Study on the Status of Renewable Energy in india carried out by REConnect Energy published in IndiaSpend
Study carried out by Ms. Suyesha Som and Mr. Vibhav Nuwal from REConnect Energy on the status of renewable energy in India and how India is faring in comparison to other countries is published in IndiaSpend. To read the articles, Click
TNERC issues order on Rooftop Solar generation
Tamil Nadu Electricity Regulatory Commission recently issued an order on rooftop solar generation. This comes after the Tamil Nadu Solar Policy 2019 announced a target of achieving 900 MW of solar energy till 2023, out of which 40% is set
REC Trade Results – June 2018
Considering that this was the third trading session of the new financial year, in the month of June both Solar and Non-solar RECs saw a robust trade. Due to the shortage of Non-Solar RECs, and excessive demand, the prices for
MNRE announces 30 GW offshore wind energy target by 2030
MNRE recently announced 5 GW target for medium and long-term offshore wind energy target by 2022 and 30 GW by 2030. This step is initiated by the ministry to induce confidence in the industry. In continuation to the announcement, MNRE
REC Trade Results – May 2018
In both Solar and Non-solar RECs, demand was robust, considering that this was only the second trading session of the new financial year. Analysis of Trading: Non-Solar – Non-solar RECs inventory was not completely exhausted in the May 2018 trading session (15,51,691
REC Trading Results – April 2018
April saw trading resume for Solar RECs after a gap of one year, after the ApTel pronounced judgment in the case of REC pricing. Also, after record sale of Non-solar RECs in the last 5 months, there was almost no
RRECL SUSPENDS APPROVAL OF PROJECTS UNDER REC MECHANISM IN THE STATE
The approval of all renewable energy projects under the REC mechanism has been suspended by the Rajasthan Renewable Energy Corporation Ltd (RRECL) in an order dated 4/09/2017. The order also states that no new RE projects under REC mechanism will be
INSOLVENCY PETITION FILED AGAINST TANGEDCO
Ind Bharath Group has filed an insolvency petition against TANGEDCO under the Insolvency and Bankruptcy code, 2016. This is due to the delay by TANGEDCO in the payment of dues of more than Rs 700 Cr. They claim that their
UDAY SCHEME BRINGS BENEFITS TO DISCOMS
The Ujwal DISCOM Assurance Yojna (UDAY) scheme was launched in November 2015 by the Ministry of Power (MoP) and the Government of India (GoI). Since then, there has been significant improvement in the debts of the DISCOMs. The participating states have
FINANCIAL LOSSES FOR DISCOMS FALLING UNDER UDAY SCHEME DECREASE
In a recent analysis in the Financial Express, those discoms which are a part of the Ujjwal Discom Assurance Yojna (UDAY) scheme have seen a reduction in their financial losses by 21.5%. This amounts to a saving of Rs 40,295