Juniper Green Energy Emerges Winner in 1 GW SECI FDRE Tender

Juniper Green Energy has emerged as the winning bidder for 230 MW under the e-Reverse auction conducted by the Solar Energy Corporation of India (SECI) for its 1000 MW FDRE Round-the-Clock Renewable Energy tender. The Company secured the capacity at a tariff of INR 5.26 per unit. The Letter of Award (LOA) is expected to be issued within the timelines prescribed under the tender document.

The project further strengthens Juniper Green Energy's growing portfolio of FDRE and Round-the-Clock projects, reinforcing the Company's ability to deliver reliable renewable power through integrated solar, wind and Battery Energy Storage System (BESS) solutions. The project will be backed by a 25-year Power Purchase Agreement (PPA) with SECI, with the Scheduled Commercial Operation Date (SCOD) set at 24 months from the PPA Effective Date.

Under the tender conditions, the project will be required to achieve the prescribed Delivered Firm Round-the-Clock (DFR) commitments, including a minimum of 90 percent DFR during designated peak hours, 50–60 percent during solar hours, and 70 percent during non-solar, non-peak hours. It will leverage Juniper Green Energy's integrated development capabilities across solar, wind and battery storage technologies to ensure consistent and reliable power delivery.

Commenting on the development, Ankush Malik, Whole Time Director and Chief Executive Officer, Juniper Green Energy, said, "This successful bid marks another important milestone in our journey of building large-scale, reliable renewable energy solutions for India's evolving power needs. Firm and Dispatchable Renewable Energy is becoming increasingly critical to enabling round-the-clock clean power, and this project further strengthens our position in this emerging segment. We remain committed to delivering high-quality renewable energy assets that support India's energy transition while creating long-term value for all stakeholders."