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Green certificates trading shrinks to 920,000, 6 mn inventory piles up


The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO).
According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71 lakh solar and 52.88 lakh non-solar green certificates.
The data also showed that trading of just 9.2 lakh RECs was done in 2020-21 as the trading was suspended since July last year. REC trading was recorded at 89.27 lakh in 2019-20 and 126.08 lakh in 2018-19.
The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC). ....

Prabhajit Kumar Sarkar , Indian Energy Exchange , Supreme Court , Indian Wind Power Association , Central Electricity Regulatory Commission , Power Exchange India , Engineering Company Ltd , Green Energy Association , Appellate Tribunal , Managing Director , Chief Executive Officer , Techno Electric , Renewable Energy , Renewable Electricity , Energy Policy , Carbon Finance , Renewable Energy Certificate , Lternative Energy , Energy Certificate , Renewable Resource , Renewable Portfolio Standards In The United States , Ecs International , இந்தியன் ஆற்றல் பரிமாற்றம் , உச்ச நீதிமன்றம் , இந்தியன் காற்று பவர் சங்கம் , மைய மின்சாரம் ஒழுங்குமுறை தரகு ,

Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up


Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up
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Last Updated: Apr 25, 2021, 11:55 AM IST
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Synopsis
The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC).
Agencies
REC trading is conducted on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Power Exchange India (PXIL).
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31 ....

Prabhajit Kumar Sarkar , Supreme Court , Indian Wind Power Association , Central Electricity Regulatory Commission , Power Exchange India , Engineering Company Ltd , Green Energy Association , Appellate Tribunal , Managing Director , Chief Executive Officer , Techno Electric , Renewable Energy Certificates , Green Certificates , Indian Energy Exchange , உச்ச நீதிமன்றம் , இந்தியன் காற்று பவர் சங்கம் , மைய மின்சாரம் ஒழுங்குமுறை தரகு , பவர் பரிமாற்றம் இந்தியா , பொறியியல் நிறுவனம் லிமிடெட் , பச்சை ஆற்றல் சங்கம் , மேல்முறையீடு தீர்ப்பாயம் , நிர்வகித்தல் இயக்குனர் , தலைமை நிர்வாகி அதிகாரி , டெக்னோ மின்சார , புதுப்பிக்கத்தக்க ஆற்றல் சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , பச்சை சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் ,

First-Ever Green Tech Deal Signed Between Emirati, Israeli Companies


Daniel Sonnenfeld
03/01/2021
The bidirectional agreement will see Israeli green technologies exported to the Gulf region, Emirati tech exported to Israel
A deal signed between the Israeli company Gulf-Israel Green Ventures (GIGV) and the Emirati United Stars Group (USG), lays the groundwork for the trade of green technologies between the two countries. The Gulf countries have set ambitious environmental goals, which are rapidly developing, and Israel has a lot to offer, says Asher Fredman, GIGV CEO.
The deal announced on Sunday that was signed between Fredman and USG founder and president, Omar Al Suwaidi, is intended to facilitate trade specifically in green technologies between the countries. The two companies said in a statement that “the historic deal is focusing on sustainable development projects in the broader Gulf region.” This is the first agreement of its kind between an Israeli and Emirati company. The partner companies already are working on a joi ....

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