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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
Haryana Electricity Regulatory Commission Releases Discussion Paper on 2017 Tariff Regulations For Renewable Energy Sources
The Haryana Electricity Regulatory Commission (HERC) has released a discussion paper on HERC (Terms and Conditions for Determination of Tariff from Renewable Energy Sources, Renewable Purchase Obligation (RPO) and Renewable Energy Certificate ...
Hindustan Power Aggressively Expanding its Global Footprint
Hindustan Power, an Indian Renewable Energy firm, is aggressively expanding its global solar portfolio. The company acquired 15 solar power generation projects in Japan and is poised to enter the ...
PGCIL Files Petition Seeking CERC’s Intervention for Efficient Utilization of Bays to Connect Wind and Solar Projects
The Power Grid Corporation of India (PGCIL) has filed a petition with the Central Electricity Regulatory Commission (CERC) seeking regulatory intervention on an urgent basis to ensure efficient utilization of ...
Renewable Energy Installations Reach 57.5 GW in India
Renewable energy installations in India continue to grow, accounting for ~17.5 percent of India’s energy mix as of April 2017. In comparison, renewable energy accounted for 14.15 percent a year ...
Power Finance Corporation to Shift Investments Towards Renewables
The Power Finance Corporation (PFC), a government owned financial Institution, is planning to shift its investments away from conventional energy and towards renewable energy projects, last-mile transmission and distribution projects ...
