Tag Archives: solar rec

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

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

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

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

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

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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Look like no one’s buying RECs this September

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

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

  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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Only 10 Solar REC’s traded for the1st time

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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