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RfS for 500MW Andhra Pradesh Solar bidding and Pre-Bid meeting

The RfS for 500MW AP Solar bidding was announced on 14th August, 2014. The RfS document can be downloaded from APTRANSCO website here - http://www.aptransco.gov.in/transco/docs/whatsnew1/Solar-Bid-and-PPA.pdf The Pre-bid meeting for the bidding is scheduled to be conducted on 22nd August, 2014 from 11AM to 1PM at Vidyut Soudha, Khairatabad, Hyderabad. The notice regarding the same can be downloaded here – http://www.aptransco.gov.in/transco/docs/whatsnew1/solar-prebid.pdf All interested parties are requested to go through the RfS and get your queries clarified during the pre-bid meeting.

REC Trading in December’13

The number of Non-Solar buy bids increased this month as compared to November. Solar buy bids also increased as compared to last month with clearing price remaining at floor price – Rs. 9300/REC. The table below summarizes the trading for December on each of the Power Exchanges – IEX and PXIL Here are a few numbers and graphs with respect to Solar and Non-Solar REC trading in December Non-Solar REC trading: The demand for non-solar RECs increased this month by 30.73% as compared to the previous month. As is the trend, all the Buy Bids (403862) were cleared. This resulted in a Trading Value of Rs.60.57 Crores. Clearing Price stood at the usual Rs.1500 owing to oversupply. The graph below shows the trends in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months. Solar REC trading: This month, supply of solar RECs was 11.47 times that of demand. The clearing price for both the exchanges remained at the floor price – Rs.9300/REC. The total number …

JNNSM Phase II Batch I – Extension of last date and other Updates

Recently on 20th December, Solar Energy Corporation of India (SECI) announced the extension of the last date of submission of bids in response to setting up 750 MW grid connected solar photovoltaic projects under JNNSM Phase II Batch I. The last date has now been extended from 28th December, 2013 to 20th January, 2014 (Up to 12.30 hrs). As per the announcement, this extension has been made based on various requests SECI/MNRE received for the same. It also mentioned that a document with amendments and clarifications related to VGF Securitization agreement will be uploaded on the website soon. This announcement made on SECI website can be accessed here. A month after releasing the final RfS document, SECI released Clarifications to the RfS document and Amendments document along with Revised PPA on 30th November following the pre-bid meeting. Our blogpost on the final RfS document released in October is available here. Given below are some of the clarifications and amendments from these documents: SECI will be responsible for taking the Open Access …

Kerala Solar Policy 2013 – Final – 2500 MW by 2030

After announcing a draft Solar Policy earlier this year, the Government of Kerala has recently approved and released the final ‘Kerala Solar Energy Policy, 2013′ based on the comments from Public, members of the Committee and other experts in this field. The vision of this policy is to mainstream the use of solar energy in the energy mix of the state in an inclusive manner in order to ensure the optimal usage of available solar potential in this region. Our blogpost on the draft document released in February can be accessed here. Given below are some of the important points as mentioned in the final document released by ANERT: Mission Increase the installed capacity in the State to 500 MW by 2017 and 2500 MW by 2030 Deploy package of incentives and disincentives for identified groups Strategy of Implementation - The policy strategies include the following: Supply side interventions Off-grid roof top systems at demand points or consumer premises such as solar inverter installations Promoting conversion of existing inverter installations to …

REC Trading in November’13

The number of Non-Solar Buy-bids increased this month as compared to that of October. Solar REC buy-bids decreased as compared to last month with clearing price still remaining at floor price – Rs.9300/ REC. The table below summarizes the trading for November on each of the Power Exchanges – IEX and PXIL Here are a few numbers and graphs with respect to Solar and Non-Solar REC trading in November Non-Solar REC trading: The demand for non-solar RECs increased this month by 105.07% as compared to last month. As is the trend, all the Buy Bids (308928) were cleared. This resulted in a Trading Value of Rs. 46.33 Crores. Clearing Price stood at the usual Rs. 1500/ REC owing to oversupply. The graph below shows the trends in Buy Bids, Sell Bids, Traded Volume and Clearing Price for the last 3 months. Solar REC Trading: This month the supply of Solar RECs was 8.35 times that of demand. The clearing price for both the exchanges remained at the floor price – …

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