TAG: "Renewable Energy Certificates"

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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 |  584

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 |  331

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 |  572

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 |  1266

IEX Sees Record Trading Volumes in May 2024

This surge was driven by a 21 percent YoY rise in electricity volumes, totaling 9,568 MU, and a 640.3 percent YoY increase in Renewable Energy Certificates (REC) trading, amounting to 1,055 MU.

Renewable Energy Certificates | June 06, 2024 | By Abha Rustagi |  1277

Indian Energy Exchange Trades 110 BU of Electricity in FY'24

In FY'24, IEX achieved a milestone by recording 110 billion units (BU) of electricity traded, marking a substantial increase of 13.8 percent compared to the previous fiscal year.

Renewable Energy Certificates | April 05, 2024 | By Abha Rustagi |  2043

IEX Sets New Record with Highest Ever Volumes in January 2024

According to government data published in January’24, the country's energy consumption reached 133.8 BUs, representing a 6 percent increase on a year-on-year basis.

Renewable Energy Certificates | February 06, 2024 | By Abha Rustagi |  1435

IEX Records Strong Performance in December '23

Government data published in December'23 revealed that the country's energy consumption remained steady at 119.07 BUs.

Renewable Energy Certificates | January 05, 2024 | By Abha Rustagi |  1291

IEX Reports Robust Growth in November 2023 Trade Volume

IEX disclosed that the overall volume included an impressive 7.55 lakh RECs, equivalent to 755 MU, contributing to the substantial YoY increase.

Renewable Energy Certificates | December 05, 2023 | By Abha Rustagi |  1360

Need to Setup Storage Systems on Wide Scale in India: RK Singh

There’s a need to establish storage systems on a wide scale in the country, said R.K. Singh, Union Minister of Power and New and Renewable Energy.

Renewable Energy Certificates | January 28, 2022 | By Manu Tayal |  2322

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