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  <title>India’s corporate renewable sourcing: Are IRECs losing ground to VPPAs amid growing demand?</title>
  <description>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&amp;amp;amp;P Global Energy, joins&amp;amp;nbsp;Utsab Sil Roy, head of operations at Climate Cred, an environmental solutions company that helps businesses measure, report and offset their greenhouse gas emissions, and&amp;amp;nbsp;Ahmad Afiq, Platts senior I-RECs price reporter, to discuss pricing trends, growing corporate demand, India's energy procurement mix and government policies. </description>
  <author_name>Commodities Focus</author_name>
  <author_url>https://www.spglobal.com/commodity-insights</author_url>
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