CERC Proposes Granting Category I Inter-State Trading License to Refex Energy

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 ...
/ / Grid, Market & Policy
Month in a Minute: Important News from Indian Solar Industry in September 2018

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 ...
/ / Markets & Policy, Solar
Low Tariffs in Solar Could Result in A Wave of Project Refinances: Panel Discussion

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, ...
SECI Invites EoIs to Develop 160 MW Solar Wind Hybrid Project with Energy Storage

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 ...
/ / Markets & Policy, Solar
Government PSU Rural Electrification Corporation’s Net Worth Increases by 6 Percent

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 ...
/ / Markets & Policy, Solar
SECI Tenders 2 GW of ISTS-Connected Wind Projects under Tranche-V

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 ...
/ / Markets & Policy, Solar
REC Group to Supply 45 MW of Panels for Rooftop Solar Projects in India

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 ...
/ / Rooftop, Solar
Germany and India Sign a €200 Million Loan Agreement to Fund Renewable Projects

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 ...
/ / Other, Renewable Energy
Solar REC Trading Spikes in July 2018, Non-Solar REC Trading Continues to Slump

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

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 ...
/ / Markets & Policy, Solar
: Wind, Reverse Auctions, PPA, SECI, ISTS

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

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 ...
/ / Other, Other Energy
REC Contributes $1 Million to International Solar Alliance

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

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 ...
Maharashtra Sets ₹2.72/kWh as Generic Tariff for Solar and ₹2.87/kWh for Wind

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 Floor Price of ₹1,000

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

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

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 ...
/ / Markets & Policy, Solar
CERC Gives its Go-Ahead to Solar and Non-Solar REC Trading

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 ...
/ / Other, Renewable Energy
Green Energy Association to Appeal APTEL REC Order to the Supreme Court

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, ...
/ / Other, Renewable Energy
APTEL Dismisses Petitions Against New Solar and Non-Solar REC Pricing Issued by CERC

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 ...
/ / Markets & Policy, Solar
Non-Solar REC Trading Continued to Gain Momentum in March 2018

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

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 ...
/ / Other, Renewable Energy
CERC Creates Registration Procedure for DISCOMs and Renewable Energy Projects

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 ...
/ / Other, Renewable Energy
CERC Issues Guidelines for Accreditation of Entities Under the REC Mechanism

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) ...
/ / Grid, Utilities