rec

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IEX’s Revenue for FY23 Dips 2% YoY to ₹4.7 Billion, Trades 97 BU

The Indian Energy Exchange (IEX) has reported a profit after tax (PAT) of ₹883 million (~$10.7 million), a slight decrease of 0.1% year-on-year (YoY) in the fourth...

May 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC’s Q4 Net Profit Rises 31% to ₹30 Billion on Improved Asset Quality

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹30 billion (~$363.6 million) in the fourth quarter (Q4) of the financial year...

May 18, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Bayer to Buy 1.4 TWh Renewable Energy from Cat Creek

Pharmaceutical and biotechnology company Bayer and independent power producer Cat Creek Energy have inked a long-term renewable energy credit purchase agreement to...

May 5, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IEX Trades 280 MU of Green Energy in April 2023, Down 16% YoY

The Indian Energy Exchange (IEX) traded 280 million units (MU) of renewable energy in April 2023, a decline of 16% year-over-year (YoY) and 28% month-over-month. The...

May 4, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC Lists $750 Million Green Bonds at IFSC Stock Exchanges

The government-owned power sector lender REC listed its recently issued green bonds, which raised $750 million under its global medium-term program of $7 billion, at the...

May 3, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: ENGIE, ReNew, NTPC Won REC’s 1,250 MW Solar Auction

Solairedirect Energy India (ENGIE), ReNew Solar Power, and NTPC Renewable Energy won REC Power Development and Consultancy’s auction to develop 1,250 MW inter-state...

April 7, 2023

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Mercom India

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Daily Wrap-up
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ReNew and Avaada Win Government’s 500 MW Solar Auction

ReNew Solar Power and Avaada Energy have won REC Power Development and Consultancy’s (RECPDCL) auction to supply 500 MW of power from interstate transmission system...

April 6, 2023

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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REC Issues $750 Million Bonds to Fund Green Energy Infrastructure Projects

Government-owned infrastructure finance company REC has issued green bonds worth $750 million under its $7 billion Global Medium Term Note Program. The bonds carry an...

April 6, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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IEX Traded 341 MU of Green Energy in February 2023, Down 25% YoY

The Indian Energy Exchange (IEX) traded 341 million units (MU) of renewable energy in February 2023, a 2% decrease month-over-month (MoM) compared to 347 MU traded in...

March 6, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IEX Traded 347 MU of Green Energy in January 2023, Up 24% YoY

The Indian Energy Exchange (IEX) traded 347 million units (MU) of renewable energy in January 2023, an increase of 24% year-over-year (YoY). However, the volume declined...

February 6, 2023

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Satish Shetty

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Markets & Policy

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Other

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Renewable Energy
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IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51...

January 23, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Renewable Energy Trading on IEX Increases by 6% MoM in December

The Indian Energy Exchange (IEX) traded 377 million units (MU) of renewable energy in December 2022, an 6% increase month-over-month (MoM) compared to 354 MU traded in...

January 3, 2023

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Arjun Joshi

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Other

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Renewable Energy
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REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

The Renewable Energy Certificates (RECs) trading on Wednesday saw a clearing price of ₹1,000 (~$12.08)/REC being discovered in the first session at the Indian Energy...

December 28, 2022

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Satish Shetty

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Other

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Renewable Energy
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Delhi High Court Suspends Renewable Energy Certificate Trading for Six Weeks

The Delhi High Court has suspended the trading of renewable energy certificates (RECs) issued before October 31, 2022, for six weeks. The order came in response to...

December 23, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Central Regulator Allows Multifold Jump in REC-related Administrative Fees

The Central Electricity Regulatory Commission (CERC) announced massive surges in the applicable charges for various services involved in Renewable Energy Certificate...

December 19, 2022

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Satish Shetty

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Other

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Renewable Energy

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