CERC Removes Floor Prices for Solar and Non-Solar RECs
The Central Electricity Regulatory Commission (CERC) has issued an order implementing revised forbearance and floor prices for solar and non-solar renewable energy certificates (RECs). In its order, the Commission implemented ...
Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices
The Supreme Court of India has dismissed an appeal by the Green Energy Association (GEA) seeking a stay order on the Central Electricity Regulatory Commission’s (CERC) order to reduce the ...
Experts Shed Light on Technologies That Can Turn Rooftop Solar into Appreciating Assets
The rooftop segment with nearly 4 GW of installations, is way off the target of 40 GW set by the government for December 2022. The rooftop market saw a steep ...
Advanced PV Technologies Turn Rooftop Solar Systems into Profitable, Long-lasting Assets
Rooftop solar installations are slowly making inroads in India lately as compared to many developed nations where the deployments are far larger in scale. Rooftop solar’s potential has been marred ...
CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020
The Central Electricity Regulatory Commission (CERC) has passed an order extending the validity of renewable energy certificates (RECs) to avoid demand-supply imbalances in the REC market. It extended the validity ...
CERC Accepts Two-Day Delay, Allows Issue of Pending RECs to ITC
The Central Electricity Regulatory Commission (CERC) has issued an order directing the National Load Despatch Center (NLDC) to accept a procedural delay and allow the issue of 1,585 Renewable Energy ...
Traded Volumes of Solar RECs Witness 45% Decline in November 2019
In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
Gujarat Commission Sets Average Pooled Purchase Cost for Various Licensees
The Gujarat Electricity Regulatory Commission (GERC) has determined the average pooled purchase cost (APPC) for various licensees from the financial year (FY) 2014-15 to FY 2018-19. The Indian Wind Power ...
October’s Solar REC Trading Sees Record High Price of ₹2,400
In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
Solar REC Price Spikes to a Record ₹2,250 in September 2019
In September’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded when compared to trading activity in August ...
DISCOMs Can Avail Accreditation Under REC Mechanism: KERC Draft Amendment
The Karnataka Electricity Regulatory Commission (KERC) has issued a draft amendment to its guidelines for the procurement of energy through renewable sources. The amendments will allow the inclusion of distribution ...
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019
In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July. A ...
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power through a competitive bidding process. The distribution company intends to meet ...
Goa Issues Net Metering Regulations for Solar Projects
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has finalized the net metering regulations. The new rules have been in effect since July 24, ...
Demand for Solar and Non-Solar RECs Increased in July 2019
In July’s renewable energy certificate (REC) trading session, there was a rise in the number of solar and non-solar RECs that were traded. A total of 129,056 solar RECs were ...
Maharashtra DISCOM to Amend EPAs for Purchase of 500 MW of Wind Power
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has received the approval it sought from the Maharashtra Electricity Regulatory Commission (MERC) for deviations in the standard bidding document for the ...
India’s REC Inventory Almost Exhausted, What’s Next?
The month of June 2019 witnessed the near exhaustion of the entire renewable energy certificate (REC) inventory on both the energy exchanges, namely the Indian Energy Exchange (IEX) and the ...
National Load Despatch Center Asked to Review and Issue RECs to Gujarat Wind Developer
The Central Electricity Regulatory Commission (CERC) has issued an order in favor of wind developer Enn Enn Corp Limited which had filed a petition against the rejection of its request ...
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
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
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 ...
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 ...
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) ...
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 ...
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 ...
