India becomes world's first large electricity market to implement Green Day Ahead Market exclusively for renewable energy

The Union Minister of Power & New and Renewable Energy, Shri R K Singh, launched a new market segment, “Green Day Ahead Market (GDAM)” on October 25, 2021.
This makes India as the only large electricity market in the world to implement a GDAM exclusively for renewable energy.
The new initiative will open the renewable energy sector to enable anyone to set up the capacity and sell it to distribution companies and industries.
Meanwhile, the electricity generation and distribution companies will be able to buy or sell renewable energy through open access.
GDAM will provide competitive price signals and offer an opportunity to the market participants to trade in green energy in the most transparent, flexible and efficient manner.