REC trade picks up speed
In yesterday's article of the Hindustan Times , Rupa Devi Singh,Managing Director of PXIL said that the REC market is expected to grow to Rs.100 crore by the end of 2012. Currently the market size per month is around
REC Trading Report – July 2012
Demand fell off the cliff this month, mainly driven by enforcement concerns and expectations of price fall in the future (due to increasing supply). Aggregate demand reduced to 161,000 RECs from 350,000 last month (-54%). On the other hand, supply
REConnect's journey so far
A recent article of The Hindu Business Line covered the story how REConnect was formed and their entrepreneurial journey till now . Vishal Pandya and Vibhav Nuwal , Directors, REConnect Energy Solutions met through Linkedin, shared their ideas of
REC Trading Report – June 2012
REC trading for June was conducted today (June 27, 2012). Compared to last month, there were a few surprises: Supply exceeded demand for Non-Solar RECs for the first time since start of trading Demand for Solar RECs grew significantly Detailed analysis of Non-solar
REC Trading Report – May 2012
Solar RECs were traded for the very first time in India in the May trading session. REConnect sold Solar RECs issued to M&B Switchgear Ltd (a company that operates a 2MW solar plant in MP). The market clearing prices on
First Solar RECs Issued to M&B Switchgear; Expected to Trade in May
M&B Switchgear Ltd, which owns and operates a 2 MW solar PV plant in MP was issued 249 Solar RECs today. This is the very first issuance of Solar RECs in India. These Solar RECs are expected to be traded
Punjab roll-forwards RPO to next year
PSPCL recently petitioned the Punjab Electricity Regulatory Commission to amend its RPO from 2.4% (including 0.03% solar) to 1.65%. This is inline with the extent of RPO achieved in the state (1.67% non-solar and 0.0075% solar). The reasoning behind the
REC Trading Report-April 2012
Today’s trading session was the first of the new compliance year (2012-13). Both volume and price expectations were low, given that there is no real pressure on the obligated entities to buy this early in the year. Considering that, both
Accelerated Depreciation Benefit for Wind Projects Withdrawn
Recently the Central Government withdrew Accelerated Depreciation (AD) benefit for wind projects. This was widely anticipated (we had covered it earlier here), but there were some uncertainties (see Economic Times article of a few days back which said the benefit
REC Trading Report – March 2012
Today’s was the last trading session for the year before the end of the compliance period. The market expected significant demand and high prices as this was the last opportunity to comply. However, contrary to expectation demand fell sharply this