FDRE

Axis Energy Gets APERC Nod For 400 MW Hybrid Projects In Andhra

The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued an order regarding the approval of four amended power purchase agreements (PPAs) between the Southern Power Distribution Company of Andhra Pradesh Limited (APSPDCL) and Axis Renewable Energy Park entities for procuring a total of 400 MW from wind-solar hybrid projects. The agreements were executed under the […]

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Serentica, NTPC Sign PPA To Supply 200 MW FDRE To UP DISCOMs

Serentica Renewables has signed a power purchase agreement with state-run NTPC Ltd to supply 200 MW of firm and dispatchable renewable energy (FDRE) to Uttar Pradesh’s distribution companies (DISCOMS).  The project will combine solar, wind, and battery storage assets across multiple states to deliver on-demand renewable power, particularly during the state’s morning and evening peak […]

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Tender, Tariff, and Takers: 2024 A Brief Review

The renewable energy landscape is witnessing a transformative shift, with bidding processes increasingly favoring innovative solutions like Round the Clock (RTC) energy, Firm and Dispatchable Energy (FDRE), and wind-solar hybrid (WSH) tenders. Notably, energy storage has emerged as a game-changer, becoming an integral component of many new tenders. According to an SBI Caps report, storage […]

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SECI Awards 200 MW FDRE Project To Altra Xergi At Rs. 8.50/kWh

Altra Xergi Power, an O2 Power subsidiary, recently secured a 200 MW project from Solar Energy Corporation of India (SECI). The company secured this project out of the initial 8,000 MWh (2000 MW x 4 hours) renewable energy tender. The Altra Xergi secured the project from SECI at the quoted tariff of Rs. 8.50/kWh to […]

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ACME Solar Set To Bring Its Maiden Wind Project Soon

ACME Solar, a renewable energy project developer, is transitioning beyond its solar-focused roots. The company is gearing up to commission its first-ever wind energy project, marking a significant step in its diversification journey. In a recent investors’ call, the company’s top management shared insights into its evolving strategy and plans for the future. Transition to […]

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Vanilla To BESS: Share of Energy Storage Tenders Goes From 5% To 23% In 10 Ys

From plain vanilla tenders to Firm and Dispatchable Renewable Energy (FDRE), the Indian tendering system has come a long way. Since 2020, demand for energy storage has surged. With nearly a quarter of tenders now requiring energy storage, the need for Energy Storage Systems (ESS) is gaining momentum. SBI CAPS, in its latest report on […]

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ICRA Sees FDRE, RTC Projects As Key Drivers Of India’s RE Growth

A recent report by the Investment Information and Credit Rating Agency (ICRA) foresees a rise in renewable energy capacity in the next six years in India. It is estimated that the share of renewable energy (RE), plus large hydro, in all-India electricity generation, will increase to over 35% in FY2030 from 21% in FY2024. ICRA […]

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NHPC Discovers Lowest Tariff Of Rs. 4.37 For 1.2 GW FDRE Project

NHPC has announced the winners of the 1.2 GW Firm and Dispatchable Energy (FDRE) project under Tranche II. It allocated the project to five successful bidders: Essar Renewables, Juniper Green Energy, Serentica Renewables, Hexa Climate Solutions, and Avaada Energy. According to the tender results, NHPC allocated Essar, Juniper, and Serentica 300 MW, 200 MW, and […]

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Change In FDRE Bidding Norms Can Aid RE Growth: EMBER

EMBER recently released a policy paper highlighting the importance of changing the approach to bidding in the FDRE tenders to increase renewable energy (RE) capacity growth in India. It also stated that it’s unfair to make developers responsible for handling the unpredictable nature of renewable energy in contracts and that this should be rethought. EMBER […]

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