Market-makers needed to promote trading in renewable energy - Need to develop a mechanism to bring in market-makers, aggregators and financiers

In order to promote trading of renewable energy (RE) through certification process, there is a need to develop a mechanism to bring in market-makers, aggregators and financiers for providing liquidity to green-energy generators to motivate them to sell more renewable energy certificates (RECs) by undertaking new projects, a senior bank official said. 
"For the success of REC, there is a need to develop a mechanism to bring in market-makers, aggregators and people who can provide liquidity to generators of green power to finance their projects to sell RECs to distribution companies," Yes Bank Managing Director (Sustainable Investment Banking), Vivek Mehra said. 
Banks, however, are cautious about funding generators for RECs, he said. 
"The REC market is very young and bankers are being very cautious. But the other market players can play an important role in providing liquidity to the REC sellers," Mehra said. 
Central Electricity Regulatory Commission (CERC) has designated National Load Despatch Centre (NLDC) as the central agency to issue RECs to generators who can sell them to states deficient in green energy utilities.