Photo of Aditi Misra

Partner in Infrastructure & Project Finance practice at the Delhi NCR office of Cyril Amarchand Mangaldas. She has been advising various lenders, developers and investors (both domestic and international) in the infrastructure space. She has significant experience in project financing, investments and public-private partnerships across sectors such as roads, renewable energy and social infrastructure. She can be reached at aditi.misra@cyrilshroff.com

Evolution of Environmental Attributes in India

Environmental attributes represent the characteristics of electric power generation that have an intrinsic value (excluding the energy output), arising from perceived environmental benefits of electricity generation from renewable sources, that result in the avoidance of adverse impact on the environment. For renewable energy generators (RE Generators) to realise tangible benefits from environmental attributes, various renewable energy tracking systems have evolved. These help RE Generators to monetise the green component of electricity, by selling environmental attributes to various entities (both obligated and voluntary), thereby creating much required liquidity. RE Generators in India have been realising the benefits of environmental attributes by registering their projects under the renewable energy certificate (RECs) mechanism, and various other international programmes, as outlined below.

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