Despite uncertainties surrounding the solar REC scheme, several developers have shown interest in setting up solar projects in Karnataka under the Renewable Energy Certificate (REC) Scheme, the State had announced recently.

“Karnataka Renewable Energy Development Ltd (KREDL) has received proposals to set up 350 MW of solar projects under the REC scheme, and all of it will be allocated in a couple of months,” Mr N.S. Prasanna Kumar, told Business Line.