After Flying High for Months, Spot Power Price Declines to ₹3.73/kWh in June 2018

After Flying High for Months, Spot Power Price Declines to ₹3.73/kWh in June 2018

In June 2018, spot power price stood at ₹3.73 (~$0.054)/kWh. This recorded price proved to be a trend reversal of sorts for spot power prices over the past few months ...
/ / Grid, Market & Policy
: Wind, Reverse Auctions, PPA, SECI, ISTS

Solar and Non-Solar REC Trading Slumps in June 2018

After a buoyant May, trading in both solar and non-solar renewable energy certificates (RECs) saw a significant decline in June 2018. In June 2018, 592,401 solar RECs were traded. This ...
Spot Power Price Spikes to ₹4.67/kWh in May 2018

Spot Power Price Spikes to ₹4.67/kWh in May 2018

In May 2018, spot power price spiked to ₹4.67 (~$0.0695)/kWh. May’s spot power price was ₹1.76 (~$0.0262)/kWh higher than the spot price recorded in May 2017, registering an increase of ...
Maharashtra Sets ₹2.72/kWh as Generic Tariff for Solar and ₹2.87/kWh for Wind

Solar and Non-Solar REC Trading Witness a Spike in May 2018

May emerged as the second consecutive month in which both solar and non-solar renewable energy certificates (RECs) trading witnessed a spike. In May 2018, 914,412 solar RECs were traded. This ...
Spot Power Price Remains High at ₹3.98/kWh in April 2018

Spot Power Price Remains High at ₹3.98/kWh in April 2018

In April 2018, the spot power price was ₹3.98 (~$0.0594)/kWh, ₹1.21 (~$0.0180)/kWh more than the ₹2.77 (~$0.0413)/kWh recorded in April 2017, an increase of approximately 44 percent. The key reasons ...
Huge Interest in Solar RECs as Trading Begins Again After a Year

Huge Interest in Solar RECs as Trading Begins Again After a Year

Trading of solar and non-solar renewable energy certificates (RECs) has started in the new trading session of April 2018. The RECs, both solar and non-solar, are being traded at the ...
/ / Other, Renewable Energy
IEX and JPEX Enter MoU for Cooperation in Electricity Market

IEX and JEPX Enter MoU for Cooperation in Electricity Market

The Indian Energy Exchange (IEX) and Japan Electric Power Exchange (JEPX) have entered into a Memorandum of Understanding (MoU) to jointly explore opportunities of cooperation in the electricity market. IEX ...
/ / Grid, Market & Policy
Spot Power Price Rose to ₹4.02/kWh in March 2018

Spot Power Price Rose to ₹4.02/kWh in March 2018

The average spot power price recorded in March 2018 shot up by approximately 57 percent when compared to the price recorded in the same month last year. The increase in ...
/ / Demand Response, Grid
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 ...
After January Slump, Non-Solar REC Trading Spikes in February 2018

After January Slump, Non-Solar REC Trading Spikes in February 2018

The number of non-solar Renewable Energy Certificates (RECs) traded in India during February 2018 was roughly double the number traded during January 2018. The increase came as entities pounced on ...
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
DISCOMs Push Trade in Non-Solar RECs to A New High in December

DISCOMs Push Trade in Non-Solar RECs to A New High in December

Distribution companies (DISCOMs) making a mad dash to purchase non-solar Renewable Energy Certificates (RECs) to fulfill their Renewable Purchase Obligations (RPOs) before the end of the year have propelled India’s ...
/ / Other, Wind
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
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Top Headlines From the Indian Renewable Energy Sector in October 2017

Here is a list of important headlines, developments and data points from India’s renewable energy sector during October 2017. ACME Solar Holdings announced that it is looking to raise $337 ...
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
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ / Finance and M&A, Other
Non-Solar REC Trading

Non-Solar REC Trading Rises 32 Percent in September

The total number of non-solar renewable energy certificates (RECs) sold in India jumped by 32 percent in September, rising to 382,007 from just 289,505 sold during the previous month. The ...
/ / Markets & Policy, Solar
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
Month in a Minute

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

The Ministry of New and Renewable Energy (MNRE) de-empaneled 71 channel partners fromits grid-connected rooftop and small solar power projects program. These agencies had not entered any installation data or ...
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ / Finance and M&A, Other
rupees

CERC Reduces Floor Price of Solar RECs to Rs.1,000/MWh

The Central Electricity Regulatory Commission (CERC) has issued new forbearance and floor prices for Renewable Energy Certificates (REC). The CERC has announced that the forbearance price of solar RECs will ...