CERC Removes Floor Prices for Solar and Non-Solar RECs

CERC Removes Floor Prices for Solar and Non-Solar RECs

The Central Electricity Regulatory Commission (CERC) has issued an order implementing revised forbearance and floor prices for solar and non-solar renewable energy certificates (RECs). In its order, the Commission implemented ...
Mizoram Extends Deadline for Short-Term Supply of Non-Solar Renewable Power

Mizoram Extends Deadline for Short-Term Supply of Non-Solar Renewable Power

The Power and Electricity Department of Mizoram (PEDM) has extended the date to submit bids for the short-term sale of surplus non-solar renewable power. The deadline has been extended to ...
Solar and Non-Solar REC Trading Plummets in April

Solar and Non-Solar REC Trading Plummets in April

Due to the lockdown caused by the coronavirus (COVID-19) pandemic, there was a significant decrease in the trade volume of both solar and non-solar renewable energy certificates (RECs) in April ...
Chhattisgarh Approves Power Sale Agreement for 400 MW Solar-Wind Hybrid Power

Chhattisgarh Approves Power Sale Agreement for 400 MW Solar-Wind Hybrid Power

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has approved the power sale agreement (PSA) signed between the Chhattisgarh State Power Distribution Co.Ltd (CSPDCL) and Solar Energy Corporation of India Ltd ...
/ / Markets & Policy, Solar
CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020

CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020

The Central Electricity Regulatory Commission (CERC) has passed an order extending the validity of renewable energy certificates (RECs) to avoid demand-supply imbalances in the REC market. It extended the validity ...
AAI’s New Tender Seeks Engineering Consultancy for a 5 MW Solar Project at Calicut Airport

Solar REC Trading Soars in February 2020

There was a significant increase in the trade volume of both solar and non-solar renewable energy certificates (RECs) in February. A cumulative sum of 1,299,737 solar RECs was traded on ...
TNB Signs PPAs to Develop 180 MW of Grid-Connected Solar Projects in Malaysia

Assam: Solar RPO of 1% Applicable to Captive Power Projects Commissioned Before 2016

The Assam Electricity Regulatory Commission (AERC) has notified that for captive power projects (CPPs) which were commissioned before April 1, 2016, the renewable purchase obligation (RPO) will be 1% for ...
/ / Markets & Policy, Solar
Tata Power Seeks to Procure 150 MW of Non-Solar Renewable Power on a Short-Term Basis

Tata Power Seeks to Procure 150 MW of Non-Solar Renewable Power on a Short-Term Basis

Tata Power-Delhi Distribution Limited (TPDDL) has issued a request for proposal (RfP) for procuring up to 150 MW of renewable (non-solar) power on a short-term basis for meeting its renewable ...
/ / Grid, Tenders & Auctions
Solar REC Trading Rises in January 2020

Solar REC Trading Rises in January 2020

Entities rushed to buy renewable energy certificates (RECs) to meet their renewable purchase obligations (RPOs) in January 2020. A cumulative sum of 76,220 solar RECs was traded on the Indian ...
/ / Markets & Policy, Solar
Indian Solar Industry – Cautiously Optimistic

Solar REC Trading Volume Improved in December 2019

In December 2019’s renewable energy certificate (REC) trading session, there was a significant increase in the number of solar RECs that were traded when compared with the previous month of ...
/ / Other, Renewable Energy
Kerala Commission asks DISCOM to Modify PSA for 200 MW of Wind Projects Signed with SECI

Kerala Commission asks DISCOM to Modify PSA for 200 MW of Wind Projects Signed with SECI

In response to a petition filed by the Kerala State Electricity Board (KSEB) for the approval of a power sale agreement (PSA) with the Solar Energy Corporation of India (SECI), ...
/ / Wind
Uttarakhand DISCOM Allowed to Use Surplus Non-Solar RPO to Meet its Solar RPO Deficits

Uttarakhand DISCOM Allowed to Use Surplus Non-Solar RPO to Meet its Solar RPO Deficits

The Uttarakhand Electricity Regulatory Commission (UERC) has allowed Uttarakhand Power Corporation Limited (UPCL) to carry forward the surplus non-solar renewable purchase obligations (RPO) of the financial year (FY) 2019-20 to ...
/ / Markets & Policy, Solar
Maharashtra Commission Approves a Tariff of ₹3.10_kWh for 7 MW of Solar Projects

Maharashtra Commission Approves a Tariff of ₹3.10/kWh for 7 MW of Solar Projects

The Maharashtra State Power Generation Company Limited (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) recently approached the Maharashtra Electricity Regulatory Commission (MERC) seeking its approval for the adoption ...
/ / Markets & Policy, Solar
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power through a competitive bidding process. The distribution company intends to meet ...
/ / Other, Wind
Demand for Solar and Non-Solar RECs Increased in July 2019

Demand for Solar and Non-Solar RECs Increased in July 2019

In July’s renewable energy certificate (REC) trading session, there was a rise in the number of solar and non-solar RECs that were traded. A total of 129,056 solar RECs were ...
/ / Markets & Policy, Solar
CERC Overlooks Procedural Delays, Grants RECs to Captive Generator in Uttar Pradesh

CERC Overlooks Procedural Delays, Grants RECs to Captive Generator in Uttar Pradesh

In a recent order, the Central Electricity Regulatory Commission (CERC) directed the National Load Dispatch Centre (NLDC) and Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) to issue the ...
/ / Other, Renewable Energy
PPA for 12 MW Waste Gas-Based Captive Project Approved in West Bengal

PPA for 12 MW Waste Gas-Based Captive Project Approved in West Bengal

The West Bengal Electricity Regulatory Commission (WBERC) has approved the power purchase agreement (PPA) for a 12 MW waste gas-based power generation project in the state. The commission had received ...
India’s REC Inventory Almost Exhausted, What’s Next?

India’s REC Inventory Almost Exhausted, What’s Next?

The month of June 2019 witnessed the near exhaustion of the entire renewable energy certificate (REC) inventory on both the energy exchanges, namely the Indian Energy Exchange (IEX) and the ...
Uttar Pradesh Proposes Solar RPO at 2% for 2019-20

Uttar Pradesh Proposes Solar RPO at 2% for 2019-20

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has proposed amendments to its Renewable Purchase Obligation (RPO) Regulations. The regulations were issued in 2010 to facilitate the growth of renewable energy ...
Karnataka Proposes Reduction in BESCOM’S RPO Target from 13% to 12%

Uttar Pradesh DISCOMs Ordered to Submit Roadmap for Solar and Non-Solar RPO Fulfilment

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered its electricity distribution company to respond to its suo moto proceedings about meeting renewable purchase obligation (RPO) targets as per regulations ...
Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

Entities rushed to buy renewable energy certificates (RECs) to fulfill their renewable purchase obligations (RPOs) in May 2019. This led to solar RECs being traded at ₹2,000 (~$28.68)/REC on both ...
Solar REC Trading Declines Significantly in October 2018

CERC Extends Validity of RECs Due to Expire between April and October 2019

Providing relief to renewable energy generators of both solar and non-solar projects who are a part of the renewable energy certificate (REC) mechanism, the Central Electricity Regulatory Commission (CERC) has ...
Adani Electricity Mumbai has Time Until March 2020 to Comply with RPO

Adani Electricity Mumbai Has Time Until March 2020 to Comply with RPO

Government agencies in India are taking renewable purchase obligation (RPO) compliance cases seriously, and entities are being brought to task by state electricity regulatory commissions after the creation of RPO ...
Maharashtra Asks Entities Including BEST and Indian Railways to Comply with Their Solar RPO

Maharashtra Asks Entities Including BEST and Indian Railways to Comply with Their Solar RPO

The Maharashtra Electricity Regulatory Commission (MERC) has ordered five entities to comply with their solar and non-solar renewable purchase obligation (RPO) requirement for Financial Year (FY) 2017-18 in FY 2018-19. The ...
Maharashtra Sets ₹2.72/kWh as Generic Tariff for Solar and ₹2.87/kWh for Wind

Low REC Inventory Pulls Trading Numbers Down in March 2019

After surging in February 2019, the trade in solar renewable energy certificates (RECs) declined in March 2019. The decline in the number of RECs traded is a result of low ...
/ / Grid, Market & Policy