rec

thumbnail
PM Surya Ghar Program: MNRE Announces New Vendor Registration Guidelines

The Ministry of New and Renewable Energy (MNRE) has announced new guidelines for vendor registration under the recently approved PM Surya Ghar: Muft Bijli Yojana rooftop...

thumbnail
Green Energy Trade at IEX Up by 44% in April, REC Prices Plummet by 80%

The Indian Energy Exchange (IEX) traded 402 million units (MU) of green energy in April 2024, a 44% year-over-year (YoY) increase from 280 MU. The Exchange, in total,...

May 3, 2024

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Daily News Wrap-Up: SJVN’s Tender for 1.2 GW Solar Projects Across India

SJVN has invited bids from developers to set up 1.2 GW interstate transmission system-connected solar power projects anywhere in India under tariff-based competitive...

May 3, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
REC’s Q4 Net Profit Up by 33% to ₹41 Billion, Loan Approvals for Renewables Surge

Public infrastructure finance company REC Limited recorded a total income of ₹127.07 billion (~$1.52 billion) for the fourth quarter (Q4) of the financial year (FY)...

May 2, 2024

/

Arjun Joshi

/

Finance and M&A

,

Other
thumbnail
Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

REC Power Development and Consultancy (RECPDCL) has floated a tender to set up 223 MW Inter-State Transmission System (ISTS)-connected solar power projects anywhere in...

April 19, 2024

/

Arjun Joshi

/

Solar

,

Tenders & Auctions
thumbnail
Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a...

April 11, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24,...

April 10, 2024

/

Arjun Joshi

/

Finance and M&A

,

Renewable Energy
thumbnail
IEX Trades 298 MU Green Energy in February, REC Volume Falls 60% MoM

The Indian Energy Exchange (IEX) traded 298 million units (MU) of green energy during February 2024, a 12.61% year-over-year (YoY) drop from 341 MU. The green energy...

March 7, 2024

/

Satish Shetty

/

Other

,

Renewable Energy
thumbnail
US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

/

Staff

/

Markets & Policy

,

Solar
thumbnail
Daily News Wrap-Up: No Penalties for Renewable Power Supply Commencement Delays

The Ministry of Power has amended the guidelines to the tariff-based competitive bidding process for the procurement of firm and dispatchable renewable power from...

February 7, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
IEX Trades 1.52 Million Renewable Energy Certificates in January, Up 285% YoY

The Indian Energy Exchange (IEX) traded 1.52 million renewable energy certificates (RECs), equivalent to 1,520 million units (MU), in January 2024 at a clearance price...

February 6, 2024

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Month in a Minute: Top Headlines from Indian Renewable Sector in January 2024

Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42%...

February 1, 2024

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Private DISCOMs Top Consumer Satisfaction Ratings for FY 2022-23

Only four distribution companies (DISCOMs) out of 62 scored an A+ rating in an assessment of consumer service performance conducted by the Ministry of Power and REC...

January 22, 2024

/

Staff

/

Other

,

Renewable Energy
thumbnail
Daily News Wrap-Up: SECI Tenders 1.5 GW ISTS Solar Projects

The Solar Energy Corporation of India has invited bids to set up 1,500 MW inter-state transmission system (ISTS)-connected solar power projects in India under Tranche...

January 22, 2024

/

Mercom Staff

/

Daily Wrap-up

1

2

3

...

16