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Renewable generation in the country is set to get a major boost, with the Central Electricity Regulatory Commission (CERC) planning to launch power exchange-based trading of renewable energy certificates (RECs) soon. RECs will be issued to renewable power generators by national load despatch centre (NLDC) against power supplied to discoms at their average pool purchase cost. Discoms in renewable power-deficit states can buy these instruments against their renewable power purchase obligations (RPO). Trading will create liquidity in the market and make cost economics of renewable power projects more attractive for…

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New Delhi: With land acquisition and environmental clearances proving increasingly difficult for wind power projects, India is exploring the potential for offshore wind power generation. Deepak Gupta, secretary, ministry of new and renewable energy, told FE that a study is being undertaken with the help of Chennai-based Centre for Wind Energy Technology (C-WET) to ascertain the feasibility of setting up wind farms in India’s offshore areas.”We expect to complete the study in 2-3 years,” he said. Apart from hurdles in acquiring 4-5 acres to generate one mega watt of wind…

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Mridul Chadha Student, Environmental Engineer, Writer in Clean Energy, Solar Energy The Asian Development Bank has roped in the European Investment Bank to invest in large-scale solar power plants in India. The ADB is committed to arrange finances for India’s ambitious National Solar Mission projects. The Asian Development Bank has been working closely with many Asian countries to provide them financial, technical and policy-related support for expanding solar energy infrastructure. The ADB is playing an active role in India to make solar energy more popular. In addition to the European…

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9 Nov, 2010, 03.43AM IST,PTI NEW DELHI: Ahead of the UN climate change meet in Cancun, representatives including ministers from over 50 nations will gather here for a two-day conference beginning tomorrow to deliberate on mechanisms to ensure clean technologies to mitigate impacts of global warming . The “informal ministerial dialogue on Climate Change: Technology Mechanism” will be held in collaboration with Mexico which is host to the global UN climate summit and the UN Department of Economic and Social Affairs (UNDESA). The meet would discuss and seek a consensus…

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Source: The Hindu NEW DELHI, November 9, 2010 Special Correspondent Even as India and the U.S. on Monday inked an agreement to establish a bilateral energy cooperation programme to promote clean and energy-efficient businesses, Indian and U.S. companies inked joint venture deals worth $175 million in the renewable energy sector. According to the Assistant Secretary of Commerce and Director General for the Foreign Commercial Service at the U.S. Department of Commerce, Suresh Kumar, the partnership between the two countries in the renewable energy sector was all set to take a…

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3 Nov, 2010, 11.13PM IST,IANS NEW DELHI: Structural reforms are needed to make the energy sector vibrant and investor-friendly, Finance Minister Pranab Mukherjee said on Wednesday. “While the government is adopting a number of fiscal incentives to attract investments, including in the vital energy sector, there are structural reforms required in the energy industry, to utilize those incentives,” Mukherjee said at the ninth Petrotech International Oil and Gas conference here. Expressing confidence that India would soon turn to double-digit growth path, Mukherjee said contribution of the energy sector was vital…

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