REC

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The first REC trading session of 2nd  Quarter of 2013-14 concluded on 31st of July 2013, has witnessed an ascending trend in the buyer’s participation for both Solar and Non-Solar  REC Market. The ongoing hearing at APTEL  where the petition for Non-Compliance of RPO has been filed by both the Wind and the Hydro Association of […]

Higher tariff to wind power producers in Karnataka

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Wind power producers in Karnataka who prefer to sell their electricity to the State’s distribution companies at a non-preferential tariff and avail themselves of ‘renewable energy certificates’ (REC), are to be paid a higher tariff. This is because of the decision of the Karnataka Electricity Regulatory Commission to hike the ‘average pooled purchase cost (APPC)’ […]

Solar REC remain unsold –where we are heading?

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Yesterday the solar REC trading disappointed many investors as there was a supply of 5932 against a demand of 1479. The oversupply of REC brought the market clearance price at 9300 Rs/REC which is the floor price of solar REC. On one side there already about 100 MW solar capacity has come up under rec […]

REC Trade Report: May 2013

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The 27th trading session of REC ended in a big disappointment for Solar REC’s. Solar REC market is down by 23.18% in clearing volume with respect to previous trading session. The market however welcomed and showed steeped rise in transaction of Non-Solar REC with its market rising by 19.14 with respect to previous session, the […]

Renewable Energy Corporation Pvt .Ltd bags 72 MW multiple solar projects in Thailand

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One of the leading global provider of solar solutions Renewable Energy Corporation Pvt.Ltd,India (REC) recently announced that it will deliver 72 MW of solar panels for the construction of six solar power plants in Thailand, to be located in Nakhon Pathom and Suphan Buri provinces.The officials stated that they have considerably worked towards making REC visibly in the growing […]

REC hits forbearance price

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Since the inception of Solar REC’s trading, this is the first time they have touched the forbearance price, which is a good news. The trading volume this month increased by 42%. On the Indian Energy Exchanged Ltd.(IEX, New Delhi)  it is trading at 14,200 INR and on Power Exchange India Ltd. (PXIL, Mumbai) at 13,000 […]

CERC proposes amendment to REC regulation

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Gist of the proposed amendments: Power sold at “APPC” will be eligible for REC rather than at present or below APPC. This will help in maintaining equilibrium. As a penalty for disqualification for RE captives from REC mechanism, removal of ‘waiver of electricity tax’. RE projects that do not fall under category of a captive generating […]

Solar RECs price trends

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Demand and supply of solar RECs has reduced in the month of December. However, the market clearing price of solar RECs was Rs.12,620 at the Indian Energy Exchange (IEX) and Rs.12,100 at Power Exchange India Limited(PXIL). The figure below shows the market clearing price trends of solar RECs traded at IEX and PXIL over the […]