BluPine Energy has announced that it has secured a 150 MW Firm and Dispatchable Renewable Energy (FDRE) project from SJVN Green Energy Limited, underlining its growing presence in India’s renewable energy sector.

The project, awarded through SJVN Green Energy’s 1.5 GW FDRE auction, was granted to Solarcraft Power India 16 Pvt Ltd, a special purpose vehicle (SPV) of BluPine Energy, at a competitive tariff of Rs 6.75 per kilowatt hour.

FDRE projects integrate solar, wind, and battery energy storage systems (BESS) to deliver reliable, round-the-clock renewable power, especially during peak demand hours. The awarded capacity will supply firm renewable energy between midnight to 8 a.m. and 5 p.m. to midnight, helping stabilise the grid and support utilities in meeting morning and evening peak requirements sustainably.

A 25-year Power Purchase Agreement (PPA) has been signed for the project, ensuring long-term operational visibility and adding to BluPine Energy’s expanding national portfolio.

BluPine Energy, backed by Actis, a global leader in sustainable infrastructure investment, said the project represents a major step forward in India’s journey towards firm, clean, and dispatchable renewable energy solutions.