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
REC market may crash if state distribution companies don't meet their RPO
According to and article in the Economic Times, REC markets have crashed in the recent months (see trade results of Oct 2012 and Sept 2012 here) as the state power distribution companies have not yet met their obligation by purchasing
MNRE proposes amendment in Electricity Act to strengthen RPO
According to a report in the Business Standard, at a Solar Energy summit in Mumbai, Mr. Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy said," We have realised that some private companies and state discoms are not complying
REC Trading Report – October 2012
Non-solar RECs The prices remained at floor price this month (Rs.1500/REC at IEX and PXIL; this is the same in September) as supply has remained far in excess of demand. The total RECs available this month was 15 lakh out of
Tamil Nadu announces it Solar Policy
After Andhra Pradesh, Tamil Nadu also announced its Solar Policy last week . The policy aims to achieve an ambitious target of 3000 MW by 2015 in phased manner with capacity addition of 1500 MW from utility scale projects 350 MW
States fail in meeting their Renewable Purchase Obligation for 2011-12
Most discoms of different states have failed to meet their renewable purchase obligation for 2011-12. The reason being poor policy enforcement, lack of awareness and various questions raised by obligated entities on the applicability of RPO. This has affected the
MPERC refuses expemtion of Solar RPO
Recently MPERC held in an order that there will not be any relaxation and revision in fulfillment of Renewable Purchase Obligation (RPO) targets from solar energy sources for FY 2011-12 and 2012-13. The order is in response to the petition