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					</table><p>ABC Cleantech (<a href="https://axisenergy.in/" target="_blank" rel="noopener">Axis Energy</a>), <a href="https://www.junipergreenenergy.com/" target="_blank" rel="noopener">Juniper Green Energy</a>, Serentica Renewables India 11 (<a href="https://www.serenticaglobal.com/" target="_blank" rel="noopener">Serentica Renewables</a>), <a href="https://www.tatapowerrenewables.com/" target="_blank" rel="noopener">Tata Power Renewable Energy</a>, and ReNew Solar Power (<a href="https://www.renew.com/" target="_blank" rel="noopener">ReNew</a>) won significant capacities in <a href="https://ntpc.co.in/" target="_blank" rel="noopener">NTPC</a>’s auction to supply 3 GW of firm and dispatchable renewable energy (FDRE) from inter-state transmission (ISTS)-connected projects anywhere in India under FDRE Tranche II.</p>
<p>The other winners were Hero Solar Energy (<a href="https://www.herofutureenergies.com/" target="_blank" rel="noopener">Hero Future Energies</a>), BN Dispatchable-1 (<a href="https://brightnightpower.com/" target="_blank" rel="noopener">BrightNight Power</a>), and <a href="https://www.acme.in/" target="_blank" rel="noopener">ACME Cleantech Solutions</a>.</p>
<p>ABC Cleantech quoted the lowest tariff of ₹4.64 (~$0.0555)/kWh to win 300 MW, whereas Juniper and HFE quoted ₹4.69 (~$0.0561)/kWh to win 200 MW and 120 MW respectively. Serentica and Tata Power won 200 MW each by quoting ₹4.71 (~$0.0564)/kWh.</p>
<p>BN Dispatchable 1 and ReNew quoted ₹4.72 (~$0.0565)/kWh to win 110 and 400 MW, respectively. ACME won 54 MW out of the 250 MW quoted capacity at ₹4.73 (~$0.0566)/kWh.</p>
<p>The participants who did not qualify are TEQ Green Power XIV (O2 Power) and Solarcraft Power India 13 (BluPine Energy), who quoted ₹4.82 (~$0.0576)/kWh and ₹5.25 (~$0.0627)/kWh.</p>
<p>Only 1,584 MW out of the total 3 GW was auctioned. The aggregate bids received were for only 1,980 MW. The auction capacity was reduced accordingly to 1,584 MW using the following calculation &#8211; aggregate bid capacity x 0.8.</p>
<p><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-64737" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table.png" alt="NTPC FDRE-II Auction Result table" width="862" height="385" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table.png 862w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table-300x134.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table-768x343.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table-650x290.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table-624x279.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/NTPC-FDRE-II-Auction-Result-table-600x268.png 600w" sizes="(max-width: 862px) 100vw, 862px" /></p>
<p>NTPC had floated the tender for the projects in October 2023.</p>
<p>The projects will be developed on a build-own-operate basis.</p>
<p>The lowest tariff discovered in this auction is ~17% less than the tariff discovered in the most recent FDRE auction conducted by the Solar Energy Corporation of India (SECI) and ~2% higher than the tariff discovered in the FDRE auction conducted by NHPC.</p>
<p>SECI’s auction to supply 1.5 GW FDRE from ISTS-connected projects under Tranche II <a href="https://www.mercomindia.com/hfe-jsw-serentica-renew-win-secis-1-5-gw-fdre-auction" target="_blank" rel="noopener">discovered</a> the lowest tariff of ₹5.59 (~$0.0668)/kWh.</p>
<p>NHPC’s auction to supply 1.5 GW of FDRE (Peak Power Supply) from ISTS-connected projects coupled with energy storage systems <a href="https://www.mercomindia.com/brightnight-renew-acme-win-nhpcs-renewables-auction" target="_blank" rel="noopener">recorded</a> the lowest tariff of ₹4.55 (~$0.0543)/kWh.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender activity.</p>


Axis, ReNew, Juniper, Serentica, TPREL Win NTPC’s 3 GW FDRE-II Auction

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