open access - reconnect energy access march 2015 volume - 49 wind facilitator of the year & rec...

OPEN ACCESS

March 2015

Volume - 49

Wind Facilitator of the Year & REC Facilitator of the Year 2014

From Management‘s Desk

REConnect launched Clickpower.in – an online platform for identifying and

optimizing third-party power transactions. The press enthusiastically cov-

ered the launch. Over 200MW of power is already listed on the platform.

We encourage you to register on the website and explore this new, innova-

tive development in the power sector.

Gujarat High Court’s long awaited judgment on the applicability of RPO on

captive and open access consumers in the state was delivered in March.

The judgment has important implications – it held that RPO is indeed ap-

plicable. This is likely to pave the way for RPO implementation on CPP and

open access consumers – something that was held up for now. The judg-

ment also provided an important interpretation of the ApTel’s view of ap-

plicability of RPO in co-generation – Gujarat HC says the ApTel has made a

distinction between non-conventional power and renewable power, and

RPO is applicable on the former (which covers co-gen). The judgment is

analysed in detail in the main article of this newsletter.

March was also the month for various regulatory updates – most notably

AP’s wind and solar policy, and CERC’s RE tariff setting process.

RECs trading saw high volumes relative to earlier months of the year, but

overall disappointed as various obligated entities stayed away from meet-

ing their obligations.

We hope this volume to be an insightful read, and as always, look forward

to your feedback.

- Team REConnect

CO

NT

EN

T

Gujarat RPO - HC

Judgment

Regulatory Updates

REC Trade Results

REC Project Stats

Green News

RPO Map

About REConnect

Gujarat HC Judgement on RPO and Co-Gen

Gujarat RPO - HC

Judgment RPO Map Green News REC Project Stats REC Trade Report Regulatory Updates

www.reconnectenergy.com Page 1

38%

REC Market

Share

PAN

India

Presence

2.2 GW

Projects under

management

Managing REC

Projects in

16

States

Analysis of Gujarat High Court judgement on co-

generation and RPO

On 12th March, 2015, The Gujarat High Court gave its

judgment in the case of Hindalco (Birla Copper), and oth-

ers. This is a landmark judgment for two reasons:

It says that CPP and open access (OA) consumers are

liable to fulfill RPO

It holds that the ApTel’s conclusion that co-generation

power is different from renewable power as held in the

case of Lloyds Metal & Energy prevails over the earlier

decisions as the Lloyds Metal case we delivered by a

full bench. It held that the pervious judgments on this

matter (Century rayon, and various others) have “no

significance and force of law in view of judgment dat-

ed 02.12.2013 rendered by the Full Bench of the

APTEL”

Applicability of RPO on CPP and OA:

The Gujarat HC has considered various aspects and sub-

missions on this topic. It has held that captive generation,

while de-licensed activity, does not make a CPP outside

the preview of the Electricity Act.

It also held that RPO regulations, made with the intent of

greater social good, are applicable on “total consumption

by all modes”. The judgment says:

“The fact remains that the area would always be of distri-

bution licensee as the transmission lines and the system is

of distribution licensee and, therefore, the phrase ‘total

consumption’ is seen by consumers of distribution licen-

see, captive power plants and on supply through distribu-

tion licensee. Thus, the total consumption in the area of

distribution licensee would be total consumption in all

modes, otherwise serious consequences would fol-

low.”(emphasis added)

In the above findings, the Gujarat HC is in line with the

judgment earlier of the Rajasthan HC. In fact, that judg-

ment has been relied upon to a great degree.

On co-generation

On the question of co-generation power being exempt

from RPO as per the ruling of ApTel, the court has ob-

served the following:

“That contention of Mr. S.N.Soparkar that co- gen-

eration plant of petitioners of Special Civil Appli-

cation No.791 of 2011 that it is based on fossil

fuel and is non-conventional in view of decision in

the case of Lloyds Metal & Energy Ltd. [supra] of

APTEL, though appears to be attractive on first blush but non-conventional energy cannot be

equated always with renewable source of energy.”

and

CPP and OA Consumers are liable for

RPO

Non-conventional energy cannot be

equated always with renewable source

of energy

Co-gen power is not same as RE, so RPO

is applicable

Rajasthan Solar Policy 2014

Gujarat RPO - HC



38%

REC Market

Share

PAN

India

Presence

2.2 GW

Projects under

management

Managing REC

Projects in

16

States

“….. co-generation provided under Section 86(1)

(e) of the Act, 2003 is not co-generation stand

alone, but it is co-generation and generation

of electricity from renewable sources of ener-gy. Thus, a source or input of energy may be non

-conventional in the sense that CGP or co- gener-

ation following innovative or advanced technolo-

gy, which may be eco-friendly and reducing car-

bon credit, but only on that ground is not not the

same renewable source of energy like hydro,

wind, solar, biomass, bagasse, etc. That non-

conventional energy always and for all pur-

poses cannot be equated with non-renewable

sources of energy.” (emphasis added)

The HC further added that the most recent judgment of

the ApTel on the issue of RPO applicability on co-gen

power – in the case of Lloyds Metal and Energy – prevails

as it was rendered by the full bench of the ApTel, and

therefore: “Thus, judgment dated 26.04.2010 in Century

Rayon [supra] [Appeal No.57 of 209]; judgment dated

17.04.2013 in IA 262 of 2012 in RP (DFR)

No.1311 of 2012 in Appeal NO.57 of 2009 filed by

Gujarat Electricity Regulatory Commission; judgment

dated 30.01.2013 in Appeal No.54 of 2012 filed by

M/s. Emami Paper Mills; judgment dated 31.01.2013 in Appeal no.59 of 2012 filed by M/s. Vedanta Alu-

minium Ltd. [VA]; and judgment dated 10.04.2013 in

Appeal NO.125 of 2012 filed by M/s. Hindalco Indus-

tries Limited, all delivered by the APTEL have no

significance and force of law in view of judgment

dated 02.12.2013 rendered by the Full Bench of

the APTEL in Appeal No. 53 of 2012.” (emphasis

added)

Impact of the judgment

The judgment is likely to have significant impact in many

ways. Some key impacts are:

RPO applicability on CPP and OA in Gujarat – As of now,

the RPO regulations of Gujarat are not notified with re-

spect to CPP and OA. This was due to the pending court

case. Now that the judgment is delivered, these regula-

tions are likely to be made applicable to CPP and OA.

While the petitioners have the option to approach the

Supreme Court, in our opinion this is likely to have mini-

mal impact. This is because in a very similar case of the

judgment of the Rajasthan HC, the Supreme Court has

refused to give a stay on the judgment.

The judgment with respect to RPO on co-generation

power is also likely to have far-reaching impact, as it

clearly establishes the view that RPO can be made appli-

cable on co-generation power. The court has held that

as per Sec 86(1)(e) of the Electricity Act, co-generation

should not be considered “stand-alone” because only on

the basis of being co-gen it is “not the same as renewa-

ble sources of energy”

-End of Section-

Regulatory Updates

Gujarat RPO - HC



Andhra Pradesh Solar Power Policy 2015

The Andhra Pradesh Government has released its new policy for the development of solar energy projects in the state.

The new policy will replace the previous policy being announced in 2012 by state government. The policy was also

presented during the RE-Invest summit. The main highlights of the policy are listed in the table below:

Apart from the features listed in the tables, the policy also gives directions about migrating projects from solar policy

2012 i.e. projects commissioned after 30th June 2014, to the new policy.

The policy has given a good scope to those who wish to avail OA due to exemption from all major charges and losses,

besides providing deemed scheduling and banking facility. Single clearance will further encourage new pro-

ject proponents. Overall it is a welcome step to promote Solar power in the state.

The policy can be accessed here, for more details.

India’s largest REC Trading Company Clickpower.in: India’s first Green Energy Marketplace

Particulars Description

Objectives 5 GW solar power in next 5 years & developing solar parks in the state and promote solar equip-ment manufacturing.

Operation period 5 years. SPP's will be eligible for the incentives for a period of ten (10) years.

Nodal Agency NREDCAP will act as a Nodal Agency under this policy.

Single Window clearance Disposed within 30 days from the date of registration.

Eligibility for REC All projects eligible for REC benefits.

Incentives Offered

Wheeling Charges Wheeling charges exempted for Intra State OA

Distribution losses Distribution losses for injection at 33 kV or below will be exempted.

Banking 100% Banking all year round, with banking charge @ 2%.

Open access Will be granted for 25 years or for lifetime of project, whichever is earlier.

CSS For third party sale and captive projects the CSS has been exempted for a period of 5 years.

Must Run Status Injection from Solar Power Projects will be considered to be deemed scheduled, subject to prevail-ing regulations/grid code of appropriate commission.

Pollution clearance SPP's will be exempted from obtaining pollution clearances.

Solar Power Projects (SPP's)

Sale of Power to DIS-COM's

DISCOM's would procure around 2,000 MW of solar power capacity in a phases within the next 5 years.

Third party sale or Cap-tive use

For captive use within the State or third party sale within and outside the State of Andhra Pradesh.

Solar Parks Govt. of A.P will develop Solar Parks with capacity additions of around 2,500 MW in the next 5 years

Solar Rooftop The Government will promote solar rooftop systems on gross and or net meter basis.

Solar pump sets 50,000 solar powered pump sets will be operational in the State in the next 5 years.

Solar Manufacturing Incentives like exemption from electricity duty for a period of 10 years & priority in land allotment will be provided.

http://www.nedcap.gov.in/PDFs/SOLAR_POWER_POLICY.pdf

http://clickpower.in/

Regulatory Updates

Gujarat RPO - HC




Andhra Pradesh Wind Power Policy 2015

Andhra Pradesh government has released its new wind power policy, the new policy will be known as Andhra Pradesh

Wind Power Policy 2015. It will replace the previous policy in the state. The policy has been revised to attract new in-

vestment in the state. NREDCAP will act as a Nodal Agency under this policy.

All registered companies, Joint Venture Companies, Central and State power generation/ distribution companies and

public / private sector wind power developers will be eligible for setting up of wind power projects. The more details

of the policy are as in the table below:

The category of projects to be developed is as per the table below:

The power generated from wind projects under category-I will be for sale within the State only. The projects under

category-II and category-III will not have any cap on capacity and both of these projects will be eligible for REC mech-

anism. Apart from this the policy also talks about repowering i.e. for projects where lower capacity and lower hub

height WEGs were installed and which have completed more than 15 years of life, proposals will be considered for re-

placing older turbines with higher capacity WEGs. In such cases, existing PPAs with the state will undergo amendment

with extension of time period for another 25 years. This is subject to the condition that the energy generated from ad-

ditional capacity available due to repowering, will be paid at the rate of tariff determined by APERC from time to time.

The Wind policy can be read here.

Particulars Description

Single Window clear-ance

Disposed within 30 days from the date of registration.

Capacity Allotment NREDCAP will be responsible for capacity allotment for 40 MW.

Incentives Offered

Wheeling Charges Wheeling charges exempted for Intra State OA, but will be applicable for Inter State OA.

Banking 100% Banking all year round, with banking charge @ 2%.

Open access Will be granted for 25 years or for lifetime of project, whichever is earlier.

Electricity Duty Exempted from paying Electricity Duty in case of sale of power to AP DISCOMs.

Industry Status & PPP Status

PPP status will be provided for projects selling power to DISCOM. Incentives under industrial policy.

Must Run Status Injection from Wind Power Projects will be considered to be deemed scheduled, subject to prevailing regulations/grid code of appropriate commission.

Pollution clearance Wind Projects will be exempted from obtaining pollution clearances.

Category of Wind Power Projects to be Developed

Category-I Projects set up in government/revenue or forest areas & also in private lands selling power within state.

Category-II Projects set up for captive use or group captive use /3rd party sale within or outside the state.

Category-III Sale of power at average power purchase cost and availing Renewable Energy Certificate (REC).


http://www.nedcap.gov.in/PDFs/WIND_POWER_POLICY.pdf

Regulatory Updates

Gujarat RPO - HC




CERC Proposes RE Tariff for FY 15

The Central Electricity regulatory Commission (CERC) in its

notification dated 3rd march 2015, has proposed tariff’s

for Renewable Energy Projects. The Commission through

a public notice has invited comments and suggestions

from all stake holder or interested parties by 18th March

2015.

A graph for change in tariff for solar, wind and small hy-

dro projects is as below:

The slight reduction in proposed tariff for wind and solar

projects is due to the reduction in the capital cost being

incurred in this projects.

The CERC drafts can be accessed here.

KERC Revises Wind Tariff Dated 10.10.2013

The Karnataka Electricity Regulatory commission (KERC)

has revised its wind tariff on 24th Feb 2015. The new tariff

has been calculated at Rs. 4.50 per unit, which was Rs 4.20

per unit calculated by KERC in its earlier order dated 10th

October 2013.

The new tariff will be applicable for the projects estab-

lished during the control period of five years commencing

from 10th October, 2013. For the projects which have al-

ready entered into PPAs with ESCOMs from 10th October,

2013 and up to the date of this Order,

the tariff as determined in this Order will be applicable.

The new tariff will be applicable for the projects estab-

lished during the control period of five years commencing

from 10th October, 2013. For the projects which have al-

ready entered into PPAs with ESCOMs from 10th October,

2013 and up to the date of this Order, the tariff as deter-

mined in this Order will be applicable.

The revision in tariff has taken place after honorable

APTEL (Appellate Tribunal for Electricity ) in a hearing of a

petition filed by Indian Wind Turbine Manufacturers Asso-

ciation (IWPA) found some irregularities (mistakes) in tar-

iff calculation and directed the commission to revise the

tariff determined.

The commission earlier through notification invited com-

ments and suggestion on the issues of revising tariff for

wind energy, which after the hearing held on 7th January

2014 has been finalized.

The KERC Order can be accessed here.

Draft Net-Metering Regulation Maharashtra

MERC (Maharashtra Electricity Regulatory Commission)

recently released the draft Net-metering regulations.

In our opinion, these regulations are unlikely to enable

large scale development of roof-top solar projects in the

state. This is because several best-practices observed in

the regulations of other states are missing for the draft

regulations of Maharashtra.

The draft regulations are silent on the applicability of

cross-subsidy and other open access charges. Other

states (eg. Rajasthan) exempt rooftop project from

such charges. A significant growth in roof-top projects

will come from projects developed by investors where

power is consumed by the host consumer. Without a

clear exemption, this model is unlikely to take off in

Maharashtra.

The draft regulations provides no clarity on the ability

of obligated entities to meet their solar RPO from

rooftop projects. Without a clear provision addressing

the same, obligated entities are unlikely to jump in.

6.33 6.014.84

6.2 5.875.02

-2.05% -2.33%

3.72%

-3.00%

-1.00%

1.00%

3.00%

5.00%

-5

-3

-1

1

3

5

7

Solar Wind Small Hydro

CERC RE Tariffs

FY 15 FY 16 (Draft) % change FY15 to FY16


http://www.cercind.gov.in/2014/draft_reg/Public%20NoticeFY2015-2016.pdf

http://www.cercind.gov.in/2014/draft_reg/Petition%20No%20SM%20004%202015.pdf

https://www.karnataka.gov.in/kerc/COURT-ORDERS/COURT-ORDERS-2015/ORDER-Revised_Wind_Tariff_Order-%2024.02.2015.pdf

http://reconnectenergy.com/blog/2015/03/analysis-of-net-metering-regulation-of-rajasthan/

Regulatory Updates

Gujarat RPO - HC




The draft regulations require the Discom to purchase

only up to 10% of the total generation remaining un-

adjusted at the end of the year, and pay the APPC

price on this. This may result in some power going

free to the Discom. However, during the year, extra

power generated will be allowed to be carried forward

without limits to the next month – this is a favourable

provision.

Rooftop projects will not be allowed to go under the

REC mechanism.

The draft regulations, and a related report can be ac-

cessed here. Comments are due to March 31, 2015.

Analysis of Rajasthan Net-metering Regulation

Key points of the Regulation:

Rajasthan came out with the final net-metering regulation

on 26 Feb 2015. The below are some of the key points :

Net-metering permission to be provided on a first-

cum-first-serve basis by the distribution licensee.

Overall capacity to be limited to 30% of the capacity

of the distribution transformer.

Maximum capacity of the plant will be 80% of the

contract demand of the consumer.

Minimum size of the plant – 1kwp, maximum – 1000

kwp.

Time bound approval process by the Discom.

Energy accounting:

Consumer will get credit for energy injected into the

grid for the billing period

If electricity injected exceeds the units consumed in

the month, credit will be carried forward to next peri-

od to the extent of 50 units (the draft regulation had

allowed a full carry forward to the next month).

Excess units (>50 units) will be paid for at the rate set

by RERC (currently Rs 6.631) by the Discom.

The plant will be exempt from banking, wheeling and

cross-subsidy charges. This will encourage the model

of third-party ownership of the plant.

A bi-directional/ net-meter will be required to be in-

stalled. Those with ABT meters already installed will

not be required to install a net-meter.

Issues for consideration:

1. Clarity on Solar RPO fulfilment by an obligated en-

tity through net-metered solar PV project:

The policy is not absolutely clear on the ability of an obli-

gated entity to meet its solar RPO through generation of

rooftop solar. The policy says: “The quantum of electricity

generated from the Rooftop PV Solar Power Plant under

net metering arrangement by an Eligible Consumer,

who is not defined as obligated entity, shall qualify towards compliance of Renewable Purchase Obliga-

tion (RPO) for the distribution licensee in whose area of

the supply the Eligible Consumer is located.” (emphasis

supplied)

Thus, the Discom can meet its solar RPO through entire

generation from a net-metering plant, when the consum-

er is not an obligated entity. Since, for an obligated entity

the Discom will not be able to use the power generated

for RPO offset, it implies that the obligated entity will be

able to use it. However, the regulation does not expressly

state so.

Can an obligated entity avail RPO benefit by installing

a net-metered solar PV project?

In our opinion, the answer is a qualified ‘yes’.

The draft regulation allowed the entire generation from

the plant to be adjusted against the consumption by car-

rying forward such excess (without any limit) to the next

months. However, the final regulation allows carry for-

ward to next month only to the extent of 50 units. The

excess is paid for by the Discom at the preferential tariff.

This will make claiming RPO offset difficult as when the

Discom pays preferential tariff, it will be allowed to

use such power to meet its RPO.

Thus, an obligated entity will only be able to meet its RPO

to the extent of offset available against its consumption,

not on the excess for which received preferential tariff.

It is worth noting that the ability of claiming RPO offsets

is not expressly mentioned in this regulation – instead it is

mentioned in the RPO regulation (2nd Amendment) as

an observation by the commission:

Treatment for Roof Top/Land mounted solar plants in

consumer premises:

The Commission observes that no new provision as sug-

gested by the stakeholders is required in the regulation


http://www.mercindia.org.in/pressrelease.htm

Regulatory Updates

Gujarat RPO - HC




since any RE power produced by captive RE source for

own consumption or taken through open access is con-

sidered towards fulfilment of their RPO…..

However, the energy accounting methodology will be

complex (because of the change where only a limited car-

ry forward is allowed).

In our opinion, the best course of action for an obligated

entity is likely to be to build capacity well within its con-

sumption requirements on a monthly basis, so that the

situation of carry forward does not arise.

2. REC eligibility for a net-metered solar plant:

The draft regulation contained a clause that allowed RECs

as per CERC REC regulations. However, in the final regula-

tion such a clause has been removed. Thus, it appears

that net-metered plants will not be eligible for REC’s.

The RERC final regulation is available here.

Punjab Notifies Draft for Amendment in RPO Regula-

tion

Punjab state Electricity regulatory Commission (PSERC)

has notified a draft along with a staff paper for amend-

ment in RPO regulation. Through public notice the com-

mission has invited comments and suggestions on or be-

fore 20th March 2015.

The new regulation proposes RPO obligation of 7.0%

(4.5% Non-solar & 2.5% Solar) by 2019-20. The details of

the proposed targets (in%) are given in the graphs below:

Punjab is among those few states that have taken strict

action on RPO compliance by imposing heavy penalties

on obligated entities,

albeit most other states have allowed Discoms to carry

forward their RPO to next FY.

As can be seen from the graphs above, the state has pro-

posed ambitious targets for Solar, which will meet the Na-

tional Tariff Policy (NTP) 2006 Solar target set for 2019-20,

albeit proposed Non-Solar targets are much lower. The

proposed total RPO targets are also significantly lower

than the targets set by NAPCC.

Apart from this the commission has also proposed some

changes in the amendment. The commission has pro-

posed new definition for the “obligated entity” which can

be read as:

“‘obligated entity’ means the ‘distribution licensee(s)’, ‘captive user(s)’ of the electricity generated in a Captive

Generating Plant and ‘Open access customer(s)’ which are

mandated under clause (e) of sub-section (1) of Section

86 of the Act to fulfil the renewable purchase obligation;”

Previous definition by the commission, did not include

any consumer or licensee.

The draft can be accessed here.

-End of Section-

2.4 2.93.5

44.9 5.4

6 6.57

56

78

910

1112

13

0

2

4

6

8

10

12

14

2011-12 2013-14 2015-16 2017-18 2019-20

Punjab RPO Target

Total RPO NAPCC Targets

2.37

2.83

3.37

3.81 3.94.1 4.2 4.3

4.5

0.03 0.07 0.13 0.19 11.3

1.82.2

2.5

0.50.75

11.25

1.51.75

22.25

2.5

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

5

2011-12 2013-14 2015-16 2017-18 2019-20

Punjab RPO Targets

Non-Solar RPO (%) Solar RPO (%)

NTP 2006 Targets Solar


http://rerc.rajasthan.gov.in/Regulations/Order84.pdf

http://pserc.nic.in/pages/public_notice_24_02_15.pdf

http://pserc.nic.in/pages/public_notice_24_02_15.pdf

Clickpower.in Market Update

Gujarat RPO - HC


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* Lowest Price as on 03.04.2015

AP Sell: 17 MW

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REC Trade Report - March 2015

Gujarat RPO - HC

Judgment RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates



Non Solar RECs

The Non-Solar market unexpectedly dipped from 747,487 last month to 654,985 RECs this month due to some states

allowing carry forward of RECs to next FY. The clearing ratio was good, but considering that in March last year it was

12.03%, it was significantly lower. Inventory continues to pile up, and has reached an overwhelming figure of close to

10.5 million.

:

For more details please visit our blog-post here.

For past trading history - CLICK HERE


10,825,357 11,361,913 11,190,409 10,907,254

932,679 411,590 522,079 338,899

335,723 537,009 747,487 654,985

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

Dec-14 Jan-15 Feb-15 Mar-15

Non-Solar RECs

Available Issued Redemmed

3.35%

5.84%

5.72%5.26%

2.78%

3.23%

7.89%6.82%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%


Non-Solar Clearing %

IEX PXIL

http://reconnectenergy.com/blog/2015/03/rec-trade-results-march-2015/

http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/02/rec-trade-results-feb-2015/


REC Trade Report - March 2015

Gujarat RPO - HC

Judgment RPO Map Green News REC Project Stats REC Trade Report

Regulatory

Updates



Solar RECs

Overall market clearance remained optimistic this time, with good demand at PXIL and overall good clearance at

both the exchanges. Demand rose from close to 44,869 last month to 68,982 this time, albeit the huge inventory still

left to be carried over to the next FY. Market clearing ratio also improved significantly over previous month, but not

convincing as compared to March 2014, where the clearing ratio was 7.37%.

For more details please visit our blog-post here.


1,407,932

1,560,391 1,528,251 1,554,388

154,518

-71,006

114,192

2,059 32,140

44,869 68,982

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000


Solar RECs

Available Issued Redemmed

0.15%

4.45%

2.70%

3.89%

0.52% 0.24%

3.28%

4.85%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%


Solar Clearing %

IEX PXIL

For past trading history - CLICK HERE

http://reconnectenergy.com/blog/2015/03/rec-trade-results-march-2015/


http://www.reconnectenergy.com/letest-rec-trade-results/

http://reconnectenergy.com/blog/2015/02/rec-trade-results-feb-2015/

REC Project Status - As on 3rd April, 2015

Gujarat RPO - HC



Registered Capacity

4757 MW


Projects Registered

Source wise

All figures

in MW

Biomass

694

Solar

PV 565

Wind

2310 Bio-fuel

Cogeneration

892


Small Hydro

296

Projects Registered State wise

2 23

117

43 59

364

730

84 83

398

196

1,038

167137

23

1,203

27 35 24 50

200

400

600

800

1000

1200

1400

Reg. Capacity (MW)


Green News - National

Gujarat RPO - HC




Modi Tops Obama Solar Pledge With First India Green Dollar Bond

As Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-

power push, the bond market was putting together more concrete funding plans. Export-Import Bank of India,

which has lent to solar and wind programs, sold the country’s first green dollar bonds in a $500 million issue of 2.75

percent notes March 24. Source: Bloomberg.

UP power watchdog approves rooftop solar regulation

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the state rooftop solar regulation,

which would allow consumers in the state to install solar rooftop systems. Such systems could both be harnessed

for self-consumption and also feed the state grid with excess solar power generated. Source: Business Standard.

Govt in talks with lending agencies to raise $3 bn for solar power projects

India is in talks with more than half-a-dozen leading multilateral funding and lending agencies to try and raise at

least $3 billion for solar power projects that will help meet its ambitious renewable energy target, cut the oil import

bill and bolster the nation’s position at climate change talks later this year. The government is in talks with lenders

such as the Asian Development Bank, the World Bank, Germany-based KfW Bankengruppe, the Japan International

Cooperation Agency and the Japan Bank for International Cooperation. Source: Live Mint.

Green energy push: PSBs agree to lend Rs 1.71 lakh crore to finance projects over the next 5 years

State-owned banks will actively promote green energy — considered vital for power-starved India — and have as-

sured the finance ministry to provide around Rs 1.71 lakh crore to the sector in project financing over the next five

years. This will help generate 34,000 megawatts of nonconventional power like wind and solar energy in this period.

Source: The Economics times.

Policy niggles put India's solar dream under a shadow

The ministry of new and renewable energy set a target of adding 1,100 Mw of solar power capacity in 2014-15. The

ministry's website puts the achievement at just 750 Mw. The shortfall wouldn't seem as significant if it wasn't for the

fact that the National Democratic Alliance government hopes to generate 100,000 Mw of power through solar pro-

jects by 2022. Source: Business Standard.

Goyal eyes bidding in dollar to cut solar tariff

The green energy ministry is toying with the idea of using some 'dollar power' to make electricity from solar pro-

jects affordable. The novel plan under discussion has the potential to bring down tariffs in the region of Rs 4-5 a

unit — more or less similar to supplies from gas-fired plants and a tad more than generation from thermal units.

Source: TOI.

MNRE requests all states to come out with a solar policy

The Ministry of New and Renewable Energy (MNRE) has asked all states to come out with a solar policy, a move

that will help the Centre meet its clean energy target. "The Ministry has requested all states to come out with solar

policy. A draft model solar energy policy has been sent to all states. So far, 14 number of states have issued solar

policies," Minister for Power, Coal and Renewable Energy Piyush Goyal said in a written statement in the Lok Sabha.

Source: The Hindu.

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http://www.business-standard.com/article/current-affairs/up-power-watchdog-approves-rooftop-solar-regulation-115032600735_1.html

http://www.livemint.com/Industry/FtCGFgOfRneN1Pd0tpGYNP/Govt-in-talks-with-lending-agencies-to-raise-3-bn-for-solar.html

http://articles.economictimes.indiatimes.com/2015-03-26/news/60516067_1_lakh-crore-idbi-bank-green-energy

http://www.business-standard.com/article/economy-policy/policy-niggles-put-india-s-solar-dream-under-a-shadow-115032501125_1.html

http://timesofindia.indiatimes.com/business/india-business/Goyal-eyes-bidding-in-dollar-to-cut-solar-tariff/articleshow/46681819.cms

http://www.bloomberg.com/news/articles/2015-03-26/modi-tops-obama-solar-pledge-with-first-india-green-dollar-bond

http://www.business-standard.com/article/pti-stories/mnre-requests-all-states-to-come-out-with-a-solar-policy-115031900679_1.html


India’s RPO Map

Gujarat RPO - HC



* BESCOM,MESCOM, CESC - 10 % + 0.25%, HESCOM, GESCOM, Hukkeri Society - 7 % + 0.25%.

Status of Regulation - Final for all states except -

Draft for AP and Telangana, & TN ( Draft Amendments of targets )

RPO on OA Users? - Yes for all states except West Bengal.

Karnataka (5.00% RPO) - Yes (> 5MW).

RPO on CPP? - Yes for all states except West Bengal.

Gujarat, Odisha, Haryana, Bihar, Jharkhand, Tripura, Karnataka (5.00% RPO) - Yes (> 5MW).

RPO Penalty? - Yes (RECmax) for all the states.

West Bengal - Not Specified.

States

2014-15 RPO

Obligation

(Non Solar)

2014-15 RPO

Obligation

( Solar)

Andhra Pradesh 4.75 % 0.25 %

Assam 6.75 % 0.25 %

Arunachal Pradesh 6.80 % 0.20 %

Bihar 4.25 % 0.75 %

Chhattisgarh 6.00 % 0.75 %

Delhi 5.95 % 0.25 %

Gujarat 6.75 % 1.25 %

Haryana 3.00 % 0.25 %

Himachal Pradesh 10.00 % 0.25 %

J&K 5.25 % 0.75 %

Jharkhand 3.00 % 1.00 %

Karnataka 10.00 % * 0.25 % *

Kerala 4.39 % 0.25 %

Madhya Pradesh 6.00 % 1.00 %

Maharashtra 8.50 % 0.50 %

Meghalaya 0.60 % 0.40 %

Odisha 6.25 % 0.25 %

Punjab 3.81 % 0.19 %

Rajasthan 7.50 % 1.50 %

Tamil Nadu 09.00 % 2.00 %

Tripura 2.50 % 1.05%

Uttarakhand 7.00 % 0.075 % Uttar Pradesh 5.00 % 1.00 %

West Bengal 4.35 % 0.15 %

Goa & UTs 2.70 % 0.60 %

Manipur 4.75 % 0.25 %

Mizoram 14.75 % 0.25 %

Nagaland 7.75 % 0.25 %



About REConnect

Gujarat RPO - HC



REConnect Energy is India’s leading renewable energy trading company. We provide end-

to-end services for projects in the Renewable Energy Certificate mechanism – from con-

tract structuring, advisory to monetization of RECs. We also work with power consumers to

manage Renewable Purchase Obligation (RPO) liabilities, and develop and execute their

energy sourcing strategy. We are a knowledge focused company that prides itself in

providing premium services to our clients backed by in-depth research and analysis.

Our other prime area of focus is, facilitating Private PPAs (OTC) by bringing RE Generators

and HT Consumers onto a single platform called Clickpower.in, which we have developed

specifically for this purpose. It is India’s First Green Energy Marketplace.

REConnect is run by an experienced and professional team. The team consists of members

with relevant experience of working at IEX, L&T, JP Morgan, Arthur Andersen and Gensol.

Key members of the team are alumnus of IIT Bombay, Columbia University (an Ivy League

university) and IIT Kharagpur.

For more details of services provided and profile of the management team, please visit our

website.


Contact Details

Bangalore:

Vishal Pandya

[email protected]

No. 2, Victor Mansion , 2nd floor, Ko-

dihalli, Old Airport Road, HAL 2nd Stage

(PO), Bangalore—560008

O : 080 - 6547 3383 / 84

F : 080 - 30723571

New Delhi:

Vibhav Nuwal

[email protected]

C– 503, 5th Floor, Nirvana courtyard,

Nirvana Country, Sector 50,

Gurgaon 122018.

O : 0124 - 4103216

F : 080 - 30723571

Chennai:

Venkat Mutharasu (+919940177993)

[email protected]

# 18/1 (88), 2nd Floor, Aarya Gowda

Road, West Mambalam,

Chennai - 600 033.

Hyderabad:

Satish V. (+91 9945921921)

[email protected]

Solar Market:

Satish V. (+91 9945921921)

[email protected]

Mumbai:

Ram Kumar ( +919930359992 )

[email protected]

1013, 10th Floor,

Micro (Haware) Infotech Park,

Plot no. 16, Sector-30A, Vashi,

Navi Mumbai- 400705,

Maharashtra, India.

Renewable Purchase Obligation (RPO):

Chetan Singh Adhikari ( +91 9910772666)

[email protected]

Renewable Regulatory Fund (RRF):

Siddhartha P. (+91 9916994349)

[email protected]

Follow us on:


https://www.facebook.com/pages/REConnect-Energy/224609660900088?ref=br_tf

https://www.linkedin.com/company/reconnect-energy-solutions

https://twitter.com/REConnectEnergy

open access - reconnect energy access march 2015 volume - 49 wind facilitator of the year & rec...

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