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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
HERC Issues New Regulations for Procuring Solar Power to Meet RPO
The Haryana Electricity Regulatory Commission (HERC) has issued an order amending the terms and conditions for determination of tariff from renewable energy sources, renewable purchase obligation and renewable energy certificate ...
Solar and Non-Solar REC Trading Slumps in June 2018
After a buoyant May, trading in both solar and non-solar renewable energy certificates (RECs) saw a significant decline in June 2018. In June 2018, 592,401 solar RECs were traded. This ...
Indian Public Sector Banks Issued More Loans to Coal than Renewables
Public sector banks in the country funded more coal projects than renewable projects in 2017, according to the latest report issued by the Center for Financial Accountability (CFA), a financial ...
REC Contributes $1 Million to International Solar Alliance
On World Environment Day, the Rural Electrification Corporation (REC), a state-run power sector financer, announced a $1 million (~₹67 million) contribution to the International Solar Alliance (ISA), according to PTI ...
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years
The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, plans to increase loan disbursements for the ...
Solar and Non-Solar REC Trading Witness a Spike in May 2018
May emerged as the second consecutive month in which both solar and non-solar renewable energy certificates (RECs) trading witnessed a spike. In May 2018, 914,412 solar RECs were traded. This ...
Non-Solar RECs Issued on or After April 1, 2017 to be Sold at a Floor Price of ₹1,000
Non-solar renewable energy certificates (RECs) issued on or after April 1, 2017, will be sold at a floor price of ₹1,000 (~$14.809)/REC, the Supreme Court has ruled. The court had ...
