IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

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 ...
/ / Other, Renewable Energy
Renewable Energy Trading on IEX Increases by 6% MoM in December

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 ...
/ / Other, Renewable Energy
REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

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 ...
/ / Other, Renewable Energy
Delhi High Court Suspends Renewable Energy Certificate Trading for Six Weeks

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 ...
/ / Other, Renewable Energy
Central Regulator Allows Multifold Jump in REC-related Administrative Fees

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 ...
/ / Other, Renewable Energy
REC Limited’s Subsidiary Invites Bids for 500 MW of ISTS-Connected Solar Projects

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 ...
/ / Solar, Tenders & Auctions
Renewable Energy Trading at IEX Down 11% in October, Weighted Average Price Drops

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 ...
/ / Other, Renewable Energy
REC Limited's Net Profit Increases Marginally YoY to ₹51.76 Billion in 1H FY 2023

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) ...
/ / Markets & Policy, Solar
Solar Power Traded at ₹5.05kWh in Green Term Ahead Market at IEX in September

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 ...
/ / Other, Renewable Energy
REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

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 ...
/ / Other, Renewable Energy
REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

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 ...
/ / Grid, Market & Policy
Daily News Wrap-Up DEWA Enhances Energy Integration Through Virtual Power Plant

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 ...
/ / Other, Renewable Energy
Daily News Wrap-Up: JBIC Loans PFC $220 Million for Renewable Energy Projects

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 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 ...
/ / Markets & Policy, Solar
IEX Trades 2.24 Million Renewable Energy Certificates in Q1 2022

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

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

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 (1)

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

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 ...
/ / Other, Renewable Energy
Renewable Energy Trading at IEX Grew by 517% YoY in FY 2021-22

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 ...
/ / Other, Renewable Energy
Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022 (1)

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 ...
/ / Other, Renewable Energy
Month in a Minute Top Headlines from the Indian Renewable Sector in February 2021

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 ...
/ / Other, Renewable Energy
CERC Proposes Changes to the Renewable Energy Certificates Mechanism

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 ...
/ / Other, Renewable Energy
Renewable Energy Trading Declined by 23% MoM to 280 MU at IEX in January 2022

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 ...
/ / Other, Renewable Energy
Power Minister Outlines Steps Taken to Integrate Renewables into the National Grid

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 ...
/ / Grid, Market & Policy