Tag Archives: REC

Rebooting Renewable Energy Certificates for a Balanced Energy Transition in India

Posted on August 28, 2022 by Now.Solar

CEEW Centre for Energy Finance The CEEW Centre for Energy Finance (CEEW-CEF) is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s leading think tanks.CEEW-CEF acts as a non-partisan market observer and driver that monitors, … Continue reading →

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10 years of R&D spending analysis of 12 key PV module manufacturers

Posted on September 26, 2017 by Ritesh Pothan

 A technology buy cycle driven by PERC technology is keeping R&D spending high. Image: Fraunhofer ISE R&D spending patterns Combined R&D expenditures of 12 major PV module manufacturers in 2016, tracked since 2007, declined by approximately 4.4% in 2016 to … Continue reading →

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(REC) Renewable energy certificates, battling declining demand, could be scrapped

Posted on September 26, 2016 by Ritesh Pothan

Renewable energy certificates, battling declining demand, could be scrapped, officials said. The industry, however, sees a turnaround by 2017-18 and does not want the certificates to meet the fate of carbon credits The market for these certificates, launched in 2010, … Continue reading →

Posted in CERC, Climate Change, Government, Grid Interactive Distributed Solar Energy Systems, India, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Solar, Solar Policy | Tagged , , , , , , , , , , , | Leave a comment

Central Electricity Regulatory Commission hereby makes the following regulations to amend the Central Electricity Regulatory Commission (Terms and Conditions for recognition and issuance of Renewable Energy Certificate for Renewable Energy Generation) Regulations, 2010

Posted on April 14, 2016 by Ritesh Pothan

Terms and Conditions for recognition and issuance of Renewable Energy Certificate for Renewable Energy Generation) Regulations, 2010 CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI  Dated: 28th March, 2016   NOTIFICATION No. L-1/12/2010-CERC: In exercise of powers conferred under Section 178 of the Electricity … Continue reading →

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Determination of tariff for Grid Interactive Megawatt scale Solar Power Plants – KARNATAKA ELECTRICITY REGULATORY COMMISSION

Posted on August 24, 2015 by Ritesh Pothan

On the basis of the approved parameters, the Commission hereby approves the following tariff: Type of Solar Plant Approved Tariff in Rs/Unit Solar PV Power Plants 6.51 Solar Thermal Power Plants 10.85 This Order is signed and issued by Karnataka … Continue reading →

Posted in CERC, Climate Change, Government, Grid Connected, India, Karnataka, PV, Renewables, Solar, Solar Policy | Tagged , , , , , , , , , , , , , , | Leave a comment

Draft Central Electricity Regulatory Commission (Terms and Conditions for recognition and issuance of Renewable Energy Certificate for Renewable Energy Generation) (Fifth Amendment) Regulations, 2015

Posted on July 13, 2015 by Ritesh Pothan

CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Dated: 26th June, 2015 DRAFT NOTIFICATION No. L-1/12/2010-CERC: In exercise of powers conferred under Section 178 of the Electricity Act, 2003 (36 of 2003) and all other powers enabling it in this behalf, and … Continue reading →

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CERC announces draft for revamp of Solar RECs in a welcome move to make it bankable

Posted on October 6, 2014 by Ritesh Pothan

CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No. SM/016/2014 (Suo Motu) Date of order: 30th September, 2014 Coram:                               Shri Gireesh B. Pradhan, Chairperson Shri M. Deena Dayalan, Member Shri A.K. Singhal, Member Shri A.S. Bakshi, Member ORDER IN THE MATTER … Continue reading →

Posted in CERC, Climate Change, CSP, DISCOM, Grid Interactive Distributed Solar Energy Systems, India, Power Generation, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Solar | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Tata Power gets approval to postpone solar target until 2016

Posted on December 28, 2013 by Ritesh Pothan

Maharashtra Electricity Regulatory Commission allows Tata Power to postpone solar targets till 2016 Tata Power has been unable since 2010 to source enough solar power to meet government renewable mandates because of a shortage of sun-based generation in the country. … Continue reading →

Posted in DISCOM, Grid Connected, Maharashtra, MERC, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables | Tagged , , , , , , , , , , | Leave a comment

REC turns profitable as PV module plant at full capacity

Posted on July 24, 2013 by Ritesh Pothan

REC reported second quarter 2013 revenue of NOK 1,544 million (US$ 257.3 million), a 21% increase over the prior quarter. The company posted a positive EBITDA of NOK 152 million (US$25.3 million) in the quarter, marking a return to an … Continue reading →

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REC July 2013 Amendment brings only minor changes, a major disappointment for Renewable Energy Developers

Posted on July 15, 2013 by Ritesh Pothan

Central Electricity Regulatory Commission (Terms and Conditions for recognition and issuance of Renewable Energy Certificate for Renewable Energy Generation) (Second Amendment) Regulations, 2013. Click here for the notification Click here for the Statement of Reason Below the Gist of the … Continue reading →

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Why are we surprised that only 25% Solar RECs sold and that too at floor price!

Posted on June 30, 2013 by Ritesh Pothan

Natgrp: If you are indeed surprised, then a must read would be my article of May 2011 which predicted the very same scenario we have seen unfolding over the past years. Click Here for the full article India Solar Credits … Continue reading →

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2nd Workshop On “Challenges and Issues in Solar RPO Compliance/REC’s” December, 2012

Posted on May 3, 2013 by Ritesh Pothan

Natgrp: This workshop had some very useful presentation on numbers behind REC and RPO as well as valuable information on certain states compliance rules. Proceedings of the Workshop Inaugural Session Mr. Tarun Kapoor (Joint Secretary, Ministry of New and Renewable … Continue reading →

Posted in Crystalline, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Solar | Tagged , , , , , , , , , , , , , | Leave a comment

REC suggestions jointly submitted by Solar Energy Association of Gujarat and Natural Group

Posted on May 2, 2013 by Ritesh Pothan

REC modification suggestions were jointly submitted by Solar Energy Association of Gujarat and Natural Group to ensure the future of Solar in India. These suggestions will also be discussed by Shri Pranav Gupta and Ritesh Pothan on the panel chaired by CERC … Continue reading →

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Solar RPO and REC Framework by MNRE – March 2013, everything you wanted to know about RPO and REC in detail

Posted on May 2, 2013 by Ritesh Pothan

Among the various renewable energy resources, solar energy potential is the highest in the country. In most parts of India, clear sunny weather is experienced 250 to 300 days a year. The annual radiation varies from 1600 to 2200 kWh/m2, … Continue reading →

Posted in Crystalline, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Solar | Tagged , , , , , , , , , , , , , , , | 3 Comments

Spinning mills’ body files case against TN solar policy

Posted on April 22, 2013 by Ritesh Pothan

The Tamilnadu Spinning Mills’ Association has filed a petition with the Appellate Tribunal for Electricity asking the Tribunal to declare Tamil Nadu Government-imposed ‘solar purchase obligation’ null and void. (Above) Houses constructed under the Chief Minister’s Solar Powered Green House … Continue reading →

Posted in Crystalline, PV, Renewable Purchase Obligation, Renewables, Rooftop, Solar, Solar Policy, Tamil Nadu, Thin Film | Tagged , , , , , , , , , , , , , , | 1 Comment

Draft CERC T&C for Renewable Energy Certificates (Second Amendment) Regulations, 2013 – suggestions latest by 25th April 2013

Posted on April 3, 2013 by Ritesh Pothan

No.L‐1/12/2010‐CERC. PUBLIC NOTICE 1. In exercise of powers conferred under section 178 of the Electricity Act, 2003 (the Act), the Commission has made draft Central Electricity Regulatory Commission (Terms and Conditions for recognition and issuance of Renewable Energy Certificate for … Continue reading →

Posted in Biomass, CERC, CPV, Crystalline, CSP, Geothermal, Hydro, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Rooftop, Solar, Solar Thermal, Thin Film, Tidal, Transmission and Distribution, Waste, Wind | Tagged , , , , , , , , | 2 Comments

Gujarat to promote solar power under REC mechanism

Posted on January 15, 2013 by Ritesh Pothan

Apex state power utility Gujarat Urja Vikas Nigam Limited (GUVNL) is going to ink power purchase agreements with solar project developers under renewable energy certificate mechanism soon. The process for the same will start from next month. The state nodal agency for … Continue reading →

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Suggestions / Recommendations for CERC Hearing on the 15th of January 2013

Posted on December 31, 2012 by Ritesh Pothan

By Ritesh Pothan CERC, the governing body for electricity in India had instituted the REC mechanism for the balancing and motivation of renewable energy systems in India which is now facing a crisis due to the reluctance of DISCOMS to … Continue reading →

Posted in Biomass, CSP, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Solar | Tagged , , , , , , , , , , , | 6 Comments

Tata Power, RInfra defer RPO targets to the next year saying no RECs available

Posted on December 22, 2012 by Ritesh Pothan

Private utilities Tata Power and Reliance Infrastructure (RInfra) have blamed inordinate delays in commissioning of solar projects for their failure to meet the solar renewable purchase obligation (RPO) targets for the last two completed fiscals. The companies, in separate representations, informed the sectoral regulator MERC in October they could not … Continue reading →

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Hearing to extend REC validity on the 15th of January 2013, be there to make sure that your REC’s life and subsequent sale is assured

Posted on December 21, 2012 by Ritesh Pothan

CENTRAL ELECTRICITY REGULATORY COMMISSION NEW DELHI Petition No 266/SM/2012 Date of Order: 19/12/2012 Coram: Dr. Pramod Deo, Chairperson Shri S. Jayaraman Shri V.S. Verma, Member Shri M. Deena Dayalan, Member Date of Order : 19.12.2012 In the matter of: Extension … Continue reading →

Posted in MNRE, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Renewables, Solar, Wind | Tagged , , , , , , , , , , , | 2 Comments

Renewable energy certificate market crashes as state distribution utilities fail to meet norms

Posted on November 23, 2012 by Ritesh Pothan

Prices of these renewable energy certificates have dropped 45% in the past year because of paucity of buyers and as sellers keep off awaiting better prices   A fledgling market in clean energy certificates has crashed as state distribution utilities have failed to honour … Continue reading →

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The next step in Metros’s: Delhi to source 9% from Renewables

Posted on October 6, 2012 by Ritesh Pothan

Taking Delhi’s climate change agenda forward, the power regulator has mandated that in the next five years, 9% of Delhi’s power supply will come through renewable sources. The renewable purchase obligation (RPO), under which discoms will have to source a specific amount … Continue reading →

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Look like no one’s buying RECs this September

Posted on October 4, 2012 by Ritesh Pothan

Non-solar RECs Prices remained at floor price this month as supply has remained far in excess of demand. The over-supply situation has persisted for the last few months – this month 7.11 lakh RECs were bid for sale (up 13% … Continue reading →

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Renewable energy trade picks up speed in India

Posted on September 23, 2012 by Ritesh Pothan

Renewable Energy Certificate (REC) trade —  a mechanism to trade renewable energy including solar, wind, biomass and small hydro projects on platforms similar to stock exchanges — is slowly gaining ground in India. REC trade, which began in India in … Continue reading →

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Gujarat Solar RPO (Renewable Purchase Obligation) Compliance – Torrent Power & GUVNL

Posted on September 23, 2012 by Ritesh Pothan

  Torrent Power Ltd. Total Consumption including T & D losses, 9565.81 Mus Source RPO % MUs Required to fulfill RPO MUs purchased % MUs purchased against required % RPO fulfilled   Wind 5 478.29 103.45 21.63 1.08   Solar 0.5 … Continue reading →

Posted in Gujarat, PV, Renewable Energy Certificates, Renewable Purchase Obligation, Solar, Transmission and Distribution | Tagged , , , , , , , | Leave a comment

Hindustan Zinc, Ambuja Ordered to Pay Clean-Energy Fines using Renewable Energy Certificates

Posted on September 13, 2012 by Ritesh Pothan

Click here for Judgement of Rajasthan High Court on RPO REC An Indian court ordered companies including units of billionaire Anil Agarwal’s Vedanta Resources Plc (VED) and Switzerland’s Holcim Ltd. (HOLN) to pay penalties for failing to meet clean-energy obligations at power plants they operate. Two … Continue reading →

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Solar Capacity requirement for Captive Compliance Requirement

Posted on September 10, 2012 by Ritesh Pothan

  Company Name Captive Power Capacity (MW) Solar Capacity Required  for solar RPO compliance (MW) in 2012-13 J.K. Lakshmi Cement Ltd. 93.00 3.00 Indian Petrochemical Company Ltd. 257.00 3.40 Bharat Petroleum Corporation Ltd. 189.00 4.00 Wardha Power Company Ltd. 405.00 … Continue reading →

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State Solar RPO Compliance – MNRE

Posted on September 4, 2012 by Ritesh Pothan
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Current status of JNNSM Phase-I – IREDA

Posted on September 2, 2012 by Ritesh Pothan

Scheme / Technology Projects allotted (no.) Capacity (MW) Projects commissioned (no.) Capacity (MW) Batch I Large scale PV 28* 140.00 25 125.00 Migration scheme (PV) 13 54.00 11 48.00 Migration Scheme (Thermal) 3 30.00 1** 2.50 RPSSGP 78 98.05 65 … Continue reading →

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REC entering dangerous territory with demand half that of availability

Posted on July 27, 2012 by Ritesh Pothan

The REC availability is now almost twice the monthly demand which could result in a cashflow issue for generators Month, Year Opening Balance REC Issued REC Redeemed Closing Balance Aug, 2011 36480 31813 25096 43197 Sep, 2011 43197 74612 46362 … Continue reading →

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Top 5 predictions for Solar PV in India for the year 2012 – Ritesh Pothan

Posted on June 29, 2012 by Ritesh Pothan

There is a good amount of confusion reigning in the Solar PV arena and this post is to help clear up the air. I cannot guarantee the veracity of this post as the predictions are based on past inputs and … Continue reading →

Posted in JNNSM, Renewables, Solar | Tagged , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Is the answer to India’s energy future blowing in the Wind? – by Ritesh Pothan

Posted on June 22, 2012 by Ritesh Pothan

Ritesh Pothan offer us an in-depth analysis of the wind industry present and future in India. “Wind is still considered an area of growth by the MNRE however the situation on the ground is a different story,” says Ritesh. “There … Continue reading →

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Only 10 Solar REC’s traded for the1st time

Posted on June 1, 2012 by Ritesh Pothan

As many as 168,685 renewable energy certificates were traded on the two power exchanges on Wednesday 30 May 2012. The trading session (that is, for May) also saw the first solar RECs traded on the markets. (RECs are generation-based ‘certificates’ … Continue reading →

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Brief update on Key Presenters at the WRETC 2012 – New Delhi

Posted on April 25, 2012 by Ritesh Pothan

Tarun Kapoor – Joint Secretary MNRE had this to say MNRE is working on monitoring RPO by pushing DISCOMs and States but there is confusion on the purchase of RPOs. The purchasers are focusing on the statement that purchases can … Continue reading →

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Solar success depends on enforcement of renewable purchase obligation: Gireesh Pradhan

Posted on April 1, 2012 by Ritesh Pothan

REC’s still a tough push – Secretary MNRE Mr Gireesh B. Pradhan, Secretary, Ministry of New and Renewable Energy (MNRE), was overheard today as saying that he found himself in the “right ministry” – a fact that indicates that the … Continue reading →

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Events: Wind IPP Summit: 2012 – Scale, Offshore and Repowering: Building Future Wind Capacity

Posted on November 30, 2011 by Ritesh Pothan

Wind IPP Summit: 2012 – Scale, Offshore and Repowering: Building Future Wind Capacity  17 – 18 January, 2012, Mumbai, India Wind energy is the largest source of renewable energy in India. Wind power in India has shown sharp growth, with … Continue reading →

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Australian Carbon Tax Legislation has now been passed and will convert into an emissions trading system in 2015

Posted on November 15, 2011 by Ritesh Pothan

For all those Renewable Energy Projects who have written off carbon credits as a funding mechanism should take heart in the form of the Australian Carbon Tax legislation which allows for purchase of carbon credits from outside Australia post 2015, … Continue reading →

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New REC forebearance price target for next control period beginning 1st April 2012 announced

Posted on June 29, 2011 by Ritesh Pothan

A new order released by the Central Energy Regulatory Commision (CERC) has reduced the REC prices for both Solar and Non-Solar Renewable Energy Certificates (REC) with effect from 1st April 2012. The most significant reduction is of the Solar REC forbearance prices … Continue reading →

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My blog will now also be available at http://renewableenergymagazine.com

Posted on May 31, 2011 by Ritesh Pothan

Any new articles I write, will now be posted a couple of weeks earlier on Renewable Energy Magazine before they are posted here. Please do visit The Renewable Energy Magazine website for the latest articles Regards Ritesh

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Will REC’s be the solution for grid based renewable projects in India

Posted on May 21, 2011 by Ritesh Pothan

The REC (Renewable Energy Certificate) mechanism was introduced last year with the intent to subsidize the market for renewable energy power though these certificates have only started trading in the month of March 2011. There have been numerous conferences on … Continue reading →

Posted in Biomass, Hydro, Renewables, Solar, Wind | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 17 Comments