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) ...
After January Slump, Non-Solar REC Trading Spikes in February 2018
The number of non-solar Renewable Energy Certificates (RECs) traded in India during February 2018 was roughly double the number traded during January 2018. The increase came as entities pounced on ...
Non-Solar REC Trading Falls Drastically in January After Hitting December High
After touching new highs in December 2017, the trade in non-solar Renewable Energy Certificates (RECs) declined by almost two-thirds in January 2018 to 1.2 million total buy bids. The decline ...
KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka
The Karnataka Electricity Regulatory Commission (KERC) has released a discussion paper that calls for increasing the wheeling and banking charges for solar, wind and other renewable energy projects developed under ...
December 2017 Wrap-up: New Developments in India’s Solar and Renewable Energy Sector
A rundown of notable news covering everything from auctions and deals to tax developments from the month of December December proved to be a crucial month for India’s renewable energy ...
DISCOMs Push Trade in Non-Solar RECs to A New High in December
Distribution companies (DISCOMs) making a mad dash to purchase non-solar Renewable Energy Certificates (RECs) to fulfill their Renewable Purchase Obligations (RPOs) before the end of the year have propelled India’s ...
SAUBHAGYA Household Electrification Program Launched in Madhya Pradesh
Madhya Pradesh recently became the third state after Manipur and Jammu and Kashmir to join the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) program. Through the SAUBHAGYA rural electrification ...
Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears
The trade in non-solar renewable energy certificates (RECs) witnessed a steep hike in November 2017, with a total of 2,207,622 of non-solar RECs sold. This is 353 percent higher than ...
Newly Launched National Power Portal Provides a Hub for Indian Power Sector
The National Power Portal (NPP) – a centralized hub for the collation and dissemination of information on the Indian power sector – has been launched. The portal can be accessed ...
Non-Solar REC Trading on the Rise
Trading activity in non-solar renewable energy certificates (RECs) is on the rise in India. In the October REC trading session, a total of 4,87,105 non-solar RECs were sold. This is ...
