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BrightNight has signed a power purchase agreement (PPA) with state-run NTPC to supply 110 MWac of firm and dispatchable renewable energy (FDRE) over 25 years. The company said, "The energy will be delivered from a 350 MWp solar-wind hybrid project integrated with a 100 MWh battery energy storage system in Rajasthan, and connected via the Inter-State Transmission System (ISTS), the company said in a statement."
“Selected through a competitive bid in March 2024, this partnership strengthens our commitment to powering a world where everyone has clean power when they need it—delivered reliably and sustainably,” BrightNight said.
Recent PPA Signing
Hero Future Energies has also recently signed a PPA with NTPC to supply 120 MW of FDRE under the utility’s FDRE tender. On this occasion, the company said, “Once commissioned, this project will meet the energy requirements of one of North India’s leading states for the next 25 years.”
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Hero Future Energies Sign PPAIn a similar move, Serentica Renewables signed a PPA with NTPC to supply 200 MW of FDRE to Uttar Pradesh’s power distribution companies (DISCOMs). The project will combine solar, wind, and battery storage across multiple states to deliver renewable power on demand, especially during peak hours.
Additionally, Tata Power Renewable Energy Limited (TPREL), earlier this week also signed a Power Purchase Agreement (PPA) with NTPC Limited (NTPC), to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project. Tata Power Company subsidiary’s FDRE project is spread across multiple locations in India and is set to be completed within 24 months.
About The Tender
The 3 GW Firm and Dispatchable Renewable Energy (FDRE) Tranche II auction was launched by NTPC in October 2023, aimed to provide round-the-clock clean power through the Inter-State Transmission System (ISTS). Winning bidders included ABC Cleantech (Axis Energy), which secured 300 MW at a tariff of Rs 4.64/unit, followed by Juniper Green Energy (200 MW) and Hero Future Energies (120 MW) at Rs 4.69/unit each. Serentica Renewables and Tata Power each won 200 MW at Rs 4.71/unit, while BrightNight Renewables (110 MW) and ReNew Power (400 MW) were awarded capacity at Rs 4.72/unit. Acme Cleantech secured 54 MW at Rs 4.73/unit.
