RE Chronicles - From the Editor’s desk Hello Readers. Hope you enjoyed the second issue of RE Chronicles. We would love to have your feedback on which articles you liked and which ones you didn’t. In this issue, we are bringing you all the articles that we have promised the last time – REC Trading update for September session, Mid-Year Review of REC Markets, a Special Article on RE and a few important updates from the world of RE policy and technology innovations. There is some pretty good movement on the Solar REC trading front as it crossed a couple of important milestones. NonSolar REC Trading, however, seems to be heading towards a Oversupply/Under-demand scenario where the supply is steadily increasing with each passing month but the demand which could be far higher than supply is at the present less than half the supply leading to rock-bottom clearing price. More on this in our REC Trading Update section. We have done a special Mid-Year review of REC markets in order to give our readers a clear picture as to what happened during the first 6 months of this year and what the future holds. On the policy front, Andhra Pradesh has released its Solar Policy which has been very well received by all sections. The benefits issued to project developers under REC scheme, however, have sparked up a debate. More on this in our Policy Update section. On a different note, we have recently shifted our office. Please make note of the new address. We would be happy to see you!! Efficient Carbon Management Solutions, Regus Business Center, 4th Floor, Gumidelli Commercial Complex, 1-10-39 to 44, Old Airport Road, Begumpet, Hyderabad-500016
We have put our best efforts in order to come up with the articles in this third issue. We hope you would enjoy it as much as we did. Kindly give your valuable feedback on how we can improve RE Chronicles and make it even more delightful and interesting for you. Happy reading!!
REC Trading Update – September 2012 REC Inventory: September 2012 witnessed the continuing trend of increased inventory with closing balance of more than 9 lakh RECs. The following sections give an update on the Non-Solar and Solar front.
Non-Solar This month’s REC trading session opened with 598642 Non-Solar RECs and 568124 RECs were issued along the course of the month. Though close to a million Non-Solar RECs were available to be traded, only 711171 were put up for sale by sellers fearing lower clearing price as in August. Though all the Buy-bids were cleared, the closing balance stood at an all-time high of 902320. Non-Solar REC Inventory for Jul-2012 to Sep-2012 (as on 30-Sep-2012) Month, Year
Solar Though the opening balance for Solar RECs was only 181, as many as 1443 RECs (more than all the previous months put together) were issued this month putting the total at 1624. The closing balance stood at a nominal 464. Solar REC Inventory for Jul-2012 to Sep-2012 (as on 30-Sep-2012) Month, Year
REC trading: For the first time since May 2011, all the Non-Solar buy-bids were cleared. Solar REC trading also was impressive as it touched important milestones such as 1000+ ‘Clearing Volume’ and Rs.1 Crore+ ‘Trading value’. The following sections talk about Non-So