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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). ....
Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up SECTIONS Last Updated: Apr 25, 2021, 11:55 AM IST Share 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 ....
Green certificates trading shrinks to 9.2 lakh in 2020-21 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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 ....