Indian Energy Exchange (IEX) and Power Exchange India Ltd (PXIL) have started trading of solar Renewable Energy Certificates (RECs) amidst keen interest within the power sector. M and B Switchgears Ltd. has become the first solar power producer in India to be issued 249 Solar RECs by the National Load Dispatch Centre in New Delhi. [...]
Archive for the ‘Renewable Energy Certificates’ Category
GAIL invites bids for RECs
GAIL India Limited has invited bids for hiring the services of a registered trader for issuance or redemption of renewable energy certificates (RECs). The services are for 60.65 MW of wind energy based power generation from its upcoming projects in the state of Tamil Nadu. It is to be noted that GAIL is developing three [...]
Is non-conventional energy a dream?
Delhi government is finding it tough to maintain the demand-supply ratio of power in the Capital. As a result, it has also been looking at harnessing non-conventional sources of energy. But there is a long way to go yet. Dr Anil Kumar, Executive Officer, Energy Efficiency and Renewable Energy Management Centre, said, “The only two [...]
M&B Switchgear gets India’s first solar RECs
NSE and BSE-listed M and B Switchgear Ltd was issued the country’s first solar ‘Renewable Energy Certificates’. The company was issued 249 RECs by the National Load Despatch Centre in New Delhi. RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those generating electricity from renewable sources such as wind, biomass, hydro and solar, [...]
M&B emerges first in getting REC registration
M&B Switchgear has emerged India’s first solar developer to get itself registered by National Load Despatch Centre for solar renewable energy certificates. The BSE-listed company has commissioned a 1.5 MW solar plant, which is expected to generate 1,500 REC. RECs are market-tradeable generation-based certificates. The minimum and maximum prices for each solar REC have been [...]
REC market: Prices come down at end of first year
Prices of the certificates fell 5.4 per cent on the Indian Energy Exchange, in the last trading session of the first year of ‘renewable energy certificates’ trading on Wednesday. On the IEX, 192,354 RECs were traded at an average price of Rs 2,900. Prices were slightly higher, at Rs 3,100, on the other market, the [...]
REC regulations from Andhra Pradesh
The Andhra Pradesh Electricity Regulatory Commission (APERC) has announced the renewable purchase obligation (RPO) regulations, for 2012-13 to 2016-17. Some of the main features of the regulations are: RPO of 5 per cent, including a ‘solar RPO of 0.25 per cent’. The ‘average pooled purchase cost (APPC)’ has been determined to be Rs 2 a [...]
CLP India may opt for REC scheme
CLP India is planning to its future renewable energy projects under the ‘renewable energy certificate (REC)’ scheme. The Hong Kong-based company has 630 MW of wind assets. Speaking on the sidelines of Renergy 2012, a conference-cum-exhibition event organised in Chennai by the Tamil Nadu Energy Development Agency (TEDA), the company’s senior vice-president – (finance), Hemanth [...]
CERC may extend RECs to rooftop solar power plants
The Central Electricity Regulatory Commission is planning to extend the ‘REC scheme’ to rooftop solar power plants. RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those who generate electricity from renewable sources such as wind, biomass, hydro and solar, if they opt not to sell the electricity at a preferentially higher tariff. These [...]
REC trading crosses 20,000 mark
Trading in ‘renewable energy certificates’ (REC) touched a new watermark on Wednesday. For the first time the volumes crossed the 200,000-mark. However, the trend in demand and prices have left market watchers disappointed. As many as 206,188 RECs were traded on Wednesday, of a total value of Rs 62 crore. On the Indian Energy Exchange, [...]