There are several application-oriented innovations springing up from the most power starved places in the world such as Africa – be it Solar Chargers, Solar Lighting Systems, Solar Water Purification Systems and so on and so forth. At home, in India, we are witnessing similar disruptive models that are aimed at electrifying complete villages or providing water pumping solutions for villages. On a national level, initiatives such as Jawaharlal Nehru National Solar Mission (JNNSM) and Renewable Purchase Obligation (RPO) mechanism aim at driving Renewable Energy to the forefront of the Indian Power sector and secure India’s energy needs in the foreseeable future.
In March 2011, Central Electricity Regulatory Commission gave a major push to Indian Renewable Energy Industry by launching the trading of much awaited Renewable Energy Certificates. Since then, more than Rs.904 Crores worth of trading has taken place at the 2 energy exchanges of India – Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). The REC market which is driven by the RPO obligations stipulated by the respective State Electricity Regulatory Commissions (SERCs) of each state is still nascent. FY 2012-13 has seen a total trading of Rs.453 Crores (Non-Solar and Solar) as compared to Rs.286 Crores in FY 2011-12.
In such a huge market where there are several external factors which effect the trading, there is a need for an organization which constantly and closely monitors the market so as to bring the latest improvements in the quickest time with the backing of impeccable analysis. We at EfficientCarbon strive to do just that to advice the several players in the market. At EfficientCarbon, we are also constantly updating ourselves on the technology as well as the business-model innovations that are being developed in India and across the world in the field of Renewable Energy.
Starting August 2012, EfficientCarbon shall publish a monthly newsletter – REChronicles – which shall bring you the latest updates in the field of Renewable Energy and the Indian REC Market. REChronicles would serve as a one-stop-shop for those looking for the latest in Renewable Energy and REC Markets. We promise to provide the best and most accurate information to our readers.
Here are the links to the previous issues:
July’12 Issue: http://bit.ly/UGDlmL
August’12 Issue: http://bit.ly/T3XC9R
September’12 Issue: http://bit.ly/Wnajv8
October’12 Issue: http://bit.ly/RwRtA2
November’12 Issue: http://bit.ly/TwtrI2
December’12 Issue: http://bit.ly/Ubd7yF
January’13 Issue: http://bit.ly/14CrZbr
February’13 Issue: http://bit.ly/YFuDIM
March’13 Issue: http://bit.ly/14sJ20R
April’13 Issue: http://bit.ly/Y96ChK
May’13 Issue: http://bit.ly/12jGy5L
June’13 Issue: http://bit.ly/1crKpN0
July’13 Issue: http://bit.ly/1cgxLEP
August’13 Issue: http://bit.ly/16S4ax4
September’13 Issue: http://bit.ly/1eIM46k
October’13 Issue: http://bit.ly/16nRFu9
November’13 Issue: http://bit.ly/1cxR5KW