SUBSCRIBE NEWS LETTER

Renewable Energy Certificates

Cleantech Solar Reaches Commercial Operation for Maiden VPPA

Cleantech Solar, a firm the provides renewable energy solutions to corporations in India and Southeast Asia, has revealed that the commercial operation of its maiden Virtual Power Purchase Agreement (VPPA) has begun. This is among the first VPPA plants to be operational in India. The power generated from the operating solar power plant in India, […]

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Sikkim, Himachal, Chandigarh Top Performers In RPO Compliances

A latest data from the Ministry of Power claimed that Sikkim, Himachal Pradesh, Chandigarh and Uttarakhand emerged as the best performing states in terms of their compliances towards Renewable Purchase Obligations (RPOs). The data was shared today by Union Minister of Power RK Singh today before the Lok Sabha. According to the data shared by […]

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IEX Reports 8% Rise In Net Profit In Q1 On YoY

The Indian Energy Exchange (IEX) has announced its financial results for Q1 of FY 24. The overall picture of the report revealed that while the leading Indian energy exchange firm witnessed a rise in its income and net profit on a year-on-year basis, its income and net profit plunged on Quarter-on-Quarter (QoQ) basis.  The unaudited […]

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CERC Allows HPX To Introduce HP-DAM, HP-TAM & HP Contingency

The Central Electricity Regulatory Commission (CERC), in its latest order, allowed a petition by the Hindustan Power Exchange (HPX) to introduce High Price (HP) Day-Ahead Market (DAM), HP-TAM (Term-Ahead Market) and HP Contingency. HPX is one of India’s three operational power exchanges besides IEX and PXIL. Earlier, the CERC had approved the pleas of IEX and […]

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IEX Sees 8% Volume Increase YoY in June ’23 to Reach 8946 MU

Indian Energy Exchange (IEX), India’s premier energy exchange, achieved 8946 MU overall volume in June 2023, including green market trade of 272 MU, 5.33 lac RECs (equivalent to 533 MU) and 2.44 lac ESCerts (equivalent to 244 MU). The overall volume during the month was higher 8% on YoY basis. IEX achieved 25,125 MU volume […]

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HPX crosses 5 Billion Units Of Trade In 11 Months Post Launch

India’s third power exchange, Hindustan Power Exchange Ltd. (HPX), has successfully crossed the milestone of 5 Billion Units of power traded within 11 months of its launch. HPX was able to cross this landmark with a rapid increase in trade volume across Contingency and Long Duration Contracts (LDC) segments. The strong growth in members/client base […]

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Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May

In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […]

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IEX Dividend At Rs 1 per Share; Net Profit At Rs 88 Cr

Trading platform for physical delivery of electricity, renewable power, renewable energy certificates, and energy saving certificates, Indian Energy Exchange (IEX) has announced its financial results for the fourth quarter (Q4) and the year ended March 31, 2023 (FY23). During Q4 FY’23, IEX achieved an overall volume of 26 Billion Units (BUs), registering a 7.9% QoQ growth. In […]

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CERC Directs Delhi International Airport Ltd to Apply for Fresh Accreditation for RE Certificate

The Central Electrcity Regulatory Commission has approved the plea of Delhi International Airport Limited (DIAL) seeking relaxation of Renewable Energy Certificate (REC) norms owing to change in legal status. It has directed DIAL to apply afresh for accreditation and registration of REC. The petition by DIAL had been filed against the National Load Despatch Centre […]

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