Trading at the start of the financial year (FY2012-13) saw significant increase in both volumes and prices over the opening trade of FY2011-12. The total traded volume was 71,226 while the prices stabilized at `2,201 at both the exchanges. Overall, the opening trade this financial year was an improvement over last year. Trading volumes at… [Read more…]
The budget was silent on the financial incentives that would be applicable to wind industry FY2013 onwards. Based on this, it was generally believed by the industry that the Accelerated Depreciation benefit would continue to be available to wind energy installations in FY2013 or till passing of Direct Tax Code. The Central Board of Direct… [Read more…]
The last REC trading session for FY11-12 ended on a rather subtle note. The buy bids at the IEX saw a drop of 24% from the last trading session and there was no noticeable rise in sell bids and final volume traded. At PXIL, buy bids went up by 80% while the sell bids and… [Read more…]
March 16, 2012
by Shailesh Telang
According to Organization for Economic Cooperation and Development (OECD), global GHG emissions could rise 50% by 2050 without the most ambitious climate policies. The world is moving towards increasing consumptive habits resulting in unsustainable use of natural sources. Our fossil fuels continue to dominate the energy mix now and projected for the same in subsequent… [Read more…]
Trade volumes and value reach new highs in February: Close to end of the current financial year, REC prices continue to hover above Rs. 3000 mark with traded volumes rising significantly at both IEX as well as PXIL. Additional supply with expectation of higher sales realization countered demand driven by compliance to some extent. The net… [Read more…]
Demand outstrips supply – REC prices touch highest this FY Trade Value crosses Rs. 50 crores mark in January The tenth REC trading session of this FY and the first in the New Year on Wednesday 25th January saw REC prices continue to rise. REC price reached Rs. 3051 at both exchanges – the highest… [Read more…]
In a written reply to a question in Lok Sabha, on 16 December 2011, MNRE gave the following updates on the existing Generation Based Incentive (GBI) scheme for wind and solar; Wind A GBI of Rs. 0.50 per unit of electricity can be availed for a period not less than 4 years and a maximum… [Read more…]
The REC market maintained its strong footing in the ninth REC trading session on Wednesday 28th December. Final price realization of Rs. 2,950 was again the highest till date in the current FY. Major part of the trade continues to be conducted on the IEX, where volumes too rose to a historical high, accompanying the… [Read more…]
The highlights of the year 2011 for the renewable energy sector in India are The country saw 3815 MW grid connected RE capacity getting added. As expected, wind energy sector contributed the highest at 2827 MW, biomass was second at 498 MW, small hydro contributed 310 MW and solar 180 MW . The total grid-connected… [Read more…]
Genearating Capacity Addition The installed generating capacity in India stood at 185496.62 MW as on 30.11.2011. The sector and type wise break-up of installed generation capacity as on 30.11.2011 is in the table below. Sector Hydro Thermal Nuclear Renewable Total Central 8885.4 43407.23 4780 0 57072.63 State 27338 53041.73 0 3225.92 83605.65 Private 2525 25357.02… [Read more…]
Climate Change CDM News
April 30, 2012
by Agneya
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