Solex Green Energy Bags ₹68.7 Cr Multi-Client Solar Order

Solex Energy’s subsidiary, Solex Green Energy, has bagged multiple orders under Gujarat’s Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, it said in a regulatory filing. It added that the company secured the project from multiple awardees, under the Government’s Distributed Renewable Energy Bilateral Purchase (DREBP) policy. It added that the cumulative solar project order of 24.1 MW comprises a total consideration of ₹68.685 crores. 

Solex Green Energy won the latest order from the following individuals and entities such as 1. Shilpi Saileshbhai Khemka 2. Rekhaben Pravinbhai Dankhara 3. Khemka Balkrishna Satyanarayan 4. Khemka Sunayana Balkrishna 5. Asha Chiragkumar Gorasiya 6. Urvashiben Hardik Gorasiya 7. Sapna Vipulbhai Shah 8. Paulomi Chetanbhai Shah 9. Jenish Pravinbhai Dankhara 10. Agrawal Jeenal Vasudev 11. Kamal Kishore Agarwal 12.Narayan Arun Patodia 13. Kavita Piyushbhai Chandak 14. K M Enterprise.  As per the latest order, SOLEX is expected to complete these projects during the FY 2025-26 in various tranches.  

DREBP Scheme

Gujarat’s Distributed Renewable Energy Bilateral Purchase (DREBP) scheme aims to streamline renewable energy development for small-scale investors, according to Gujarat Urja Vikas Nigam Ltd (GUVNL). The policy targets solar projects of up to 5 MW and wind projects below 10 MW.

DREBP offers simplified registration, priority grid connectivity, and power purchase agreements at Gujarat Electricity Regulatory Commission (GERC)-determined tariffs, bypassing competitive bidding. It also ensures expedited approvals for project commissioning to bolster the state’s clean energy capacity.

Renewable developer KPI Green has previously secured orders under the DREBP scheme, aligned with the Gujarat Renewable Energy Policy 2023 and GERC Tariff Orders No. 5 and 6 of 2024. For solar projects up to 5 MW, GERC has set a levelized tariff of ₹2.76/kWh and a net tariff of ₹2.48/kWh.

Under the GERC framework, power generated through DREBP will count towards distribution companies’ Renewable Purchase Obligations (RPOs). The state’s renewable energy policy allows individuals, companies, and associations to develop solar projects up to 4 MW and wind projects under 10 MW without competitive bidding. GERC Tariff Orders 5 and 6 of 2024 permit applicants to receive automated letters of award (LoAs) from DISCOMs or GUVNL and sign connectivity agreements within 15 days.