattisgarh. More states are likely to follow similar trend.