Another 500 MW Solar Tender in TN Tamil Nadu has suddenly become power surplus after being chronically deficit in power generation for most of its life. The state which is highly industrially developed does not have too much coal and suffered due to a lack of transmission capacity from coal rich eastern and northern regions […]
REC in India The Renewable Energy Certificate (REC) scheme is the major policy initiative taken by the central government to use a market based mechanism, to promote green energy in India and meet the target of 15% green energy generation by 2020. However, the REC market has become inoperable in recent times as utilities and companies are […]
Tamil Nadu has been at the forefront of green energy generation in India, with almost half of the country’s wind energy capacity. The state has also taken a lead in solar energy generation, by planning for 1 GW of solar capacity to be built during each of the next 3 years. The state’s transmission network […]
Indian Renewable Energy Mandate not Met India’s much hyped market based renewable energy incentive system of “Renewable Energy Certificate” (REC) has crashed. The REC market which started in 2012 at two power exchanges had initially shown a lot of promise with increasing volumes. It had offered a market based remuneration system for renewable energy developers […]
Renewable Energy Certificate Policy in India which was unfurled with great fanfare in 2011 is suffering because of a lack of enforcement from states. According to the RPO, a certain percentage of a state’s electricity generation must come from clean energy sources. States and utilities which can’t meet their renewable energy requirements can buy REC […]
Renewable Energy Certificate Renewable Energy Certificate prices in India are showing massive volatility with prices going down by almost 20% in one month as supply exceeded demand. Note the REC market in India is relatively young and is traded on just 2 exchanges. The frequency is just once a month as volumes remain low with […]