IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power
The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51 million) in the third ...
Renewable Energy Trading on IEX Increases by 6% MoM in December
The Indian Energy Exchange (IEX) traded 377 million units (MU) of renewable energy in December 2022, an 6% increase month-over-month (MoM) compared to 354 MU traded in the previous month ...
REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations
The Renewable Energy Certificates (RECs) trading on Wednesday saw a clearing price of ₹1,000 (~$12.08)/REC being discovered in the first session at the Indian Energy Exchange (IEX) after the implementation ...
Delhi High Court Suspends Renewable Energy Certificate Trading for Six Weeks
The Delhi High Court has suspended the trading of renewable energy certificates (RECs) issued before October 31, 2022, for six weeks. The order came in response to Indian Wind Power ...
Central Regulator Allows Multifold Jump in REC-related Administrative Fees
The Central Electricity Regulatory Commission (CERC) announced massive surges in the applicable charges for various services involved in Renewable Energy Certificate (REC) trading. While the CERC allowed the fee revision ...
REC Limited’s Subsidiary Invites Bids for 500 MW of ISTS-Connected Solar Projects
REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC Limited, has invited bids to set up 500 MW of interstate transmission system (ISTS)-connected solar power projects across the ...
Renewable Energy Trading at IEX Down 11% in October, Weighted Average Price Drops
The Indian Energy Exchange (IEX) traded 403 million units (MU) of renewable energy in October 2022, an 11% decrease month-over-month (MoM) compared to 454 MU traded in the previous month ...
REC Limited’s Loan Disbursements to Renewable Energy Companies Rises by 426% in 1H FY 2023
REC Limited's consolidated net profit saw a marginal increase of 4% to ₹51.76 billion (~$628.57 million) in the first half (1H) of FY 2023, compared to ₹49.6 billion (~$602.34 million) ...
Solar Power Traded at ₹5.05/kWh in Green Term Ahead Market at IEX in September
The Indian Energy Exchange (IEX) traded 454 million units (MU) of renewable energy in September 2022, registering a 4% month-over-month (MoM) growth. However, the total energy traded on the exchange ...
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 ...
