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Solar power outshines old records despite gloom of pandemic

Solar power outshines old records despite gloom of pandemic Save Normal text size Advertisement Solar power continues to shine despite the coronavirus downturn, with every state and territory except Tasmania breaking records for installed capacity of large-scale and rooftop solar last year. Australia’s solar power capacity grew 33 per cent to 20 gigawatts, from 15 gigawatts in 2019, according to solar consultant SunWiz. Booming rooftop solar installations continued in 2020 despite the disruption from the coronavirus pandemic. Credit:Glenn Hunt Of the 5 gigawatts of new solar capacity added last year, 3 gigawatts was rooftop and 2 gigawatts was large-scale, such as solar farms. “The number of Australians installing rooftop solar systems increased by 40 per cent compared to 2019 levels,” SunWiz managing director Warwick Johnston said.

How REC trading pause will impact India s green energy aspirations

How REC trading pause will impact India s green energy aspirations With the green market still at a nascent stage, the REC market is positioned as a key instrument with huge relevance in the given scheme of things and an abrupt pause is really not an ideal solution for the market as well as its stakeholders Rohit Bajaj | January 25, 2021 | Updated 10:24 IST A seamlessly operational REC market is critical from the perspective of meeting the national green aspirations The Central Electricity Regulatory Commission (CERC) introduced the Renewable Energy Certificate (RECs) mechanism in the year 2010 with an aim to ease the purchase of renewable energy by the state utilities and obligated entities, including the states which are not well endowed with renewable energy sources.

EEX Group continues to strengthen its global position in year of exceptional change

EEX Group continues to strengthen its global position in year of exceptional change Submitted 19/01/2021 - 1:38pm EEX Group continued to strengthen its position in the global commodity exchange space in 2020 by posting significant volume increases across the majority of its energy and commodity portfolio.  The major growth drivers were the European power markets, the environmental markets in Europe and North America and the global dry freight markets. Throughout the year, EEX Group continued to build and develop markets together with its customers and further extended its reach into Asia with the successful entry into the Japanese Power market.  Peter Reitz, CEO of EEX, says: “In 2020, we realised many major ambitions. We reconfirmed our position as the number one exchange group in power trading worldwide, we retained our position as Europe’s leading gas spot exchange and became a major global force in freight trading by gaining the majority share of open interest in the d

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