Daily News Wrap-Up: SBI Partners with Tata Power to Finance Solar Projects
Here are some noteworthy cleantech announcements of the day from around the world: State Bank of India (SBI) launched a dedicated centralized processing cell - ‘Surya Shakti Cell,' in partnership ...
Commission Sets ₹2.49/kWh as Average Power Purchase Costs for Himachal DISCOMs
The Himachal Pradesh Electricity Regulatory Commission (HPERC), in its recent order, has set ₹2.49 (~$0.033) as the average power purchase cost (APPC) for the financial year 2021-22 under the renewable ...
Vedanta Aluminium Procured 2 Billion Units of Renewable Energy in 2021
Indian aluminum producer Vedanta Aluminium Business announced that it has become India's largest industrial consumer of renewable energy. The company led renewable energy procurement on India’s power exchanges like Indian ...
Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power
Here are some noteworthy cleantech announcements of the day from around the world: Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired equity shares of ABReL ...
CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges
The Central Electricity Regulatory Commission (CERC), in a recent order, approved the introduction of the Green Day Ahead Contract (GDAC) at the Indian Energy Exchange (IEX) and the Power Exchange ...
CERC Approves Registration of India’s Third Power Exchange
The Central Electricity Regulatory Commission (CERC) has granted Pranurja Solution Limited (PSL) registration right to establish and operate a power exchange. It would make PSL the third power exchange in ...
Indian Oil Invites Bids for Trading of Non-Solar RECs from 72 MW of Wind Projects
The Indian Oil Corporation Limited (IOCL) has invited bids from traders to sell 176,262 non-solar renewable energy certificates (RECs) generated from 72.3 MW of wind power projects in Rajasthan through ...
Solar Renewable Energy Certificates’ Trading Spikes in June
There was a surge in the trading of solar renewable energy certificates (RECs) in June 2020 compared to the previous month despite the ongoing COVID-19 crisis and the subsequent lockdown ...
After Two Months of Lows, Solar REC Trading Gathers Speed in May 2020
There was a considerable increase in the trading of both solar and non-solar renewable energy certificates (RECs) in May 2020 compared to the last month. This increase comes as a ...
PXIL and IEX Launch Real-Time Market for Electricity Transactions
The Power Exchange India Limited (PXIL) and Indian Energy Exchange (IEX) have started their real-time market (RTM) trading platforms for electricity transactions on June 1, 2020. The real-time market is ...
COVID-19 Pandemic Takes a Toll on Solar REC Trading in March
March witnessed a significant drop in trading volume of solar as well as non-solar renewable energy certificates (RECs). As the country fights the outbreak of Coronavirus. Markets all around the ...
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 ...
Expiring Solar and Non-Solar RECs Will Now Remain Valid up to March 31, 2020
The Central Electricity Regulatory Commission (CERC) has extended the validity of renewable energy certificates (RECs), which have or are due to expire shortly. The Commission observed that the RECs that ...
Traded Volumes of Solar RECs Witness 45% Decline in November 2019
In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
October’s Solar REC Trading Sees Record High Price of ₹2,400
In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
Solar REC Price Spikes to a Record ₹2,250 in September 2019
In September’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded when compared to trading activity in August ...
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019
In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July. A ...
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 ...
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 ...
Inventories Tighten in April 2019 as Entities Proactively Seek Solar REC Purchases
The trading in renewable energy certificates (RECs) further slumped in April 2019 due to low inventory. This is the second month after March 2019 in which REC trading has steadily ...
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 ...
February 2019 Records High Activity in Solar and Non-Solar REC Trading
After the decline in trading numbers in January 2019, trade in solar RECs spiked massively in February 2019. In February 2019, a total of 408,764 solar RECs traded on the ...
Price of Solar REC Shoots Up in January 2019
After increasing in December 2018, the trade of solar renewable energy certificates (RECs) declined in January 2019. However, the cost of solar RECs shot up during the month. In January ...
REC Trading Trend Reverses in December: Solar Trade Spikes While Non-Solar Slumps
Renewable energy certificates trading (RECs) on the energy exchanges in India witnessed a reversal of trends in the last month of 2018. While trading activity in solar RECs spiked in ...
Solar REC Trading Slumps While Non-Solar REC Trading Spikes in November 2018
With both solar and non-solar renewable energy certificate (REC) trading undergoing a reversal in the demand-supply situation, trading of solar RECs has witnessed a huge slump even as trade in ...
