SECI has successfully concluded its FDRE (Firm and Dispatchable Renewable Energy) tender, discovering a tariff of ₹4.98 per unit. This result is seen as a significant milestone in India’s journey toward ensuring firm, round-the-clock green power supply.
The FDRE model focuses on blending renewable energy sources like solar and wind with storage and thermal solutions. This ensures reliability and consistency, addressing one of the biggest challenges in renewable energy deployment.
With this tender, SECI aimed to create a framework that enables renewable energy to compete with conventional power sources in terms of reliability and dispatchability. The ₹4.98 per unit tariff demonstrates growing market maturity.
Industry experts believe this tariff sets a new benchmark for dispatchable renewable energy in India. It signals a major shift from variable renewable power to firm supply that can support grid stability and round-the-clock usage.
This tariff is also reflective of increasing investor confidence in the renewable-plus-storage model. Developers are showing readiness to adopt advanced technologies to meet the requirements of FDRE.
SECI’s move is part of India’s broader energy transition strategy, which involves reducing dependency on fossil fuels while maintaining power reliability. The FDRE model is expected to play a key role in this shift.
The competitive bidding process attracted considerable interest from major renewable energy developers. This shows that the industry is ready for the next phase of evolution, where dispatchable power is as important as affordability.
The ₹4.98/unit tariff is not just a number—it reflects improved financial models, risk assessment, and optimization strategies deployed by bidders. It also underscores the importance of policy support and long-term power purchase agreements.
As India moves closer to its 500 GW non-fossil fuel target, initiatives like the FDRE tender will become increasingly critical. This discovery is a step in the right direction toward achieving a reliable, sustainable, and clean energy future.
