TAG: "Renewable Energy Certificates"

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CERC Issues Regulatory Framework for Virtual PPAs to Support RCO Compliance

The Central Electricity Regulatory Commission has issued comprehensive guidelines for Virtual Power Purchase Agreements (VPPAs), establishing a regulatory framework for bilateral OTC renewable energy contracts that help designated consumers meet their Renewable Consumption Obligation targets.

Renewable Energy Certificates | December 26, 2025 | By Mrinmoy Dey | 1328

Powertrust Collaborates with Microsoft to Deploy 270 MW Distributed Solar in Mexico and Brazil

Powertrust has signed an agreement with Microsoft to deploy 270 MW of distributed solar across Mexico and Brazil over four years, backed by Microsoft’s purchase of RECs to advance its 2030 carbon-negative goal.

Renewable Energy Certificates | December 02, 2025 | By Mrinmoy Dey | 859

Ambit Global Private Client Executes 13 percent Stake Sale in Power Exchange India Ltd

Ambit Global Private Client (Ambit GPC) announces the successful private placement of over 13 percent shares of Power Exchange India Limited (PXIL).

Renewable Energy Certificates | April 21, 2025 | By News Bureau | 1880

IEX Reports 19 Percent Growth in Electricity Trading Volume, Reaches 121 BUs in FY’25

IEX also recorded the highest-ever yearly trade of Renewable Energy Certificates (REC) in FY’25. A total of 178 lakh RECs were traded during the year, marking a 136 percent YoY increase.

Renewable Energy Certificates | April 05, 2025 | By Abha Rustagi | 2572

Banpu NEXT and SolarBK Form JV to Install 390 MW of Rooftop Solar Systems in Vietnam

Banpu NEXT and SolarBK have established a joint venture to provide solar systems for commercial and industrial businesses in Vietnam, marking another important step in expanding the renewable energy portfolio of both companies and driving the country's Net Zero target.

Renewable Energy Certificates | March 15, 2025 | By News Bureau | 2193

IEX Achieves 9 percent Growth in February 2025, Trades 16.37 Lakh RE Certificates

Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 9,622 MU in Febraury’25, marking a 9 percent increase on year-on-year basis. A total of 16.37 lakh Renewable Energy Certificates were traded during the month, marking a 167 percent year on year increase.

Renewable Energy Certificates | March 04, 2025 | By News Bureau | 878

Covestro to Procure 90 MW Renewable Energy from Ørsted

Covestro has announced that four of its US sites have achieved net-zero Scope 2 electricity emissions through Renewable Energy Certificates under its virtual Power Purchase Agreement with Ørsted. The agreement with Ørsted, which provides Covestro with 90 MW of renewable energy capacity, will reduce approximately 90,000 tons of CO2 emission annually.

Renewable Energy Certificates | February 20, 2025 | By Mrinmoy Dey | 1366

IEX Hits 16 Percent Growth in January 2025, Records Highest Ever REC Trading

Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,910 MU in January’25, marking a 16 percent increase on year-on-year basis. IEX recorded highest ever monthly trade of RECs in January ’25.

Renewable Energy Certificates | February 07, 2025 | By News Bureau | 1684

IEX Achieves Highest Monthly Electricity Traded Volume of 11,132 MU in December’24

Indian Energy Exchange achieved highest ever monthly electricity traded volume of 11,132 MU in December’24, marking a 29 percent increase on year-on-year basis. During the month, IEX traded 16.62 lakh renewable energy certificates recording a 58 percent year on year increase.

Renewable Energy Certificates | January 06, 2025 | By News Bureau | 1265

Avangrid and Portland General Electric Sign PPA for 120 MWac Solar Project in US

Avangrid, Inc., member of the Iberdrola Group, and Portland General Electric, are announcing the signing of a Power Purchase Agreement (PPA) for Tower Solar, a new 120 MWac (166 MWdc) solar energy project now under construction in Morrow County, Oregon, in collaboration with QTS and Meta.

Renewable Energy Certificates | December 27, 2024 | By News Bureau | 1881