India's corporate renewable sourcing: Are IRECs losing ground to VPPAs amid growing demand?

Podcast: Commodities Focus · S&P Global Energy

Opublikowano: 2026-06-17

India's corporate renewable energy market is entering a new phase. While International Renewable Energy Certificates still lead the way for buyers seeking flexibility, simplicity, and cost-effective compliance, larger corporates are increasingly exploring Virtual Power Purchase Agreements, financial contracts that allow procurement of renewable energy attributes without taking physical delivery of the power. In a structurally oversupplied Indian I-REC market, rising issuance, cyclical demand, and price sensitivity continue to shape procurement strategies. Vipul Garg, Platts senior price reporter, environmental markets at S&P Global Energy, joins Utsab Sil Roy, head of operations at Climate Cred, an environmental solutions c...