RPO

Solar REC prices reduced by about 60%; Vintage Multipliers introduced

5 Comments / Renewable Energy Certificates (REC), Renewable Purchase Obligation, Solar, Solar PV /

The Central Electricity Regulatory Commission(CERC) has released the final order for the reduction of the REC prices(Third Amendment). With this, CERC has removed one of the major obstacles that prevented Obligated Entities(OEs) from buying Solar RECs. The CERC had released a draft proposal in October 2014(more details here), and  after taking the inputs from the stakeholders, the […]

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REC Trading(Sept’ 2014) – Unsold RECs inventory crosses 1 Crore: Equivalent of Rs. 1800 Crore

Renewable Energy Certificates (REC), Solar, Solar PV /

I don’t know which one is a bigger farce – the REC mechanism, or me writing month after month about the REC trading, but I am inclined to believe that the first option is the bigger farce. With that out of the way, here comes the details of the REC trading for this month. As

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Haryana Power Purchase Centre ( HPPC) announces bidding process for selection of 50 MW PV projects

Regulation, Renewable Purchase Obligation, Solar, Solar PV /

Haryana Power Purchase Centre(HPPC), on behalf of the Haryana Distribution companies(Discom) Uttar Haryana Bijli Vitran Nigam Limited (UHBVN) & Dakshin Haryana Bijli Vitran Nigam Limited( DHBVN), has released tender documents for 50 MW of solar PV capacity. The tender was released in order to meet the Renewable Purchase Obligations(RPOs).The highlights of the tender are as follows. 1.

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REC Trading – February 2014 – Solar trading increases by about 31%

1 Comment / Renewable Energy Certificates (REC), Renewable Purchase Obligation, Solar, Wind /

The REC trading session for the month – February 2014 concluded today. The solar REC trade volume which had dropped significantly in the last month’s trading session has rallied this month with an increase of about 31% in traded volume compared to January 2014. Non-Solar RECs’ traded volume also showed modest growth with the traded

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REC Trading for January 2014 – Solar drops by 19%; Non-solar drops by 11%

4 Comments / Renewable Energy Certificates (REC), Renewable Purchase Obligation, Solar /

After growing marginally in December 2013, the solar REC trading dropped to its lowest levels in 5 months. Non-solar REC trade also dropped after increasing continuously for 4 months. Since the number of RECs traded were less than the number of RECs issued, the inventory of both solar and non-solar RECs continued to grow. Both

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REC Trading – September 2013 – Solar Gains

4 Comments / Markets, Renewable Energy Certificates (REC) /

REC trading for the month of September 2013 concluded on Wednesday. The trading statistics indicate that there has been a gain in the volume of solar RECs traded in the month while the abysmal trend associated with the non-solar REC segment continues with the supply-demand gap widening every month. Non-Solar RECs Following the hammering that

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TNERC Consultative Tariff – No need for panic

1 Comment / Regulation, Tamil Nadu /

Tamil Nadu Electricity Regulatory Commission(TNERC)’s recently released Consultative Paper on “Comprehensive Tariff Order on Solar Power” has created some panic in the market owing to the proposed tariff of Rs. 5.78/kWh. (Read our initial analysis of the same here). Several project developers and EPCs with projects in Tamil Nadu were very much concerned after reading

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Solar in India – Open Market and Private PPAs to be the next big revolution : L&T

1 Comment / Markets, Rooftop PV /

Recently, I got the opportunity to have a fairly elaborate discussion with Larsen & Toubro(L&T) about the solar sector in India. It may be recalled that L&T was ranked as the top Indian Solar EPC company in the world 2012 by IHS Research. This discussion/interview was done on behalf of Intersolar India and covered a

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