India’s Solar Sector Received Investments Totaling $1.86 Billion in Q2 2018

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 ...
/ / Markets & Policy, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Power Finance Corporation’s Acquisition of 52% Stake in REC Approved

The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
/ / Markets & Policy, Solar
Rajasthan Sets ₹2.67/kWh As Price of Energy Supplied to DISCOMs Under REC Mechanism

Rajasthan Sets ₹2.67/kWh As Price of Energy Supplied to DISCOMs Under REC Mechanism

The Rajasthan Electricity Regulatory Commission (RERC) has issued a notice inviting suggestions from interested parties before finalizing its Renewable Energy Certificate (REC) and Renewable Purchase Obligation (RPO) Compliance Framework (Third ...
/ / Markets & Policy, Solar
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Delhi’s Draft RPO and REC Regulations Make Way for Stricter Implementation

The Delhi Electricity Regulatory Commission (DERC) has issued draft regulations for the implementation of renewable purchase obligation (RPO) and renewable energy certificate (REC) framework. The draft is up for comments ...
/ / Other, Renewable Energy
Ministry of Power Proposes Adoption of Uniform Tariff Structure for All States

Andhra Pradesh’s New Solar Policy Targets 5 GW of Projects in Five Years

Andhra Pradesh has come up with a new solar policy with the aim to promote widespread usage of solar power and targets a minimum total solar power capacity addition of ...
/ / Markets & Policy, Solar
KERC Directs State Distribution Companies to Submit Wind PPAs for Approval

CERC Seeks Consultants to Study Regulatory Impact of REC Mechanism

The Central Electricity Regulatory Commission (CERC) has published the terms of reference for the study of regulatory impact of renewable energy certificate (REC) mechanism. REC, which was designed to facilitate inter-state ...
/ / Other, Renewable Energy
India Records Power Supply Deficit of 0.6 Percent During Apr-Sep 2018

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 ...
/ / Markets & Policy, Solar
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
Ceiling Tariff of ₹3.10/kWh Set for Maharashtra’s Solar Agricultural Feeder Program

Month in a Minute: Notable Renewable Energy and Solar News from India in November 2018

November 2018 witnessed some key announcements in the Indian renewable sector. Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest ...
/ / Markets & Policy, Solar
SECI’s 1,200 MW Wind Tender Receives Bids Totaling 2,190 MW

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 ...
/ / Markets & Policy, Solar
Month in a Minute: Important News from Indian Solar Industry in October 2018

Month in a Minute: Important News from Indian Solar Industry in October 2018

The month of October witnessed some key announcements in the Indian solar industry. For example, India’s solar installations recorded in the first half (1H) of calendar year 2018 totaled almost ...
/ / Markets & Policy, Solar
Solar REC Trading Declines Significantly in October 2018

Solar REC Trading Declines Significantly in October 2018

Solar renewable energy certificate (REC) trading witnessed a steep decline in October 2018. A total of 275,951 solar RECs were traded in October 2018. This is 1,282,111 less solar RECs ...
/ / Markets & Policy, Solar
SECI’s 1,200 MW Wind Tender Receives Bids Totaling 2,190 MW

CERC Extends Validity of RECs due to Expire Between October 2018 and March 2019

The Central Electricity Regulatory Commission (CERC) has issued an order extending the validity of Renewable Energy Certificates (RECs) which are due to expire between October 31, 2018 and March 31, ...
/ / Markets & Policy, Solar
Blockchain-Powered Renewable Energy Certificate Trading Platform Opened in Singapore

Blockchain-Powered Renewable Energy Certificate Trading Platform Opened in Singapore

Singapore’s SP Group, an energy utility group, has launched one of the world’s first blockchain-powered renewable energy certificate (REC) marketplaces at the Association of Southeast Asian Nations (ASEAN) Energy Business ...
/ / Other, Renewable Energy
Corporates Win Three RPO Compliance Delay Cases in Karnataka

Corporates Win Three Solar and Non-solar RPO Compliance Delay Cases in Karnataka

In three separate cases related to the delay in compliance of renewable purchase obligation (RPO)by corporates, the Karnataka Electricity Regulatory Commission (KERC) has provided relief to the obligated entities. Case ...
/ / Other, Renewable Energy
India’s Rural Electrification Corporation Launches Global Medium-Term-Note Program

India’s Rural Electrification Corporation Launches Global Medium-Term-Note Program

The Rural Electrification Corporation (REC), a public sector under the government of India, launched its $5 billion global medium-term-note (GMTN) program on the Global Securities Market (GSM). GSM is a ...
/ / Markets & Policy, Solar
CERC Proposes Granting Category I Inter-State Trading License to Refex Energy

DISCOMs Should Purchase Power from Renewable Projects under REC at ₹2.67/kWh

The Rajasthan Electricity Regulatory Commission (RERC) has released a staff paper on projects registered under renewable energy certificate (REC) mechanism in the state. The paper analyzes the issues being faced ...
/ / Grid, Market & Policy
Month in a Minute: Important News from Indian Solar Industry in September 2018

Month in a Minute: Important News from Indian Solar Industry in September 2018

The month of September witnessed some key announcements in the Indian solar industry. For instance, an order passed by the Supreme Court ended the ongoing confusion on the imposition of ...
/ / Markets & Policy, Solar
Low Tariffs in Solar Could Result in A Wave of Project Refinances: Panel Discussion

Low Tariffs in Solar Could Result in a Wave of Project Refinances: Panel Discussion

India has witnessed exponential growth in renewable energy installations in the past four years with cumulative installations rising from 3 GW to 25 GW during the  period. Over this period, ...
SECI Invites EoIs to Develop 160 MW Solar Wind Hybrid Project with Energy Storage

Solar REC Trading Witnesses Unprecedented Spike in September 2018

Solar renewable energy certificate (REC) trading witnessed an unprecedented spike in the month of September 2018. A total of 1,558,062 solar RECs were traded in September 2018. This is 1,071,933 ...
/ / Markets & Policy, Solar
Government PSU Rural Electrification Corporation’s Net Worth Increases by 6 Percent

Government PSU Rural Electrification Corporation’s Net Worth Increases by 6 Percent

The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, has announced its 49th annual report for ...
/ / Markets & Policy, Solar
SECI Tenders 2 GW of ISTS-Connected Wind Projects under Tranche-V

Solar REC Trading Slumps in August 2018

Solar renewable energy certificate (REC) trading slumped in August 2018, whereas non-solar REC trading climbed up after months of decline. In August 2018, 486,129 solar RECs were traded. This was ...
/ / Markets & Policy, Solar
REC Group to Supply 45 MW of Panels for Rooftop Solar Projects in India

REC Group to Supply 45 MW of Panels for Rooftop Solar Projects in India

REC Group, a solar photovoltaic (PV) panels manufacturer, will supply 45 MW of solar panels for the development of rooftop solar projects in India. According to the company, it has ...
/ / Rooftop, Solar
Germany and India Sign a €200 Million Loan Agreement to Fund Renewable Projects

Germany and India Sign a €200 Million Loan Agreement to Fund Renewable Projects

KfW, a leading German financial institution, has signed a €200 million (~$228.15 million) loan agreement with India’s Rural Electrification Corporation Limited (REC), a state-run power sector financer. KfW signed the ...
/ / Other, Renewable Energy
Solar REC Trading Spikes in July 2018, Non-Solar REC Trading Continues to Slump

Solar REC Trading Spikes in July 2018, Non-Solar REC Trading Continues to Slump

Solar renewable energy certificate (REC) trading surged in July 2018, whereas non-solar REC trading continued to decline. In July 2018, 1,382,632 solar RECs were traded. This was 790,231 solar RECs ...