rec

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REC Invites Bids for Land Due Diligence of 150 MW Solar Project

REC Limited has invited bids to engage lenders’ legal counsel to carry out the land due diligence of 603 acres of land offered by Adani Solar Energy RJ Two as...

August 2, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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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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