ACME Solar and Hexa Climate Solutions win bids for NTPC’s FDRE projects

ACME Solar Holdings and Hexa Climate Solutions have secured contracts for 400 MW and 300 MW firm and dispatchable renewable energy (FDRE) projects, respectively, as part of a 760 MW bid invited by NTPC. 

Industry sources report that ACME Solar won its capacity at a tariff of Rs 4.69 per unit, while Hexa Climate Solutions secured 300 MW through a reverse auction. Avaada Energy Pvt Ltd won the remaining capacity in the bid, which opened on November 6.

FDRE plants provide round-the-clock renewable power, assisting distribution companies in meeting renewable purchase and energy storage obligations.