News
RE Procurement
July 11, 2024
Thailand's EV insurance struggles with high costs, rapid depreciation
With a loss ratio exceeding 90% for Thailand's EV insurance and fluctuating prices in both new and used cars, insurance companies encounter significant challenges in setting appropriate insurance premiums.
April 15, 2024Malaysia launches new pricing for green electricity with cheaper tariffs
The Ministry of Energy Transition and Water Transformation of Malaysia (PETRA) has launched a new tiered pricing mechanism with lower rates for the Green Electricity Tariff (GET) program set to a quota of 6,600 GWh this year.
March 25, 2024Thailand commits to accelerating green energy trading liberalization by year’s end
The direction of Thailand's "Direct Power Purchase Agreement" is set to become clearer. Chai Wacharonke, spokesperson for the Thai Prime Minister's Office, stated that Prime Minister instructed to expedite the policy to liberalize green energy trading in
November 30, 2023Taipower’s Round 2 auction for renewables awards 60 companies
Taipower has announced results of its Round 2 auction for small-amount green electricity on Nov. 30, with 60 companies winning contracts, with the new bundle of “100,000 kWh for five-year period” receiving the most bids.
July 27, 2023Indonesian businesses are embracing RECs, says PLN
The usage of renewable energy through Renewable Energy Certificates (RECs) provided by PT PLN, Indonesia’s state-owned electricity company, is increasing in demand, as evidenced by its collaborations with several large companies.
December 29, 2022Delhi High Court suspends REC trading for six weeks
The Delhi High Court has suspended the market for trading renewable energy certificates (RECs) issued before October 31, 2022 for six weeks.
December 26, 2022CERC raises fees & charges on REC certificates
The Central Electricity Regulatory Commission (CERC) has agreed on Dec. 9 to revise up fees and charges paid by eligible entities for accreditation, registration and issuance renewable energy certificates (RECs).
November 04, 2022European renewable certificates hit all-time high amid hydropower shortage
The market for European renewable energy guarantees of origin (GOs) saw prices breaking the EUR 6/MWh mark.
June 30, 2022Meridian Group buys RECs for its entire DC portfolio
US real estate management company Meridian Group announced this week that it has entered into a contract with energy company Constellation to purchase renewable energy certificates (RECs) for nearly its entire portfolio in the Washington, D.C., area.
June 29, 2022India lacks penalty enforcement to stimulate voluntary REC purchases
Despite a major legislative push for renewable energy, voluntary purchasers of renewable energy certificates (REC) are still insignificant in India, consulting firm Intellecap said in its report.