FDRE projects India

India | News | Renewable Energy

Evren secures $600 million for 1 GW FDRE hybrid projects
By April 23, 2026April 22, 2026

Evren, a platform launched by Brookfield in India as a joint venture with Axis Energy, has secured approximately $600 million to develop its Firm and Dispatchable Renewable Energy (FDRE) hybrid project in Andhra Pradesh and Rajasthan. This is among the first large-scale, fully integrated FDRE project financings in India. The project, with an installed capacity…

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Regulatory Updates

CERC adopts Rs 3.13/kWh tariff for FDRE projects, flags greenshoe use
By April 19, 2026April 19, 2026

The Central Electricity Regulatory Commission (CERC) has adopted a tariff of Rs 3.13 per kWh for 1,200 MW of ISTS-connected solar projects, coupled with 600 MW/2,400 MWh Energy Storage Systems (ESS), discovered through a competitive bidding process conducted by NHPC Limited. The Commission, however, restricted part of the additional capacity allocation under the ‘Greenshoe Option’…

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