Hero Future Energies Wins 120 MW FDRE-RTC Project in SECI Auction at INR 5.25/kWh

Hero Future Energies (HFE), the renewable energy arm of the Hero Group, has secured a 120 MW project under the Solar Energy Corporation of India’s (SECI) 1,000 MW Firm and Dispatchable Renewable Energy – Round-the-Clock (FDRE-RTC) auction, with the project awarded at a tariff of INR 5.25/kWh.

The project, to be developed through Hero Solar Energy, will be integrated with an energy storage system in accordance with the requirements of SECI's FDRE-RTC tender. The project will be developed under a Power Purchase Agreement (PPA) with SECI and is expected to achieve commissioning within 24 months of PPA execution.

The auction was conducted to procure 1,000 MW of FDRE-RTC power from ISTS-connected renewable energy projects integrated with energy storage systems. The 120 MW project will deliver firm, round-the-clock renewable power, demonstrating that clean energy can reliably meet baseload demand while offering a highly competitive tariff. The project builds on HFE’s experience of working with SECI reflecting its continued participation in India’s evolving renewable energy landscape.

Srivatsan Iyer, Global CEO, Hero Future Energies, said, "As India’s energy landscape evolves, the ability to deliver reliable and sustainable renewable power will become increasingly important. This 120 MW project under SECI’s FDRE RTC-V tender reflects our continued focus on developing solutions that can combine reliability, affordability and sustainability. We are pleased to build on our experience of working with SECI and look forward to delivering another project that supports India’s net-zero ambitions." 

Over the past few years, HFE has strengthened its position as a leading clean energy player through investments in hybrid renewable projects, battery energy storage systems and green hydrogen initiatives. With a renewable energy portfolio of 7.2 GWp and 2.9 GWh of BESS, the company is actively developing and operating assets across solar and wind, with a growing focus on hybrid solutions, Firm and Dispatchable Renewable Energy (FDRE) and storage-led offerings that enhance reliability and grid responsiveness.