REC Trading Report – January 2012
As we approach the end of the compliance period i.e in March 2012, REC market reached its peak both in traded volume and prices. Total traded volume increased to over 170,000 ( an increase of 54% over previous month), while
Andhra Pradesh Publishes Draft RPO Regulation
Andhra Pradesh published its draft RPO regulations. This is significantly delayed (AP was the only major state remaining to publish RPO; Delhi has a draft order, and West Bengal is essentially a non-participant - more on this later in the
Vibhav Nuwal, Director, REConnect Energy Solutions talks about strong enforcement of RPO regulations
In an interview with Electrical Monitor, Vibhav Nuwal, Director, REConnect Energy Solutions Pvt Ltd talks about the current scenario of Renewable Energy Certificates market in India. He said that the future of the REC market will grow only if
REC market making green energy sector Go Green!
After successful completion of REC mechanism for one year several companies are planning to enter the green energy sector. In an article of DNA India, the success of emerging REC market is highlighted. The volume of RECs traded and their prices
Proposal to charge RE generators for processing their applications in Chhattisgarh
Chhattisgarh Renewable Energy Development Authority ( CREDA ) and Chhattisgarh State Load Dispatch Centre have proposed the Chhattisgarh State Electricity Regulatory Commission ( CSERC ) for levy of fee for processing of applications for issuance of RECs. They have proposed
Solar developers in search of light under REC scheme
After one year of completion of REC mechanism solar developers are still looking for some ray of light to benefit from the scheme. Only one solar project got accredited till date. The project is of Jain Irrigation, has a capacity
Review of REC Trading-November,2011
Unlike in October, the November REC trading session had few surprises. Prices increased marginally on IEX (From Rs 2,700 to Rs 2,900), while it fell on PXIL (from 3,000 to 2,800). Total volume sold increased from approximately 95,000 to
Review of REC Trading-October 2011
The highlight of this trading session was the increase in volumes (95,504 RECs sold versus 46,362 last month) and price (Rs 2710/ REC*). The increase in cleared volume of 106% is significant, particularly as increase in volume offered for sale increased
First Solar Project Gets Accreditated
The first solar project got accredited under the REC Mechanism. The project is of Jain Irrigation, has a capacity of 8.5 MW and is located in Maharashtra. While this is a start, we believe that the momentum in the Solar REC
Renewable Energy Certificates needs market push
In an article of The Hindu Business Line the current scenario of the Renewable Energy Certificates market of the country and its upcoming challenges was highlighted. With an extra one-and-a-half paise added into accounts of people who put up renewable energy capacities such as windmills, biomass and solar plants is an attractive return, justifying their investments. However, for this to work, a key parallel activity is the development of a robust market for renewable energy certificates and here is where action is needed urgently now.