SJVN's 1.5 GW FDRE auction settles at uniform INR 6.74/kWh tariff

Saur Energy reports that ACME Solar and Solarcraft Power voluntarily reduced their discovered tariffs by INR 0.01/kWh in SJVN's 1.5 GW firm and dispatchable renewable energy tender. The change aligned all four successful bidders at INR 6.74/kWh, covering procurement of 6,000 MWh of assured peak renewable power backed by energy storage. This is notable because uniform FDRE pricing could simplify downstream power sale agreements with discoms and shows India's storage-backed renewable auctions becoming more competitive without viability gap funding.