SECI FDRE Tender Sees Major Winners, New ALMM Entry

10 Feb 2026 CW Team

The awards indicate competitive interest across developers, with Adyant and AMPIN also taking capacity in the same auction. Details on their respective allocations were provided in brief industry notices accompanying the tender outcome, signalling a market that remains active despite pressure on margins. Market observers noted that such concentrated victories by two firms may shape near term project development pipelines and grid integration planning.

Separately, the ministry responsible for new and renewable energy released an updated approved list of models and manufacturers for solar cells, labelled ALMM II, which registered Evervolt Solar from Andhra Pradesh as a new entrant. The revision to the approved list aims to update eligible suppliers for domestic procurement requirements and to clarify participation criteria for manufacturing linked programmes. The inclusion of a new supplier reflects ongoing changes in the domestic manufacturing landscape.

Together the auction outcomes and the revised approved list suggest a sector balancing competitive bidding pressures with policy driven supply adjustments. Developers and manufacturers will likely reassess timelines and sourcing strategies as they respond to tariff signals and eligibility changes. The combined developments are expected to influence commissioning schedules for peak supply projects and to inform future tender designs by national procurement agencies. Analysts and lenders will watch procurement schedules and grid readiness closely as a determinant of investment pace and financing conditions.

India's Solar Energy Corporation of India tender for firm and dispatchable renewable energy has produced notable winners after its latest peak supply FDRE auction. Adyant, Serentica, AMPIN and ACME were identified among the successful bidders, with Serentica Renewables and ACME Solar emerging as the largest winners by securing 600 Megawatt (MW) each at a tariff of Rs six point two eight per kWh under the SECI FDRE tender. The results underline continued investor appetite for peak supply contracts. The awards indicate competitive interest across developers, with Adyant and AMPIN also taking capacity in the same auction. Details on their respective allocations were provided in brief industry notices accompanying the tender outcome, signalling a market that remains active despite pressure on margins. Market observers noted that such concentrated victories by two firms may shape near term project development pipelines and grid integration planning. Separately, the ministry responsible for new and renewable energy released an updated approved list of models and manufacturers for solar cells, labelled ALMM II, which registered Evervolt Solar from Andhra Pradesh as a new entrant. The revision to the approved list aims to update eligible suppliers for domestic procurement requirements and to clarify participation criteria for manufacturing linked programmes. The inclusion of a new supplier reflects ongoing changes in the domestic manufacturing landscape. Together the auction outcomes and the revised approved list suggest a sector balancing competitive bidding pressures with policy driven supply adjustments. Developers and manufacturers will likely reassess timelines and sourcing strategies as they respond to tariff signals and eligibility changes. The combined developments are expected to influence commissioning schedules for peak supply projects and to inform future tender designs by national procurement agencies. Analysts and lenders will watch procurement schedules and grid readiness closely as a determinant of investment pace and financing conditions.

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