New Delhi: BluPine Energy has signed a 25-year Power Purchase Agreement (PPA) with SJVN Ltd for the supply of 150 MW of Firm and Dispatchable Renewable Energy (FDRE), marking another significant milestone in India’s transition toward round-the-clock clean power.
The project was awarded under SJVN Green Energy’s FDRE-4 tender, which aims to accelerate the deployment of renewable energy projects integrated with energy storage systems to deliver reliable electricity during peak demand hours.
BluPine Secures 150 MW Under SJVN’s FDRE Auction
BluPine Energy secured the 150 MW capacity in SJVN Green Energy’s 1.5 GW FDRE auction at a discovered tariff of ₹6.74 per kWh.
The long-term agreement provides revenue certainty for the project while supporting India’s growing need for reliable renewable electricity capable of meeting demand beyond daylight hours.
The project forms part of the government’s broader strategy to promote Firm and Dispatchable Renewable Energy (FDRE), combining renewable generation with energy storage technologies.
25-Year PPA to Deliver Assured Peak Power
Under the agreement, BluPine Energy will supply assured renewable electricity during peak demand periods over the next 25 years.
The project will provide clean power during the following time windows:
- 12:00 AM to 8:00 AM
- 5:00 PM to 12:00 AM
These periods typically experience high electricity demand when conventional solar generation alone cannot meet grid requirements.
By integrating renewable energy with storage systems, the project will ensure continuous power availability while reducing dependence on fossil fuel-based generation.
SJVN’s FDRE Tender Promotes Round-the-Clock Renewable Energy
BluPine’s project is part of SJVN Green Energy’s 1.5 GW FDRE-4 tender, designed to strengthen India’s clean energy infrastructure.
Under the tender conditions, developers are required to establish renewable energy projects supported by energy storage systems capable of delivering:
- 1.5 GW of renewable generation capacity
- 6 GWh of daily assured energy storage
- Four hours of dispatchable renewable electricity each day
The integrated approach enables renewable power to be supplied even when solar or wind generation is unavailable.
Energy Storage Becomes Central to India’s Energy Transition
Battery Energy Storage Systems (BESS) and other storage technologies are increasingly becoming critical components of India’s renewable energy expansion.
Unlike conventional solar projects that generate electricity only during daylight hours, FDRE projects combine renewable generation with storage infrastructure to deliver firm power whenever required.
These projects help:
- Improve grid reliability
- Reduce renewable energy curtailment
- Support renewable energy integration
- Meet peak electricity demand
- Lower dependence on thermal power plants
As renewable energy capacity continues to expand, storage-backed projects are expected to play a central role in maintaining grid stability.
Supporting India’s Clean Energy Goals
India has been actively promoting Firm and Dispatchable Renewable Energy (FDRE) through competitive auctions to encourage investments in renewable projects capable of supplying electricity around the clock.
The government’s focus on hybrid renewable energy projects, battery storage and long-term PPAs is intended to accelerate the country’s transition toward a cleaner and more resilient electricity system.
Projects such as BluPine Energy’s 150 MW development contribute to:
- Expanding renewable energy capacity
- Enhancing energy security
- Supporting industrial electrification
- Reducing carbon emissions
- Achieving India’s long-term climate and net-zero objectives
Long-Term Revenue Visibility for Developers
The 25-year Power Purchase Agreement provides BluPine Energy with long-term revenue visibility while offering utilities access to reliable renewable electricity at predetermined tariffs.
Long-duration PPAs remain a key mechanism for attracting investment into large-scale renewable infrastructure by reducing project risk and improving financing opportunities.
Outlook
BluPine Energy’s latest agreement with SJVN highlights the growing importance of firm renewable energy in India’s evolving power sector.
As electricity demand continues to rise alongside the expansion of electric mobility, digital infrastructure and industrial growth, renewable energy integrated with battery storage will become increasingly important for ensuring uninterrupted clean power.
The 150 MW project represents another step toward building a more resilient, low-carbon electricity system capable of meeting India’s future energy requirements while supporting its ambitious renewable energy targets.
