Weekly Power Sector Round up: 27th November 2021

Germany commits €1.2 billion in clean energy development to India

Germany announced development commitments to the tune of €1.2 billion (Rs 10,025cr) to India to support efforts against climate change and towards clean energy projects.

German Ambassador Walter Lindner said support for the development and the fight against climate change are among key focus areas of relations between India and Germany.

Warning said the Indo-German cooperation is resting on four key megatrends: climate change, urbanisation, degradation of natural resources and pressure on democracy and society.

Green certificates to resume trading on IEX, PXIL after 16 months

Trading of renewable energy certificates is set to resume on the Indian Energy Exchange (IEX) as well as Power Exchange of India (PXIL) after a gap of 16 months.

Renewable Energy Certificate or green certificate trades were suspended in July 2020 after APTEL decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by Central Electricity Regulatory Commission (CERC).

Appellate Tribunal For Electricity (APTEL) and CERC have given the go-ahead to begin RECs trading in their orders issued on November 9 and November 18, respectively.