rec

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REC Secures $200 Million Green Loan from Deutsche Bank

Public infrastructure finance company REC Limited has secured a green loan of JPY31.96 billion (~$200 million) from Deutsche Bank‘s GIFT City branch to fund green...

July 11, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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Green Energy Trade at IEX Up 173% YoY in June, REC Prices Tumble

The Indian Energy Exchange (IEX) traded 744 million units (MU) of green energy in June 2024, a 173.4% year-over-year (YoY) increase from 272 MU. The segment recorded a...

July 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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CERC Grants License for Evacuation of 1 GW Renewable Energy in Madhya Pradesh

The Central Electricity Regulatory Commission (CERC) has directed that a transmission license be granted to Pachora Power Transmission to establish the Transmission...

June 21, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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REC Trading on IEX Surges 640% YoY as Price Drops to Record Low

The Indian Energy Exchange (IEX) reported a total traded volume of 10,633 million units (MU) in May 2024, a 28.9% increase from the previous year. A volume of 622.2 MU...

June 6, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Appalachian Power Issues Tenders to Procure 1.1 GW of Renewable Energy

U.S.-based Appalachian Power (APCo) has issued three requests for proposals (RfP) to procure power and renewable energy certificates (RECs) from wind and solar power...

May 22, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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PM Surya Ghar Program: MNRE Announces New Vendor Registration Guidelines

The Ministry of New and Renewable Energy (MNRE) has announced new guidelines for vendor registration under the recently approved PM Surya Ghar: Muft Bijli Yojana rooftop...

May 8, 2024

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Arshreet Singh

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Markets & Policy

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Rooftop

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Solar
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Green Energy Trade at IEX Up by 44% in April, REC Prices Plummet by 80%

The Indian Energy Exchange (IEX) traded 402 million units (MU) of green energy in April 2024, a 44% year-over-year (YoY) increase from 280 MU. The Exchange, in total,...

May 3, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: SJVN’s Tender for 1.2 GW Solar Projects Across India

SJVN has invited bids from developers to set up 1.2 GW interstate transmission system-connected solar power projects anywhere in India under tariff-based competitive...

May 3, 2024

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Mercom Staff

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Daily Wrap-up
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REC’s Q4 Net Profit Up by 33% to ₹41 Billion, Loan Approvals for Renewables Surge

Public infrastructure finance company REC Limited recorded a total income of ₹127.07 billion (~$1.52 billion) for the fourth quarter (Q4) of the financial year (FY)...

May 2, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27...

April 29, 2024

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Mercom Staff

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Daily Wrap-up
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RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

REC Power Development and Consultancy (RECPDCL) has floated a tender to set up 223 MW Inter-State Transmission System (ISTS)-connected solar power projects anywhere in...

April 19, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: REC Records Highest-Ever Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year 2023-24, a...

April 11, 2024

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Mercom Staff

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Daily Wrap-up
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REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24,...

April 10, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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IEX Trades 298 MU Green Energy in February, REC Volume Falls 60% MoM

The Indian Energy Exchange (IEX) traded 298 million units (MU) of green energy during February 2024, a 12.61% year-over-year (YoY) drop from 341 MU. The green energy...

March 7, 2024

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Satish Shetty

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Other

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Renewable Energy
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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

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Arshreet Singh

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Markets & Policy

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Solar

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