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
Proposal for benchmark capital cost of Solar PV projects for FY13-14
Central Electricity Regulatory Commission(CERC) recently announced the new benchmark prices for the Solar Projects (PV & Thermal) for the year 2013-14. For Solar PV projects it will be Rs.8 crore/MW (-20% from 2012-13) and for Solar Thermal projects it will
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
RECs markets face uncertaininty due to lack of enforcement: Businessworld
We have highlighted the problem with enforcement regularly. A recent article in Businessworld brings the issue center-stage. Jayant Deo, former MD and CEO of the Indian Energy Exchange (IEX) is quoted as saying: " [obligated] entities are getting away with non-compliance because
Delhi announces its final RPO regulation
The most awaited RPO regulations was finally announced by Delhi Electricity Regulatory Commission (DERC) for the capital region. Like RPO regulations of other states, DERC also came out with a similar one. The RPO regulation is applicable to: Distribution Licensee(s) operating in