Analysis of CERC’s 4th Amendment to REC Regulations
CERC published the 4th Amendment to REC regulations in end-March. These regulations will have a significant impact on the RECs markets going forward, as a large portion of the existing capacity under the mechanism will become in-eligible for RECs. In summary,
REC Trade Result March 2016
March, being the last month of the Financial Year to fulfil the yearly RPO obligations, saw significant rise in demand in both the Solar and Non-Solar segments, as compared to the last three months. Non-Solar RECs demand almost doubled and
Draft Policy for Repowering of the Wind Power Projects
The Ministry of New & Renewable Energy in consultation with various stakeholders including the Industry and States recently came up with the Draft Policy for Repowering of the Wind Power Projects with an objective to promote optimum utilization of wind
CERC determines Benchmark Capital Cost Norm for Solar PV and Solar Thermal power projects applicable during FY 2016-17
The Central Electricity Regulatory Commission vide its final order on 23rd March, 2016 determined the Benchmark Capital Cost Norm for Solar PV and for Concentrated Solar Power (CSP) projects for 2016-17. In case of determining the capital cost for Solar
Haryana Solar Policy 2016
Recently Haryana has released its new Solar Policy dated 3 March 2016 effective from the date of notification. The policy promotes both Ground mounted and Solar Rooftop installations. The Solar Purchase Obligation is also hiked to 3% by 2021-22, which may
Jharkhand Draft RPO Regulation
The Jharkhand State Electricity Regulatory Commission (JSERC) in a recent notification has proposes its RPO (Renewable Purchase Obligation) and its compliance regulations 2016. The regulations will come into force from the date of its publication in the Jharkhand gazette and
MNRE Issues Notice on RPO compliance
The Ministry of New and Renewable Energy in collaboration with Government of India has made a great initiative by spreading the message about RPO and the need for its compliance through Times of India. The Government highlights that all the
Key provision for Renewable Energy industry in the Union Budget 2016
The Union Budget 2016 was a mixed bag for the RE industry. The key provisions that will impact the industry are: Reduction in accelerated depreciation (AD) on RE investment – the rate of AD will be reduced from 80% to 40%
UERC determines Levelised tariff for Rooftop and Small Solar PV Power Plant
Uttarakhand Renewable Energy Development Agency, had filed a petition seeking determination of Levelised tariff for Rooftop and Small Solar PV Power Plant as per the revised subsidy scheme notified by Ministry of New and Renewable Energy, Government of India (MNRE). While
REC Trade Result February 2016
RECs demand has shown significant improvement over last month trading session. Non Solar REC’s and Solar REC’s traded this month were 70% higher and 57% higher respectively, compared to trading session of January 2016. The total transaction value of REC’s hit a sum total of Rs 119.5 crore, compared