BluPine Energy wins 150 MW capacity in SJVN FDRE auction

The project was awarded to Solarcraft Power India 16 Pvt. Ltd., BluPine Energy’s special purpose vehicle (SPV), at a competitive tariff of ₹6.75/kWh.

BluPine Energy has secured 150 MW capacity under SJVN Green Energy Limited’s 1.5 GW (6 GWh) Firm and Dispatchable Renewable Energy (FDRE) auction. This is a landmark tender aimed at supplying assured peak-hour renewable power integrated with energy storage solutions.

The project was awarded to Solarcraft Power India 16 Pvt. Ltd., BluPine Energy’s special purpose vehicle (SPV), at a competitive tariff of ₹6.75/kWh. Neerav Nanavaty, CEO, BluPine Energy, said, “This win marks another milestone in BluPine Energy’s journey toward building a resilient and dispatchable renewable energy portfolio. As India transitions toward a 24×7 clean power future, projects like these will play a pivotal role in balancing the grid and ensuring reliability without compromising sustainability. Our focus remains on deploying proven technologies, robust storage integration, and operational excellence to deliver on our commitments.”

The awarded capacity will supply firm renewable power during critical peak hours (00:00 to 08:00 and 17:00 to 24:00 daily), strengthening grid stability and enabling utilities to meet surging evening and morning demand through clean energy sources. The 25-year Power Purchase Agreement (PPA) offers long-term visibility and strengthens BluPine Energy’s growing national portfolio.

This win further accelerates BluPine Energy’s ambition to build a 4+ GW portfolio of solar, wind, and hybrid projects by FY2027. With a growing pipeline of solar-wind-storage assets, the company continues to position itself as a partner in India’s energy transition and in delivering bankable, dispatchable clean power for utilities and industries alike.