rec

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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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Staff

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Markets & Policy

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Solar
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Daily News Wrap-Up: No Penalties for Renewable Power Supply Commencement Delays

The Ministry of Power has amended the guidelines to the tariff-based competitive bidding process for the procurement of firm and dispatchable renewable power from...

February 7, 2024

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Mercom Staff

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Daily Wrap-up
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IEX Trades 1.52 Million Renewable Energy Certificates in January, Up 285% YoY

The Indian Energy Exchange (IEX) traded 1.52 million renewable energy certificates (RECs), equivalent to 1,520 million units (MU), in January 2024 at a clearance price...

February 6, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Month in a Minute: Top Headlines from Indian Renewable Sector in January 2024

Global corporate funding in the solar sector in 2023, including venture capital (VC) investments, public market funding, and debt financing, reached $34.3 billion, a 42%...

February 1, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Private DISCOMs Top Consumer Satisfaction Ratings for FY 2022-23

Only four distribution companies (DISCOMs) out of 62 scored an A+ rating in an assessment of consumer service performance conducted by the Ministry of Power and REC...

January 22, 2024

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Staff

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Other

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Renewable Energy
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Daily News Wrap-Up: SECI Tenders 1.5 GW ISTS Solar Projects

The Solar Energy Corporation of India has invited bids to set up 1,500 MW inter-state transmission system (ISTS)-connected solar power projects in India under Tranche...

January 22, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: RUMSL’s Tender for 400 MW Renewable Power

Rewa Ultra Mega Solar has issued a tender to procure 400 MW firm and dispatchable grid-connected renewable power. To meet the supply obligations, selected bidders must...

January 16, 2024

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Mercom Staff

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Daily Wrap-up
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Renewable Energy Trading on IEX Fell 38% YoY in December to 232 MU

The Indian Energy Exchange (IEX) traded 232 million units (MU) of green energy in December 2023, a 38% year-over-year (YoY) drop from 377 MU. The segment achieved a...

January 4, 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: Punjab Floats 100 MW Solar Tender with Transmission

The Punjab State Power Corporation (PSPCL) invited bids to set up 100 MW solar projects and the associated transmission system in Bathinda. The last date to submit the...

December 12, 2023

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Staff

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Daily Wrap-up
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RECPDCL Invites Bids for 250 MW Solar Projects with Greenshoe Option

REC Power Development and Consultancy (RECPDCL) has floated a tender to set up 250 MW Inter-State Transmission System (ISTS)-connected solar power projects anywhere in...

December 6, 2023

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: SJVN’s Tender to Acquire Land for 1 GW Solar Projects

SJVN Green Energy, a subsidiary of SJVN, has invited bids to acquire or lease 4,000 acres of land for 28 years with all statutory clearances, including chain link...

December 4, 2023

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Mercom Staff

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Daily Wrap-up
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REC to Infuse Equity Investment of ₹142.5 Million into Hindustan Power Exchange

Government-owned infrastructure finance company REC Limited’s board of directors has approved an equity investment of ₹142.5 million (~$1.7 million) in Hindustan Power...

December 1, 2023

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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Green Energy Trading Takes a Hit in 2023

Renewable energy trading at the Indian Energy Exchange (IEX) in 2023 so far has seen a considerable drop compared to 2022, with the traded energy reaching its lowest in...

November 27, 2023

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Satish Shetty

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Mercom Research Focus

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Other

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Renewable Energy
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IEX Records Lowest Green Energy Trade in 2023 at 188 MU in October, 53% YoY Drop

The renewable energy units traded at the Indian Energy Exchange (IEX) in October 2023 dropped further to 188 million units (MU), the lowest recorded in 2023, a 53.35%...

November 9, 2023

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Satish Shetty

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Other

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Renewable Energy

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