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
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 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
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
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 ...
