REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022
REC Silicon, a leading producer of advanced silicon materials, posted a revenue of $45 million in the second quarter (Q2) of the calendar year (CY) 2022, up 20% from $34.6 ...
REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators
REC Limited, a public infrastructure finance company, has approved ₹220 billion (~$2.78 billion) for the power utilities of Jharkhand, Rajasthan, Chhattisgarh, and Jammu & Kashmir to clear their outstanding dues ...
Daily News Wrap-Up: DEWA Enhances Energy Integration Through Virtual Power Plant
Here are some noteworthy cleantech announcements of the day from around the world: Dubai Electricity and Water Authority (DEWA) has enhanced integration between different energy resources in its smart grid ...
Daily News Wrap-Up: JBIC Loans PFC $220 Million for Renewable Energy Projects
Here are some noteworthy cleantech announcements of the day from around the world: Power Finance Corporation (PFC) signed a loan agreement for ¥30 billion (~$220.83 million) with Japan Bank for ...
Gujarat Allows Net Metering for Rooftop Solar Systems of 1 kW to 1 MW
Gujarat Electricity Regulatory Commission (GERC) has amended Gujarat Electricity Regulatory Commission (Net Metering Rooftop Solar PV Grid Interactive Systems) Regulations, 2016. The new regulation— Gujarat Electricity Regulatory Commission (Net Metering ...
IEX Trades 2.24 Million Renewable Energy Certificates in Q1 2022
The Indian Energy Exchange (IEX) traded 2,249,517 renewable energy certificates (RECs) in the first quarter of 2022. They include 1,636,973 non-solar RECs and 612,544 solar RECs. There were 933,359 non-solar ...
Renewable Energy Trading Up by 91% MoM at IEX in May 2022
The Indian Energy Exchange (IEX) traded 642 million units (MU) of renewable energy in May 2022, a 91% month-over-month (MoM) increase compared to 336 MU traded in the previous month ...
Bids Invited to Empanel Consultants for Renewable Energy Projects Across India
REC Limited has invited bids to empanel project management agencies for renewable energy projects across India for two years. The scope of work is divided into four phases: pre-disbursement, implementation, ...
Renewable Energy Trading Down by 14% MoM at IEX in April 2022
The Indian Energy Exchange (IEX) traded 336 million units (MU) of renewable energy in April 2022, a 14% month-over-month (MoM) decrease compared to 392 MU traded in the previous month ...
IEX Reports 50% YoY Increase in Profits for FY 2022, Trades 102 BU of Power During the Year
The Indian Energy Exchange (IEX), in its recently announced financial results for the fiscal year (FY) 2021-22 and fourth quarter (Q4) FY-22, reported a 50% year-on-year (YoY) increase in profit ...
Renewable Energy Trading at IEX Grew by 517% YoY in FY 2021-22
In the financial year (FY) 2021-2022, the Indian Energy Exchange (IEX) traded 4,854 million units (MU) of renewable energy, a 517% year-over-year (YoY) growth. The energy trading in the newly ...
Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022
The Indian Energy Exchange (IEX) traded 453 million units (MU) of renewable energy in February 2022, a 61% month-over-month (MoM) increase compared to 280 MU traded in the previous month ...
Month in a Minute: Top Headlines from the Indian Renewable Sector in February 2022
Here is a recap of some of the most important headlines from February 2022: India installed a record 10 GW of new solar capacity in 2021, a big jump of ...
CERC Proposes Changes to the Renewable Energy Certificates Mechanism
Central Electricity Regulatory Commission (CERC) has recently published draft regulations for renewable energy certificates according to which renewable generators, captive power projects, distribution companies (DISCOMs), and open access consumers will ...
Renewable Energy Trading Declined by 23% MoM to 280 MU at IEX in January 2022
The Indian Energy Exchange (IEX) traded 280 million units (MU) of renewable energy in January 2022, a 23.28% month-over-month (MoM) decline compared to 365 MU traded in the previous month ...
Power Minister Outlines Steps Taken to Integrate Renewables into the National Grid
Union Power Minister R.K Singh, in a written reply to Lok Sabha (LS), highlighted the steps taken by the central government to facilitate renewable energy integration in the national interconnected ...
Power Minister Outlines Steps to Improve Financial Health of DISCOMs
In a written reply in Rajya Sabha, Union Power Minister RK Singh outlined the various steps taken by the government to help improve the financial health of the distribution companies ...
Month in a Minute: Top Headlines from Indian Renewable Sector in January 2022
Here is a recap of some of the most important headlines from January 2022: ReNew Power sold its 117 MW of rooftop solar portfolio to distributed solar company Fourth Partner ...
PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects
Power Finance Corporation (PFC) and REC Limited, public finance infrastructure companies, have reduced their lending rates by 40 basis points for all types of loans. The companies revised lending rates ...
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 ...
Renewable Energy Trading at IEX Dipped to 365 MU in December 2021
The Indian Energy Exchange (IEX) traded 365 million units (MU) of renewable energy in December 2021, a 20.13% month-over-month (MoM) decline compared to 457 MU in November. However, the fourth quarter of ...
Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition
Reliance Industries (RIL) has availed $736 million equivalent green loans from five banks to fund its acquisition of Norway-headquartered solar cells, modules, and polysilicon manufacturer REC Solar Holdings. The five ...
IEX’s Green Market Trades 457 MU of Renewable Energy in November 2021
The Indian Energy Exchange (IEX) traded 457 million units (MU) of renewable energy in November 2021, a 23% month-over-month (MoM) increase compared to 372.4 MU in October. The exchange saw ...
Chemicals Company in Punjab to Buy Renewable Energy Certificates to Fulfill RPO
The Punjab State Electricity Regulatory Commission (PSERC) has allowed a chemicals company to fulfill its renewable energy purchase obligation (RPO) shortfall by purchasing renewable energy certificates (REC) by March 31, ...
Daily News Wrap-Up: IEX to Resume REC Trading from November 24
Here are some noteworthy cleantech announcements of the day from around the world: The Indian Energy Exchange (IEX) will resume the Renewable Energy Certificates (REC) trading from November 24, 2021 ...
