open access - reconnect energy · 2019-07-18 · the gujarat electricity regulatory commission...

OPEN ACCESS

January 2015

Volume - 47

Wind Facilitator of the Year & REC Facilitator of the Year

From Management‘s Desk

President Obama and PM Modi brought Renewable Energy to

the front pages and centre-stage this month. The government

has set ambitious targets for RE growth in the country – it aims

to reach 100,000 MW from solar by 2019. A key route to

achieve that target will be roof-top solar, which will enable

every household to participate and become a RE generator.

Over the last several months, many states have formulated net-

metering policies – these will be key enablers in making roof-

top solar at household level a reality. Our main article this

month compares these net-metering policies on critical pa-

rameters like tariff and availability of banking of power.

The REC trading session this month saw improvement in vol-

umes of non-solar and solar RECs alike. The improvement in

non-solar RECs trading is more a result of this being the last

quarter of the compliance year. However, solar RECs trading

jumped as this month the revised, lower price of Rs 3,500/REC

came into effect. We can expect increasing volumes in the next

2 trading sessions.

We hope you find this newsletter informative and enjoyable. As

always, we look forward to comments and feedback from you.

- Team REConnect CO

NT

EN

T

Solar Rooftop & Net Me-

tering: A closer look

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

RPO Map

About REConnect

Solar Rooftop & Net Metering: A closer look

Solar Rooftop &

Net Metering RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com

36%

REC Market

Share

PAN

India

Presence

3 GW

Projects under

management

Managing REC

Projects in

16

States

Solar Rooftop & Net Metering

In recent months many states have formulated

‘Net metering’ policies. These polices herald an

exciting phase in the development of solar sector in

the country as they will enable every household to

become a power generator.

In this article, we have compared the various net-

metering approached adopted by states. Some

states have formulated regulations, while other have

declared policies. While regulations are specific and

binding, policies are more directional and state-

ments of intent. Further, it is important to study and

understand the fine-print of the regulations or poli-

cies, as the way the policy works will have a signifi-

cant impact on the return made by investors of roof-

top projects.

A key difference is in the tariff paid for power ex-

ported to the grid. Some states have adopted a

‘feed-in-tariff’ (FIT) approach, while other will al-

low carryover of excess power to the next month –

implying that the tariff is equal to the retail tariff be-

ing paid by the consumer. FITs range from Rs 8.15 to

Rs 9.56 per unit – these are significantly higher from

the recently discovered prices of MW scale solar

projects of Rs 6- 7 per unit. In the case of offset with

retail tariffs, projects will benefit from annual escala-

tions, and therefore will see increasing savings over

the life of the project.

We believe that net-metering regulations are im-

portant to make solar of every roof a reality. How-

ever, a key shortcoming in the existing regulations is

that the procedure to get net-metering going are

missing. Any net-metering project will involve an

agreement with the Discom, and this is where pro-

cedural and operational challenges will crop up.

Simple, yet detailed and time-bound procedures

need to be laid out on how to make a roof-top pro-

ject a reality. Only Delhi has made some headway in

laying down detailed procedures that projects can

follow to get net-metering in place.

Table below compares each policy with the other.

FIT in the range of Rs 8.15

to Rs 9.56 per unit .

Retail Tariff offset for

other states.

Wheeling Banking & CSS

Benefits.

www.reconnectenergy.com Page 2

Regulatory Updates

Solar Rooftop &


India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Key Parameters Karnataka Delhi Punjab Uttarakhand Kerala

Type Order Regulation Policy Policy Regulation

Eligible consumers All consumer catego-ries

All consumer catego-ries

All consumer catego-ries

All consumer categories All consumer categories, up to 11kV

Project capacity limit

Maximum 1 MW Minimum 1 KWp ca-pacity.

1 KWp to 1 MWp. 300 W to 500 KW 1 KWp to 1 MWp.

Excess generation Allowed – no limit defined

Allowed – no limit defined

Up to 90% of annual electricity consump-tion

Allowed – no limit defined Allowed – no limit de-fined

Metering Arrange-ment

As per CEA (Installation and Op-eration of Meters) Regulations 2006

Solar Meters: D. Licen-see Solar and Net Meter by

consumer

Consumer and Discom can mutually agree upon me-tering arrangements.

Rent to be paid for Solar & Net Meters by Con-sumer. Net Meters: Con-

sumer

Renewable Pur-chase Obligation (RPO)

Discom (as it will pay a feed-in-tariff)

Obligated entities –Own RPO


Discom (as it will pay a feed-in-tariff)


Non-obligated entities –Discom’s RPO



Eligibility for REC Not Eligible for REC. As per CERC REC Regulation 2010.

As per CERC REC Regu-lation 2010.

Not Eligible for REC. As per CERC REC Regula-tion 2010.

Banking Banking: Yes. Charges Exempted

Banking: Yes. Charges Exempted




Wheeling & CSS Exempted for 5 years. Exempted for 5 years. Exempted Exempted Exempted

Commercial settle-ment

Net export of energy @ Tariff Defined

Excess Energy to next billing cycle


Net export of energy@ Tariff Defined


Settlement period Billing period as de-fined by ESCOM

As specified by DERC FY: 1st October to 13th September

FY: 1st October to 13th September

FY: 1st October to 13th September

Tariff/ Implied Tariff

FIT – Rs 9.56 without subsidy/benefits and Rs. 7.20 with 30% subsidy.

Retail tariff Retail tariff FIT 9.2 and 8.15 (with & without AD but including capital subsidy)

Retail tariff

Incentives MNRE capital subsidy & GBI

MNRE capital subsidy, GBI, No PPAC charges.

MNRE capital subsidy, GBI, Fiscal incentives as per NRSE Policy 2012.

MNRE capital subsidy & GBI

MNRE capital subsidy & GBI

Draft Policies for Rajasthan & HP have been notified.

http://clickpower.in/

Regulatory Updates

Solar Rooftop &



GERC Maintains Leniency over RPO Compliance

The Gujarat Electricity Regulatory Commission (GERC) in

its orders Dated 16th Jan 2015, has given relief to the state

distribution companies against their RPO compliance for

the year 13-14. The summary of the GERC orders is given

below:

Orders on GUVNL: GUVNL complied with 5.26% out of

6% obligations for non-solar and achieved 2.18% of Solar

against 1% obligation. But overall attained a renewable

purchase level of 7.44% against the RPO of 7%. Highlight-

ing this the GUVNL requested before the commission to

adjust its excess solar energy purchased into the non-

compliance in the Non-solar part. While the Indian Wind

Energy Association (IWPA) objected saying that this

would result in loss for the wind generators as there is

huge amount of Non-solar REC’s available for purchase.

The commission in its order granted the permission for

adjusting the excess purchase by GUVNL from Solar

against the wind and other category compliance saying

that the solar energy is costlier than the Non-solar energy

and further more purchase of non-solar renewable would

result in an additional burden on consumers of the distri-

bution licensee.

Order on MPSEZ Utilities – MPSEZ Utilities submitted

that it is having a revenue gap and therefore the enforce-

ment of RPO on them will further burden the deemed li-

censees of SEZ areas. The commission in the order said

that looking to the nascent stage of operation of the

deemed distribution licensees of SEZ and quantum of

power requirement by them for fulfilment of RPO, which

is very less, so the commission exempted the licensee

from applicability of RPO for FY 13-14.

Order on Torrent Power ltd. – Torrent power submitted

that it has complied with RPO of 4.55% in case of Non-

solar against total 6%, and solar RPO of .07% against 1%

in the regulation. Saying that due to non-availability of

Renewable Energy and factors beyond control, which lead

to shortfall in RPO compliance for FY13-14. And re-

quested before commission to revise the RPO percentage

of FY 13-14 to the actual targets achieved by the com-

pany. IWPA in its submission said that the distribution

company had the option of redeeming REC’s from ex-

change, as huge no. of solar and non-solar REC’s are

available for sale.

The commission in the order said that the petitioner has

made sufficient efforts to fulfil the solar and non-solar

energy and REC’s as well, also said due to non-

availability of renewable energy and factors beyond con-

trolled resulted in shortfall in RPO compliance. And said

that any further purchase of REC’s will result in the bur-

den for consumers hence we cannot force the petitioner

to buy more REC’s. The commission ordered to revise the

RPO of the petitioner company as non-solar RPO at 4.55

% and Solar RPO at 0.07 % for FY 2013-14.

The decision of GERC to allow the defaulted distribution

companies, adjusting their non-renewable RPO with their

excess solar energy, and waiving off RPO for Deemed

Distribution licensees (Torrent Energy Ltd and MPSEZ

Utilities Pvt. Ltd.), and also reducing RPO to match the

extent of sourced energy, will adversely impact the REC

market which is going through a bad stage.

These steps even though appear to be practical may

give other states chance to be more lenient over RPO

enforcement, which could result in effecting the renew-

able industry badly as they rely on strict RPO enforce-

ment. The step of giving solar power beneficial treat-

ment over other RE power could be discouraging to

other RE generators. May be the stagnancy in the REC

market is the result of domino effect started by GERC

and some other regulatory commissions.

The GERC Order on GUVNL & MPSEZ can be ac-

cessed here, and the order on torrent power can be ac-

cessed here.

MNRE to Implement scheme: 1 GW solar Projects by

PSU’s and GOI Organizations

Ministry of New and Renewable Energy (MNRE) in its lat-

est notification on 18th Jan 2014, has given guidelines for

the implementation of a scheme for the development of

1000 MW of grid connected Solar Power Projects by

Central PSU’s and Govt. of India organizations and vari-

ous central and state schemes with Viability Gap Funding

under batch-V Phase-II of JNNSM in a span of 3 years.

The Central Financial Incentive (CFA) required is esti-

mated to be 1000 crores. Solar Energy Corporation of

India (SECI) will handle the scheme on behalf of MNRE.


http://reconnectenergy.com/blog/2015/01/gerc-maintains-leniency-over-rpo-compliance/

http://www.gercin.org/myorderarchivepdf/en_1421496009.pdf

http://www.gercin.org/myorderarchivepdf/en_1421496171.pdf


Regulatory Updates

Solar Rooftop &




SECI will be given a fee of 1% of the VGF disbursed for

handling the funds and managing the Scheme.

The Ministry is promoting domestically manufactured so-

lar cells and modules, knowing that the domestic manu-

facturing capacity is facing tough competition from the

foreign players like china and US, which are selling the

cells and modules at significantly lower price. The Indian

manufacturing capacity is also not enough to meet the

demand, which has been a concern for the govt. that re-

sulted in dropping the anti-dumping duties proposed by

director general of Anti-dumping.

The Govt. has now taken new steps to promote the do-

mestic manufacturing by giving specific project capacities

under certain schemes.

The Scheme Document can be accessed here.

MNRE Releases Draft Guidelines for Development of 3

GW Solar Projects under Batch-II Tranche-I

Ministry of New and Renewable Energy (MNRE) on

14th January 2015, has released draft guidelines for the

development of 3000 MW of solar projects under JNNSM

batch-II phase-II Tranche-I.it will be implemented by

association of Central and State Agencies, and through

open competitive Bidding.

Minimum Projects size will be 10 MW, and the power

generated will be bundled with the thermal power and at

fixed levellized tariff for 25 years. The tariff will be fixed

through bidding process. The bidders will be free to avail

fiscal incentives like Accelerated Depreciation, Conces-

sional Customs and Excise Duties, Tax Holidays, etc.

NVVN will bundle the Solar Power with unallocated Ther-

mal Power from Coal based stations of NTPC on 2:1 basis

(2 MW of Solar with 1 MW of Thermal), and sell the Bun-

dled Power to willing State Utilities at Weighted Average

Tariff of the Solar and Thermal components plus Trading

Margin of Paisa Seven (7) per kWh. Discoms can fulfil

RPO requirement on purchase of this power.

It will be duty of the implementation agency to provide

land and connectivity required if the project is in a solar

park under MNRE guidelines. The Guidelines clearly says

that Under Domestic Content Requirement, the solar cells

and modules used in the solar PV power plants must

both be made in India.

Previously in October 2014, MNRE had laid guidelines for

the development of 1000 MW solar projects in the An-

dhra Pradesh.

The draft can be accessed here.

KERC Revises Tariff for Mini-Hydel & Biomass

Projects

The Karnataka Electricity Regulatory Commission (KERC)

in its order dated 1st January 2015, has revised the Tariff

for the Mini-Hydel, Co-generation and Biomass based

power projects. The new tariff will be applicable to the

projects that get commissioned during the period

01.01.2015 to 31.03.2018 for which PPAs have not been

entered into, prior to the date of this order.

Projects for which power purchase agreements have been

entered into before 01.01.2015, will not get the benefit of

this tariff revision.

The revised tariff in case of Mini-hydel projects is Rs. 4.16

per unit as against Rs.3.40 previously, which has in-

creased by 22%.

Particulars Description

Applicability

The PSU's and GOI organization would setup Grid-connected solar PV power pro-jects under various Central/ State Schemes/self-use/ 3rd party sale/ merchant sale with Viability Gap Funding.

Power Pur-chase/Sale

The PSU's may setup power projects for sale to DISCOM’s or third party sale at CERC or SERC regulated tariff.

Domestic Con-tent Require-

ment

It is mandatory to procure cells and mod-ules from domestic manufacturers.

Viability Gap Funding

VGF of Rs. 1 Cr/MW at fixed rate will pro-vided for projects where domestically pro-duced Cells and Modules are used, and RS.50 lakh/MW would be provided in cases where domestically produced modules are used.


http://mnre.gov.in/file-manager/UserFiles/Scheme-1000MW-grid-connected-SPV-batch_V-phase_II-JNNSM.pdf

http://mnre.gov.in/file-manager/UserFiles/Final-draft-3000-MW-Tranche-1-Draft-Guidelines-State-Specific-Bundling-Scheme-2015_14012015.pdf

Regulatory Updates

Solar Rooftop &




Tariff determined for Bagasse based projects is Rs. 4.83

per unit for the first year of the commissioning of the pro-

ject, which was Rs. 3.90 previously, an increase of approx.

24%. While in the case of biomass the tariff has been de-

termined at Rs. 5.19 per unit against Rs. 3.66 per unit in

previous order, a hike of about 42%.

The commission has also approved the prevailing reactive

power charges of 40 p/kVAh, till 31.03.2018.

The tariff approved by the commission is given below:

The KERC Order can be reached here.

MNRE: Subsidy Reduction and Home Loan Initia-

tive for Rooftop Solar

The Ministry of New and Renewable Energy (MNRE) has

set a target of 40,000 MWp of Grid Interactive Solar Roof-

top systems during the next 5 years. However, it has pro-

posed to reduce the capital subsidy for Solar PV for Roof-

top systems from 30% to 15%, citing reduced cost of So-

lar PV panels and a competitive tariff of Rs. 7 per unit that

can be achieved without subsidy. This is applicable for

Systems ranging between 1 KWp to 500 KWp. The minis-

try has asked project developers to go ahead with their

projects without waiting for subsidy allocation via Aad-

haar Linked Account or interest subvention.

As per the current Home Loan and Home Improvement

Loan schemes, Solar PV is not covered among items

against which loan can be availed. The Ministry of Finance

has issued following advisory to all Public Sector Banks:

“All banks are advised to encourage the home loan/

home improvement loan seekers to install rooftop solar

PVs and include the cost of such equipment in their home

loan proposals just like non solar lighting, wiring and

other such fittings” .

This will reduce the dependence on private investors who

are little hesitant towards investing in Solar projects, and

will enable owners to plan their Home loan with inclusion

of capital cost for installing Solar Rooftop, based on the

available space and requirement.

This is mainly aimed at encouraging residential, commer-

cial, industrial and institutional setups to adopt viable Grid

Interactive Solar Rooftop Systems for their own consump-

tion, and inject surplus electricity into the grid. Solar

Rooftop Regulation/Policies/Schemes in states like Delhi,

Rajasthan, Haryana, UP, Uttarakhand, Kerala and Karna-

taka will further attract investors and residential consum-

ers towards Solar Rooftop Power.

The Draft proposed for reduction in subsidy can be

read here.

The press release of the inclusion of Solar Rooftop capital

cost in Home Loan, can be accessed here.

HPERC Notifies Draft Net Metering Regulation

The Himachal Pradesh Electricity Regulatory Commission

(HPERC) on 22nd January 2015, has notified draft regula-

tion for the Net Metering. The regulation enables the

consumer of the distribution licensees to install the roof-

top solar energy systems and use the generated energy

for their consumption and the surplus energy can be fed

to the grid.

The maximum peak capacity of the rooftop systems to be

installed, shall not be more than 80% of the sanctioned

contract demand. Also the Maximum capacity to be in-

stalled by any consumer shall not be more than 1 MWp.

The Net Meter as well as Solar generation Meter shall be

installed and maintained at the cost of eligible consumer

by the distribution licensee. The meters to be installed

should adhere to the standard defined by the CERC and

CEA.

Pa-ramete

r Mini-Hydel

Bagasse based Co-generation

Rankine cycle based Biomass

Tariff

Levellized for life of

the Projects: Rs.4.16/unit

Fixed cost Level-ized for life of the Projects: Rs.2.02/

unit

Fixed cost Levelized for life of the Pro-jects: Rs.2.37/unit

Variable cost [Rs/Unit] applicable to the relevant year:

FY-15 : Rs.2.81 (Base year)

FY-16 : Rs.2.97 FY-17 : Rs.3.14 FY-18 : Rs.3.32

Variable cost [Rs/Unit] applicable to the relevant year: FY-15 : Rs.2.82 (Base year) FY-16 : Rs.2.98 FY-17 : Rs.3.16 FY-18 : Rs.3.34


https://www.karnataka.gov.in/kerc/COURT-ORDERS/COURT-ORDERS-2015/FinalREOrder1.1.2015.pdf

http://mnre.gov.in/file-manager/UserFiles/Solar-rooftop_limitation_for_subsidy.pdf

http://mnre.gov.in/file-manager/UserFiles/Press-Release-Grid-Interactive-Solar-Rooftop.pdf

Regulatory Updates

Solar Rooftop &



India’s largest REC Trading Company

Clickpower.in: India’s first Green Energy Marketplace

The billing will be done based on the readings of the me-

ter that is consumer will have to pay for the excess energy

used by him from the distribution system. The net export

of energy by the consumer over the billing period shall be

paid to the consumer, by way of adjustment in the bill, at

the rates defined by the commission. No deemed genera-

tion charges will be payable to the eligible consumer gen-

erating energy from rooftop Solar PV system.

The commission has proposed the Exemption from

wheeling, banking and cross subsidy surcharge for the

rooftop owners under net metering agreement for a pe-

riod of 5 years. If the consumers is not an obligated entity,

the quantum of electricity generated will qualify towards

compliance of Renewable Purchase Obligation (RPO) of

the distribution licensee. The eligibility for participating in

Renewable Energy Certificate (REC) scheme will be as per

CERC REC Regulation 2010.

There have been recent surge in Solar Net-Metering regu-

lations and policies among the northern states and HP is

no exception, as the state has a solar power potential of

34 GW and is a large hub for small and medium scale in-

dustries. The large scale industries would also benefit

from this policy.

The comments and suggestions in this behalf can be sub-

mitted to the Secretary, Himachal Pradesh Electricity

Regulatory Commission, within 30 days of publication of

the draft.

The Draft can be accessed here.

Preliminary Analysis of PAT Scheme

The Perform, Achieve and Trade (PAT) scheme was

launched in 2012 to promote energy efficiency in energy

intensive industries. The scheme is market based where

on over achieving the target, energy saving certificates

(ESCerts) will be issued which will be purchased by under

achievers from the power exchanges to meet their com-

pliance. The targets were assigned to 478 energy inten-

sive industries known as Designated Consumers (DCs)

from 8 different sectors. Please refer to our past Newslet-

ters Vol. IX “Introduction to Energy Efficiency“, and Vol. XX

“Analysis of the Energy Saving Certificate” for more de-

tails.

There has been satisfactory progress in the PAT scheme

so far as Bureau of Energy Efficiency (BEE) has actively

pushed the scheme. The first PAT cycle (2012-15) is going

to end in March 2015. The online PAT Net platform is at

its final stage and consultants have been invited to review

the framework for ESCerts trading.

There was a recent press release by Bureau of Energy Effi-

ciency on the status of PAT scheme. The final verification

of the energy saving done is due followed by issuance of

ESCerts. The final verification and certification will be

done by Accredited Energy Auditors. After the verification,

ESCerts will be issued.

From the above chart we can see that demand is likely to

be seen in the first cycle. With more than 50% still to

meet the target, the 1st session of ESCerts market will be

interesting to watch as the scheme is nascent.

Dr. Ajay Mathur, Director General of the Bureau of Energy

Efficiency, said that,

“Overall, it seems likely that there would be overall com-

pliance with the target, with some amount of trading for

compliance purposes”.

The price of an ESCert will also attract the market which is

variable in nature and depends upon the market price of

coal, gas & crude oil. The price of an ESCerts determined

by BEE for the year 2011-12 was Rs.10,154.

The trading is likely to happen between Aug and Nov 15.


http://www.hperc.org/rules/dsolarrof14.pdf

REC Trade Report - Jan 2015

Solar Rooftop &

Net Metering RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates



Non Solar RECs

In January 2015, demand and clearing ratios improved over the previous month, specially in IEX. Inventory remained

high despite good demand . Clearing ratios showed significant improvement. This was the first time in many months

that demand rose higher than issuance. The closing balance of REC inventory for non solar RECs just breached the 11

million mark this month - having worth over 1700 Crores. Issuance dropped significantly over the last month.

:

For past trading history - CLICK HERE


974803910494275

1082535711361913

840,238 552,552 932,679 411,590

74,002 196,013 335,723 537,009

0

2000000

4000000

6000000

8000000

10000000

12000000

October November December Jan-15

Non-Solar RECs

Available Issued Redemmed

0.76%

1.88%

3.35%

5.84%

0.70% 1.85%

2.78% 3.23%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%


Non-Solar Clearing %

IEX PXIL

http://reconnectenergy.com/blog/2014/04/rec-trade-report-april-2014/

http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/01/rec-trade-report-of-december-trading-session/


REC Trade Report - Oct-Nov 2014

Solar Rooftop &

Net Metering RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates



Solar RECs

This trading session, demand rose staggeringly from 2059 RECs last month to 32140 RECs, rallying behind good de-

mand at IEX, albeit it remained very low considering the huge inventory. Clearing ratio dipped marginally on PXIL.

Demand showed good signs of recovery, following the recent CERC 3rd Amendment to REC Mechanism. The closing

balance of REC inventory for Solar RECs stood close to 1.5 million mark due to the implication of the 2.66 Vintage

Multiplier, with no issuance recorded in this month. With huge inventory in the backdrop, demand will have to pick

up rapidly in the next two months, in order to brim over the increasing inventory.

For past trading history - CLICK HERE


996997

1230426

1407932

1560391

233808178655 154518

0379 1149 2059 32140

0

200000

400000

600000

800000

1000000

1200000

1400000

1600000

1800000


Solar RECs

Available Issued Redemmed

0.12%

0.10%

0.15%

4.45%

0.06% 0.33% 0.52%

0.24%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%


Solar Clearing %

IEX PXIL

http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/01/rec-trade-report-of-december-trading-session/


REC Project Status - As on 29th January, 2015

Solar Rooftop &



Registered Capacity

4684 MW


Projects Registered

Source wise

All figures

in MW

Biomass

703

Solar

PV 584

Wind

2310 Bio-fuel

Cogeneration

827


Small Hydro

296

Projects Registered

State wise


Green News - National

Solar Rooftop &




India Clean-Energy Investments Rise 13% to $7.9 Billion

Clean-energy investments in India increased to $7.9 billion last year and are expected to surpass $10 billion in 2015.

Investments in clean technologies including solar and wind power rose almost 13 percent in 2014 from a year ear-

lier, according to estimates today from London-based Bloomberg New Energy Finance. That makes India the sev-

enth-largest investor in the industry worldwide, BNEF said. Investments should rise further this year to more than

$10 billion, it said. Source: Bloomberg.

US agencies commit $4 bn for Indian renewable energy sector

In one of the biggest deals for the growing renewable energysector in India, US federal agencies have committed a

total $4 billion for both projects and equipment sourcing. The officials who were close to the developments that

happened at the ‘US-India Business Summit’ said three US federal agencies have made separate commitments to

pump money in the Indian clean energy sector. Source: Business Standard.

Installed solar capacity crosses 3 GW

New capacity addition in the clean energy sector was up nine per cent during the first 9-month of this fiscal. The

total installed capacity of solar power in the country crossed 3,000 MW during the 3rd quarter. Renewable energy

sector added 2,104 MW of new capacity during first three quarters of this fiscal when compared with 1,922 MW a

year-ago. Source: The Hindu.

Centre looks at leveraging IIFCL credit line for green energy

The central government is hoping to use part of a $5 billion (Rs.31,075 crore) line of credit to promote renewable

energy projects, a move which could help bring down borrowing costs for solar and wind power companies. The

credit facility was extended by the Reserve Bank of India (RBI) to state-owned India Infrastructure Finance Co. Ltd

(IIFCL) from its foreign exchange reserves. Source: The Indian Express.

Sops planned for renewable energy

The government plans to announce a special package of fiscal incentives in the budget next month to boost the

growth of the country’s renewable energy sector with a focus on increasing India’s wind power generation capacity

to 60,000 MW by 2022. Source: Financial Chronicle.

Wind energy mission addition awaits nod

The government is to introduce a ‘wind energy mission’ in the National Action Plan for Climate Change (NAPPC).

Officials said formal induction awaited consent from the prime minister. The proposed National Wind Energy Mis-

sion, drafted by ministry of new and renewable energy (MNRE) in April 2014, aims to create a conducive investment

environment for investors in the wind energy sector. Source: Business Standard.

ADB backs India's solar power ambitions

The Asian Development Bank said Wednesday it was extending loans of up to $100 million to help India develop a

solar power sector. The bank said it would extend the loan to solar power developer ACME group, which is working

with French renewable energy leaders to develop more than 350 megawatts of low-carbon energy options. Source:

United Press International (UPI).

Read More

Read More

Read More

Read More

Read More

Read More

Read More


http://www.business-standard.com/search?type=news&q=Renewable+Energy

http://www.business-standard.com/article/current-affairs/us-agencies-commit-4-bn-for-indian-renewable-energy-sector-115012600756_1.html

http://www.thehindu.com/business/Industry/installed-solar-capacity-crosses-3-gw/article6805623.ece

http://www.livemint.com/Politics/bE0OUZmG0h1QEz9XNp2Y6I/Centre-looks-at-leveraging-IIFCL-credit-line-for-green-energ.html

http://www.mydigitalfc.com/news/sops-planned-renewable-energy-490

http://www.business-standard.com/article/economy-policy/wind-energy-mission-addition-awaits-nod-115012001380_1.html

http://www.bloomberg.com/news/articles/2015-01-23/india-clean-energy-investments-rise-13-to-7-9-billion

http://www.upi.com/Business_News/Energy-Resources/2015/01/14/ADB-backs-Indias-solar-power-ambitions/4321421239725/


India’s RPO Map

Solar Rooftop &



* BESCOM,MESCOM, CESC - 10 % + 0.25%, HESCOM, GESCOM, Hukkeri Society - 7 % + 0.25%.

Status of Regulation - Final for all states except -

Draft for AP and Telangana, & TN ( Draft Amendments of targets )

RPO on OA Users? - Yes for all states except West Bengal.

Karnataka (5.00% RPO) - Yes (> 5MW).

RPO on CPP? - Yes for all states except West Bengal.

Gujarat, Odisha, Haryana, Bihar, Jharkhand, Tripura, Karnataka (5.00% RPO) - Yes (> 5MW).

RPO Penalty? - Yes (RECmax) for all the states.

West Bengal - Not Specified.

States

2014-15 RPO

Obligation

(Non Solar)

2014-15 RPO

Obligation

( Solar)

Andhra Pradesh 4.75 % 0.25 %

Assam 6.75 % 0.25 %

Arunachal Pradesh 6.80 % 0.20 %

Bihar 4.25 % 0.75 %

Chhattisgarh 6.00 % 0.75 %

Delhi 5.95 % 0.25 %

Gujarat 6.75 % 1.25 %

Haryana 3.00 % 0.25 %

Himachal Pradesh 10.00 % 0.25 %

J&K 5.25 % 0.75 %

Jharkhand 3.00 % 1.00 %

Karnataka 10.00 % * 0.25 % *

Kerala 4.39 % 0.25 %

Madhya Pradesh 6.00 % 1.00 %

Maharashtra 8.50 % 0.50 %

Meghalaya 0.60 % 0.40 %

Odisha 6.25 % 0.25 %

Punjab 3.81 % 0.19 %

Rajasthan 7.50 % 1.50 %

Tamil Nadu 09.00 % 2.00 %

Tripura 2.50 % 1.05%

Uttarakhand 7.00 % 0.075 % Uttar Pradesh 5.00 % 1.00 %

West Bengal 4.35 % 0.15 %

Goa & UTs 2.70 % 0.60 %

Manipur 4.75 % 0.25 %

Mizoram 14.75 % 0.25 %

Nagaland 7.75 % 0.25 %



About REConnect

Solar Rooftop &



REConnect Energy is India’s leading renewable energy trading company. We provide end-

to-end services for projects in the Renewable Energy Certificate mechanism – from con-

tract structuring, advisory to monetization of RECs. We also work with power consumers to

manage Renewable Purchase Obligation (RPO) liabilities, and develop and execute their

energy sourcing strategy. We are a knowledge focused company that prides itself in pro-

viding premium services to our clients backed by in-depth research and analysis.

Our other prime area of focus is, facilitating Private PPAs (OTC) by bringing RE Generators

and HT Consumers onto a single platform called Clickpower.in, which we have developed

specifically for this purpose. It is India’s First Green Energy Marketplace.

REConnect is run by an experienced and professional team. The team consists of members

with relevant experience of working at IEX, L&T, JP Morgan, Arthur Andersen and Gensol.

Key members of the team are alumnus of IIT Bombay, Columbia University (an Ivy League

university) and IIT Kharagpur.

In cognizance of our quality and scope of services, we have been acknowledged

with the REC Facilitator of the Year, and Wind Facilitator of the Year awards in 2014.


Contact Details

Bangalore:

Vishal Pandya

[email protected]

No. 2, Victor Mansion , 2nd floor, Kodi-

halli, Old Airport Road, HAL 2nd Stage

(PO), Bangalore—560008

O : 080 - 6547 3383 / 84

F : 080 - 30723571

New Delhi:

Vibhav Nuwal

[email protected]

C– 503, 5th Floor, Nirvana courtyard,

Nirvana Country, Sector 50,

Gurgaon 122018.

O : 0124 - 4103216

F : 080 - 30723571

Chennai:

Venkat Mutharasu (+919940177993)

[email protected]

# 18/1 (88), 2nd Floor, Aarya Gowda

Road, West Mambalam,

Chennai - 600 033.

Hyderabad:

Satish ( +91 9945921921 )

[email protected]

Solar Market:

Satish ( +91 9945921921 )

[email protected]

Mumbai:

Ram Kumar ( +919930359992 )

[email protected]

1013, 10th Floor,

Micro (Haware) Infotech Park,

Plot no. 16, Sector-30A, Vashi,

Navi Mumbai- 400705,

Maharashtra, India.

Renewable Purchase Obligation (RPO):

Chetan Singh Adhikari ( +91 9910772666)

[email protected]

Renewable Regulatory Fund (RRF):

Siddhartha P. (+91 9916994349)

[email protected]

Follow us on:


https://www.facebook.com/pages/REConnect-Energy/224609660900088?ref=br_tf

https://www.linkedin.com/company/reconnect-energy-solutions

https://twitter.com/REConnectEnergy

open access - reconnect energy · 2019-07-18 · the gujarat electricity regulatory commission...

Documents