REConnect Newsletter Volume 39 – OPEN ACCESS
We are pleased to present the 39th Volume of “OPEN ACCESS” - our monthly newsletter on REC Mechanism. The present volume covers analysis on following main topics: Detailed analysis of the bidding under JNNSM Phase 2 by solar industry export Shri Gopal Somani Various regulatory updates including review of revised procedures
REConnect Newsletter Volume 38 – OPEN ACCESS
We are pleased to present the 38th Volume of “OPEN ACCESS” - our monthly newsletter on REC Mechanism. The present volume covers analysis on following main topics: Details of landmark order from UERC for imposing penalty for non-compliance of RPO . Analysis of draft of CERC RE tariff order. Various regulatory updates
Stay by Madras High Court on RRF Mechanism
In an important development on the RRF Implementation front, the High Court of Madras has acceded to the request of affected wind developers. According to a circular on IWPA’s website, the Madras high Court has ordered a stay on the
IWPA knocks GoI to reinstate Accelerated Depreciation
Indian wind power association (IWPA) has issued a press release urging Government of India to restore the benefits of Accelerated Depreciation (AD) to wind power producers, which was surprisingly withdrawn in April 2012. IWPA on behalf of small and medium
Karnataka APPC to remain the same till June 2013
KERC issued a gazetted notification dated 02.04.2013, in which it has notified that the pooled cost of power purchase as determined vide its notification dated 27.06.2012 as Rs. 2.60 per unit will remain in effect till 30th June 2013. The notification
Punjab releases NRSE Policy 2012
Punjab released their renewable energy policy ‘New and Renewable Sources of Energy (NRSE) Policy – 2012’ on 26th December, 2012 with an objective to develop and promote new and renewable sources of energy
Gloomy weather over REC market
Last month's REC trading session has brought the REC market on the verge of vanishing soon. With no sign of strict enforcement happening and a drop of 40% demand shows that the obligated entities have the least interest to participate
Hike in GBI for wind power projects
According to Bloomberg's article, the wind farms in India will receive a hike in their subsidy ( from 50p to 80p for per unit of the electricity generated). Under the Operational Guidelines for implementation of "Generation Based Incentive
REC trading report- November 2012
Non-solar RECs Volumes reduced sharply and prices remained at floor price for the third month.(Rs.1500/REC at IEX and PXIL; from September). Only 1.32 lakh RECs were redeemed this month (down by 41% from last month). The total supply was more than
Private Equity investment in cleantech reduces sharply
According to The Business Standard, private equity (PE) investments in clean technology projects have almost halved this year. This year the RE sector had 12 PE investments worth around $396 million whereas last year there were 36 PE deals worth