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 ...
Karnataka Imposes Wheeling Charges on Renewable Projects
The Karnataka Electricity Regulatory Commission (KERC) has issued an order fixing the wheeling, transmission charges to be levied on renewable energy projects in the state. The order has been in ...
Interview: Solar & Non-Solar REC Generators Could Lose ₹18 Billion if Relief is Not Provided
The solar REC trading in the country was stalled for the past one year. In April 2018, both, solar and non-solar renewable energy certificates (REC) were traded for the first ...
CERC Gives its Go-Ahead to Solar and Non-Solar REC Trading
The Central Electricity Regulatory Commission (CERC) has given its go-ahead for the trade of solar and non-solar Renewable Energy Certificates (RECs) in the country. The new order comes after the ...
Green Energy Association to Appeal APTEL REC Order to the Supreme Court
The Green Energy Association has decided to appeal the recent order passed by the Appellate Tribunal of Electricity (APTEL) regarding floor and forbearance prices of Renewable Energy Certificates (RECs). Recently, ...
APTEL Dismisses Petitions Against New Solar and Non-Solar REC Pricing Issued by CERC
The Appellate Tribunal of Electricity (APTEL) has dismissed petitions filed by stakeholders against the issue of new forbearance and floor prices for solar and non-solar renewable energy certificates (RECs) by ...
Non-Solar REC Trading Continued to Gain Momentum in March 2018
The final month of the renewable energy certificate (REC) trading year witnessed a spike in non-solar REC trading. However, REC trading witnessed a reversal in trends during March 2018 when ...
CERC Creates Procedure for the Issuance of RECs
The Central Electricity Regulatory Commission (CERC) has created a set of procedures for the issuance of Renewable Energy Certificates (RECs) to eligible entities (distribution companies and renewable energy generators). This ...
CERC Creates Registration Procedure for DISCOMs and Renewable Energy Projects
The Central Electricity Regulatory Commission (CERC) has issued a procedure for the registration of renewable energy projects and distribution licensees (DISCOMs) by the agency. This procedure is designed to improve ...
CERC Issues Guidelines for Accreditation of Entities Under the REC Mechanism
The Central Electricity Regulatory Commission (CERC) has issued model guidelines for the accreditation of renewable energy projects or distribution licensees (DISCOM) by state agencies under the Renewable Energy Certificate (REC) ...
