rec

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Green Energy Trade on IEX Increases by 331% YoY in November 2024

The Indian Energy Exchange (IEX) traded 818 million units (MU) of green energy during November 2024, a 331.8% increase from 189 MU in the same month in 2023. The Green...

December 3, 2024

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Tina Freese

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: Leading Players in Solar Open Access Market in 1H 2024

AM Green Energy, Serentica Renewables, Amplus Solar, Fourth Partner Energy, and Brookfield Renewable Partners were the top solar open access developers in the first half...

November 28, 2024

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Mercom Staff

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Daily Wrap-up
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REC Issues Guidance Framework for Vendor Operations Under PM Surya Ghar

REC has released a guidance framework for vendor operations under PM Surya Ghar: Muft Bijli Yojna to ensure smooth implementation of the rooftop solar program. The...

November 27, 2024

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Tina Freese

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Markets & Policy

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Solar
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ACME Secures ₹37 Billion Loan from REC for 320 MW FDRE Projects

ACME Sun Power, a wholly owned subsidiary of ACME Solar Holdings, has secured a ₹37.53 billion (~$444.68 million) loan from REC Limited to develop 320 MW Firm and...

November 18, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Suspension of Facilities Sinks REC Silicon into 112.09% YoY Net Loss in Q3 2024

Norway-based silicon material manufacturer REC Silicon‘s net loss widened 112.09% year-over-year (YoY) to $52.6 million in the third quarter (Q3) 2024 from $24.8...

November 12, 2024

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Melvin Mathew

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Finance and M&A

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Solar
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Green Energy Trade on IEX Up 364% YoY in October 2024

The Indian Energy Exchange (IEX) traded 872 MU (million units) of green energy in October 2024, a 364% year-over-year (YoY) increase from 188 MU. The Green Day-Ahead...

November 6, 2024

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Namratha A Rai

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Markets & Policy

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Renewable Energy
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REC’s Q2 Revenue Up by 17% to ₹136 Billion, Loan Approvals Fall 27% YoY

Public infrastructure finance company REC Limited recorded a total income of ₹135.95 billion (~$1.62 billion) for the second quarter (Q2) of the financial year (FY)...

October 28, 2024

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Arjun Joshi

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Finance and M&A

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Other
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PGCIL Wins Project to Evacuate 8 GW Renewable Energy from Gujarat

Power Grid Corporation of India (PGCIL) has won a project from REC Power Development and Consultancy to establish an interstate transmission system (ISTS) to evacuate 8...

October 25, 2024

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Tina Freese

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Renewable Energy

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Tenders and Auctions
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RECPDCL Invites Bids for Power Evacuation from Pumped Storage Projects

REC Power Development and Consultancy (RECPDCL), a wholly owned subsidiary of REC Limited, has issued a Request for Proposal (RfP) to select a transmission service...

October 18, 2024

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Tina Freese

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Renewable Energy

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Tenders and Auctions
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Tata Power Bags Project to Evacuate Power for Green Hydrogen Projects

REC Power Development and Consultancy (RECPDCL) has handed over ERES-XXXIX Power Transmission to Tata Power Company to develop transmission works to evacuate power for...

October 18, 2024

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Staff

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Renewable Energy

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Solar

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T&D
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Green Energy Trade on IEX Up 214% YoY in September 2024

The Indian Energy Exchange (IEX) traded 723 million units (MU) of green energy in September 2024, a 214% year-over-year (YoY) increase from 230 MU. The Green Day-Ahead...

October 7, 2024

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Arjun Joshi

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Markets & Policy

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Other
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Daily News Wrap-Up: Juniper, ACME, Sembcorp Win 600 MW Wind-Solar Auction

Juniper Green Energy, ACME Solar Holdings, and Sembcorp Green Infra have won Solar Energy Corporation of India’s (SECI) auction to develop 600 MW interstate transmission...

October 7, 2024

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Mercom Staff

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Daily Wrap-up
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REC’s Loan Disbursals for Renewable Projects Rose by 92% in 1H FY 2025

Public finance company REC’s renewable energy loan disbursements rose 92.68% in the first half (1H) of the financial year (FY) 2024-25 and 37.35% in the second quarter...

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Daily News Wrap-Up: ALMM Solar Module Capacity Up 2 GW

The Ministry of New and Renewable Energy has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,084 MW of new solar module capacity. The...

October 1, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: MSEDCL Awards 400 MW Wind-Solar Project to Tata Power

Tata Power Renewable Energy (TPREL) has won a contract to develop a 400 MW wind-solar hybrid project from Maharashtra State Electricity Distribution Company (MSEDCL)....

September 20, 2024

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Mercom Staff

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Daily Wrap-up

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