CERC Removes Floor Prices for Solar and Non-Solar RECs

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

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

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 ...
/ / Rooftop, Solar
Advanced PV Technologies Turn Rooftop Solar Systems into Profitable, Long-lasting Assets

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 ...
/ / Rooftop, Solar
CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020

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

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

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 ...
/ / Markets & Policy, Solar
Gujarat Commission Sets Average Pooled Purchase Cost for Various Licensees

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 ...
/ / Wind
October’s Solar REC Trading Sees Record High Price of ₹2,400

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 ...
/ / Markets & Policy, Solar
Solar REC Price Spikes to a Record ₹2,250 in September 2019

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 ...
/ / Markets & Policy, Solar
DISCOMs Can Avail Accreditation Under REC Mechanism_ KERC Draft Amendment

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 ...
/ / Other, Renewable Energy
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

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 ...
/ / Markets & Policy, Solar
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

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 ...
/ / Other, Wind
Goa Issues Net Metering Regulations for Solar Projects

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, ...
/ / Rooftop, Solar
Demand for Solar and Non-Solar RECs Increased in July 2019

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 ...
/ / Markets & Policy, Solar
Maharashtra DISCOM to Amend EPAs for Purchase of 500 MW of Wind Power

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 ...
/ / Other, Wind
India’s REC Inventory Almost Exhausted, What’s Next?

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

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 ...
/ / Other, Wind
Solar RECs Traded at the Price of ₹2,000 in IEX and PXIL During May 2019

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

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

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 ...
Solar REC Trading Declines Significantly in October 2018

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 ...
No Increase in RPO of Captive Projects if Additional Capacity Not Added_ Ministry of Power

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) ...
/ / Other, Renewable Energy
Suzlon Registers ₹5.75 Billion Net Loss in First Quarter of FY19

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 ...
/ / Other, Wind
Hero Future, Vikram Solar and ACME go to Court Opposing Safeguard Duty Imposed by DGTR

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 ...
/ / Other, Renewable Energy