REC

Johns Hopkins University Commits to Solar Energy

The 15-year agreement will allow Johns Hopkins to meet roughly two-thirds of the university’s overall electricity needs with solar power. Marking the largest commitment to solar energy in Maryland and one of the most significant pledges to greenhouse gas reduction in higher education, Johns Hopkins University has entered into a long-term agreement to supply its […]

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22 Percent Drop in Renewable Energy Certificates’ Sales in FY 2018-19

In March, sales of RECs or green certificates declined by over 51 percent to 11.78 lakh from 24.26 lakh in the same month last year.  Sales of renewable energy certificates declined over 22 percent to 1.25 crore units this fiscal on IEX and PXIL as compared to 1.61 crore in 2017-18, mainly due to lower inventory (supply), according to […]

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CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC

It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […]

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REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank

This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […]

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REC Pledges $1 Million Contribution Towards International Solar Alliance

In presence of the Power Minister R K Singh, REC’s Director (Technical) S K Gupta and other senior officials from the two organizations, the REC Chairman and Managing Director P V Ramesh handed over the cheque to Interim Director General of ISA Upendra Tripathy. Rural Electrification Corporation, (REC) a state-run power sector financier has announced […]

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Green Energy Association Mulls to Move SC Against APTEL Order on RECs

Last week, the Appellate Tribunal for Electricity (APTEL) had rejected the petition of Green Energy Association and other similar pleas against the CERC’s order. Industry body Green Energy Association is planning to move the Supreme Court against the tribunal APTEL’s order which upheld power regulator CERC’s ruling reducing forbearance and floor price of renewable energy certificates (RECs) of solar and non-solar energy. The Green […]

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Don’t Grant Loans to Huge Loss Making Discoms, says RK Singh to REC, PFC

He said that many distribution companies have been making heavy transmission and distribution (T&D) losses and it may be difficult for them to repay the loans. In a review meeting, the Union Minister of State (IC) Power and New & Renewable Energy, R K Singh has directed the two financing arms of the Power Ministry […]

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KOR Energy Bags Orders For 2.8MWp Rooftop Solar Power Plants

REC Solar twinpeak modules and ABB Invertors are being used in these solar power plants to ensure maximum efficiency and performance consistency. A solar power company, KOR Energy (India) Pvt. Ltd. has bagged orders from four companies for rooftop solar plants in the industrial area of Uttar Pradesh. Of the total 2.8MWp, 1200KWp rooftop solar […]

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REC TwinPeak 2S 72 Series 72- cell Multicrystalline Solar Panels

Product Brief: REC launched its REC Twin- Peak 2S 72 Series, which is rated up to 350 Wp and is the highest power 72-Cell Multi-crystalline solar panel. REC TwinPeak 2S 72 addresses the needs of our customers in the C&I and utility-scale segments who demand large panels, with lighter weight, and high power combined with […]

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