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    12.88 lakh RECs traded in January: IEX

    According to reports, power exchange IEX today said that a total of 12.88 lakh renewable energy certificates (RECs) were traded in January. “A total of 12.88 lakh RECs were traded in the REC trading session held on January 25, 2017 at IEX,” it said in a statement. Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions. RECs are aimed at providing ... Read More »

    NEXTracker to invest $4-5 m to set up manufacturing facility

    According to reports, US-based solar tracker and energy storage giant NEXTracker will be setting up a 500 MW manufacturing facility in North India, according to top company representatives. Speaking to BusinessLine, Vice President, Emerging Markets, NEXTracker, Nava Akkeneni, said: “The project plan is in the final stages of completion. We envisage an investment of $4-5 million for the project.” The company will be making solar trackers for the domestic as well as export markets. These trackers are critical in solar ... Read More »

    Gujarat discoms fail to meet purchase target for renewable power

    According to reports, Gujarat Urja Vikas Nigam Ltd (GUVNL) affiliated four distribution companies (discoms) fell short of purchasing required renewable energy in 2015-16 on account of low supply of power from wind and other renewable energy sources. Under the Renewable Purchase Obligation (RPO), a distribution company is mandated to buy electricity from renewable energy at a defined minimum percentage of the total consumption of its consumers. The RPO target for 2015-16 was 9% (7% from wind, 1.5% from solar and ... Read More »

    Orient Green Power enters into SPA

    According to reports, Orient Green Power Company,  has entered into a Share Purchase Agreement with Sindicatum Captive Energy Singapore Pte., at a consideration of Rs 81 crore. The stock of the company in the last one year has fallen by 21.63%. Four Mutual Fund houses have invested in the stock of the company, which are Reliance, Edelweiss, Escorts and Sahara Mutual Fund. The company is the largest operator and developer of renewable energy power plants in India, which are based on ... Read More »

    How brightly will the sun shine when budget 2017 comes out?

    According to reports, “Our stated policy is to avoid sudden surprises and instability in tax policy”, the finance minister famously said in his 2015 budget speech. It is ironical that the country witnessed the biggest surprise in many decades in the form of demonetisation announcement on November 8, 2016. For the renewables energy, it has been a fairly consistent and bullish story, especially as far as the solar sector is concerned. Not only did we touch 10 GW installed capacity ... Read More »

    Piyush Goyal says smart meters a game changer in long run

    According to reports,  power, coal, renewable energy and mines minister Piyush Goyal today said smart meters can be a game changer when it comes to planning the electricity sector in the long run. Speaking at the inauguration of Indian Electrical & Electronics Manufacturers’ Association’s three day conference – INTELECT 2017 and DISTRIBUELEC, Goyal said India is world’s largest market for this sector. “We have billion people aspiring for better quality of life and have an nascent and latent energy demand which ... Read More »

    This summer, Kochi school to go solar

    According to reports, the Mar Thoma Education Trust, which runs two educational institutions in the city, plans to go solar this summer. The Mar Thoma Public School at Edachira near Kakkanad accommodates 1,500 students and consumes an average of 65kW per month. The trust plans to introduce rooftop panels in the school and the Marthoma School of Management Studies, and have invited quotations for setting up solar panels that can generate up to 100kW. “The solar initiative of the Cochin ... Read More »

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