Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

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 ...
India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects

India’s NBFC Crisis Exacerbating Financing Challenges for Utility-Scale Solar Projects

Since September 2018, India’s Non-Bank Financial Companies (NBFC) have been in a crisis after Infrastructure Leasing, and Financial Services (IL&FS) admitted to defaulting on several payments to its creditors, consequently ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders

IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders

The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
Solar REC Trading Declines Significantly in October 2018

CERC Extends Validity of RECs Due to Expire between April and October 2019

Providing relief to renewable energy generators of both solar and non-solar projects who are a part of the renewable energy certificate (REC) mechanism, the Central Electricity Regulatory Commission (CERC) has ...
No Increase in RPO of Captive Projects if Additional Capacity Not Added_ Ministry of Power

In Bihar, DISCOMs Penalized for Not Fulfilling RPO Shortfall

Recently, the Bihar State Power Holding Company Ltd. (BSPHCL) wrote to the state’s electricity commission BERC seeking its approval to carry forward the shortfall in the renewable purchase obligations (RPO) ...
/ / Other, Renewable Energy
Suzlon Registers ₹5.75 Billion Net Loss in First Quarter of FY19

CERC Requests National Load Despatch Center to Issue RECs for a 1.5 MW Wind Project

The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch center (NLDC) to issue renewable energy certificates (RECs) for a 1.5 MW wind energy project. The CERC issued ...
/ / Other, Wind
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs

After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
/ / Other, Renewable Energy
Uttar Pradesh DISCOM Gets Approval to Call for Bids to Procure 400 MW of Hydropower

CERC Asks National Load Despatch Centre to Issue RECs for Commissioned Renewable Projects

The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch centre (NLDC) to issue renewable energy certificates (RECs) for a small hydro project of capacity 10 MW and ...
/ / Other, Renewable Energy
Generic Tariff for Municipal Solid Waste to Energy Projects in Tamil Nadu Set at ₹6.28/kWh

Generic Tariff for Municipal Solid Waste to Energy Projects in Tamil Nadu Set at ₹6.28/kWh

The Tamil Nadu Electricity Regulatory Commission (TNERC) has set the generic tariff for the procurement of power from municipal solid waste projects in the state at ₹6.28 (~$0.088)/kWh without accelerated ...
/ / Other, Waste to Energy
Maharashtra Sets ₹2.72/kWh as Generic Tariff for Solar and ₹2.87/kWh for Wind

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 ...
/ / Grid, Market & Policy
India Records Power Supply Deficit of 0.6 Percent During Apr-Sep 2018

Rajasthan Amends Regulations for REC and RPO Compliance Framework

The Rajasthan Electricity Regulatory Commission (RERC) has issued new amendments to its regulations on renewable energy certificate and renewable purchase obligation compliance framework passed in 2010. The new regulations will ...
/ / Other, Renewable Energy
February 2019 Records High Activity in Solar and Non-Solar REC Trading

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 ...
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