Green Energy Association to Appeal APTEL REC Order to the Supreme Court

Green Energy Association to Appeal APTEL REC Order to the Supreme Court

The Green Energy Association has decided to appeal the recent order passed by the Appellate Tribunal of Electricity (APTEL) regarding floor and forbearance prices of Renewable Energy Certificates (RECs). Recently, ...
/ / Other, Renewable Energy
India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

India’s banking sector is staring at potential dud assets worth $38 billion (~₹2,470 billion) from the power sector, according to a latest report released by the Bank of America and ...
UN Report: India Ranked Fourth for New Investments in Renewable Energy in 2017

UN Report: India Ranked Fourth for New Investments in Renewable Energy in 2017

Developing countries increased their renewable energy investments by more than $74.3 billion to $177.1 billion in 2017, according to a new report by UN Environment in collaboration with the Frankfurt ...
ReNew Power Acquires Ostro Energy

ReNew Buys Ostro in One of the Largest Renewable Acquisition Deals in India

Indian renewable energy project developer ReNew Power has announced the acquisition of Ostro Energy Private Limited. The acquisition is valued close to ₹10,600 crores (~$1.63 billion), according to Mercom’s channel ...
Non-Solar REC Trading Continued to Gain Momentum in March 2018

Non-Solar REC Trading Continued to Gain Momentum in March 2018

The final month of the renewable energy certificate (REC) trading year witnessed a spike in non-solar REC trading. However, REC trading witnessed a reversal in trends during March 2018 when ...
CERC Creates Procedure for the Issuance of RECs

CERC Creates Procedure for the Issuance of RECs

The Central Electricity Regulatory Commission (CERC) has created a set of procedures for the issuance of Renewable Energy Certificates (RECs) to eligible entities (distribution companies and renewable energy generators). This ...
/ / Other, Renewable Energy
CERC Creates Registration Procedure for DISCOMs and Renewable Energy Projects

CERC Creates Registration Procedure for DISCOMs and Renewable Energy Projects

The Central Electricity Regulatory Commission (CERC) has issued a procedure for the registration of renewable energy projects and distribution licensees (DISCOMs) by the agency. This procedure is designed to improve ...
/ / Other, Renewable Energy
Coal India Report Acknowledges Solar as a Key Substitute for Coal in India

Coal India Report Acknowledges Solar as Key Substitute for Coal in India

A new report sheds light on the increasing significance of renewable sources, especially solar, which could soon become key substitutes for coal-fired power in India.  The Coal Vision 2030 report ...
/ / Other, Renewable Energy
Non-Solar REC Trading Falls Drastically in January After Hitting December High

Non-Solar REC Trading Falls Drastically in January After Hitting December High

After touching new highs in December 2017, the trade in non-solar Renewable Energy Certificates (RECs) declined by almost two-thirds in January 2018 to 1.2 million total buy bids. The decline ...
/ / Other, Renewable Energy
Small Hydro Projects Gain Momentum in India

Small Hydro Projects Gain Momentum in India, over 4 GW Installed

As India walks towards a greener future, small hydro power projects are gradually gaining traction in the country. As of November 2017, small hydro projects totaling 4,399.35 MW have been ...
/ / Other, Renewable Energy
YES Bank and EIB Announce Renewable Energy Financing Program for India

YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India

YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
/ / Other, Renewable Energy
Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

The trade in non-solar renewable energy certificates (RECs) witnessed a steep hike in November 2017, with a total of 2,207,622 of non-solar RECs sold. This is 353 percent higher than ...
/ / Other, Renewable Energy
Non-Solar REC Trading on the Rise

Non-Solar REC Trading on the Rise

Trading activity in non-solar renewable energy certificates (RECs) is on the rise in India. In the October REC trading session, a total of 4,87,105 non-solar RECs were sold. This is ...
/ / Other, Renewable Energy
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Energy Sector in August 2017

IDFC Alternatives’ India Infrastructure Fund II (IIF II), through its wholly-owned subsidiary Vector Green Energy, has entered into definitive agreements with First Solar Power India and its affiliates to acquire ...
/ / Other, Renewable Energy
Non Solar REC Trading Wind IEX PXIL Aug 2017

Sale of Non-Solar RECs Decline

With obligated entities required to pay the old renewable energy certificate (REC) rate of ₹1,500/REC,  the total number of non-solar RECs sold in August 2017 was 2,89,505, 42 percent lower ...
/ / Other, Renewable Energy
India Renewable Energy Policy Roundup

India Renewable Energy Policy Roundup from August 2017

Government agencies were busy in the month of August with two anti-dumping cases decided against Chinese companies for solar glass and castings for wind turbines. The Ministry of New and ...
/ / Other, Renewable Energy
Saudi Arabia Renewable Energy

Saudi Arabia Could be a Significant Renewable Energy Market Going Forward

In the next six years, Saudi Arabia intends to produce 10 percent of its power from renewable sources of energy. The drive towards renewable energy is likely to see the ...
/ / Other, Renewable Energy
SriLanka Renewable Energy

Sri Lanka to Reach 100 Percent Renewables by 2050

Sri Lanka can meet its current and future electricity demand through the use of renewable energy by 2050, according to a joint study by the UN Development Program (UNDP) and ...
/ / Other, Renewable Energy
Sri Lanka

IFC Invests $100 Million in Sri Lanka’s Renewable Energy Sector

The International Finance Corporation (IFC), a World Bank Group member, will invest $100 million to boost financing for renewable energy projects in Sri Lanka. The IFC will collaborate with Sri ...
/ / Other, Renewable Energy
Electricity Demand in Germany

Renewable Energy Generated 35 Percent of Electricity Demand in Germany in First Half of 2017

According to the latest figures from the Centre for Solar Energy and Hydrogen Research in Baden-Wurttemberg (ZSW) and the German Association of Energy and Water Industries (BDEW), solar PV generated ...
/ / Other, Renewable Energy
Khajuraho - Kandariya Mahadeo Temple

MPERC Proposes Scrapping Must-Run Status of Renewable Energy Generation in Madhya Pradesh

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has proposed applying scheduling and merit order dispatch principles to energy generation from co-generating and renewable energy generating units from time to time, ...
/ / Other, Renewable Energy
Policy Roundup

India Renewable Energy Policy Roundup: July 2017

Mercom’s renewable energy policy roundup from central, state and government agencies in India for the month of July 2017: Gujarat Electricity Regulatory Commission (GERC) released the GERC Net-Metering Rooftop Solar ...
/ / Other, Renewable Energy
Month in a Minute India Solar Update July

Important Data Points and Headlines from the Indian Renewable Energy Sector in July 2017

Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has been developed ...
/ / Other, Renewable Energy
Delhi Electricity Regulatory Commission Solar RPO

Delhi Electricity Regulatory Commission Issues Draft Regulations for RPOs and RECs for Financial Years 2017-2020

The Delhi Electricity Regulatory Commission (DERC) has issued the Draft DERC (Renewable Purchase Obligation (RPO) and Renewable Energy Certificate (REC) Framework Implementation) Regulations 2017. The DERC has asked stakeholders to ...
Piyush Goyal

RPO System to be Re-evaluated Says Power Minister Piyush Goyal

A separate solar and non-solar renewable purchase obligations (RPO) system should be reviewed according to Mr. Piyush Goyal, Minister of Power. If what’s been proposed by Mr. Goyal comes to ...