RE Capacity Growth in India Needs a Wholesale Change in Approach to Bidding in the FDRE Tenders

This research paper examines the shift in India's renewable energy procurement, specifically focusing on the Firm & Dispatchable Renewable Energy (FDRE) tenders introduced by SECI in 2023, and the resulting need for developers to adopt more sophisticated risk management and trading capabilities.

• The Firm & Dispatchable Renewable Energy (FDRE) tenders introduced by SECI in 2023 mark a transition from cost-centric models to a more advanced procurement stage where developers are required to match hourly demand profiles, although an annual relaxation of up to 25% is permitted.
• To remain competitive under the FDRE framework, developers must transition into 'Developers 2.0' by improving market modeling and trading capabilities to manage risks such as price volatility, volume uncertainty, RE price cannibalization, and the optimization of battery storage solutions.

APA

Rodrigues, N., & Vembadi, S. (2024). RE Capacity Growth in India Needs a Wholesale Change in Approach to Bidding in the FDRE Tenders. Ember. https://ember-energy.org/latest-insights/re-capacity-growth-in-india-needs-a-wholesale-change-in-approach-to-bidding-in-the-fdre-tenders

Chicago

Rodrigues, Neshwin, and Shiv Vembadi. RE Capacity Growth in India Needs a Wholesale Change in Approach to Bidding in the FDRE Tenders. Ember, 2024. https://ember-energy.org/latest-insights/re-capacity-growth-in-india-needs-a-wholesale-change-in-approach-to-bidding-in-the-fdre-tenders.

Wikipedia

{{cite report |last1=Rodrigues |first1=Neshwin |last2=Vembadi |first2=Shiv |title=RE Capacity Growth in India Needs a Wholesale Change in Approach to Bidding in the FDRE Tenders |publisher=Ember |date=9 August 2024 |url=https://ember-energy.org/latest-insights/re-capacity-growth-in-india-needs-a-wholesale-change-in-approach-to-bidding-in-the-fdre-tenders |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rodrigues2024capacity, author = {Rodrigues, Neshwin and Vembadi, Shiv}, title = {{RE Capacity Growth in India Needs a Wholesale Change in Approach to Bidding in the FDRE Tenders}}, institution = {Ember}, year = {2024}, month = aug, url = {https://ember-energy.org/latest-insights/re-capacity-growth-in-india-needs-a-wholesale-change-in-approach-to-bidding-in-the-fdre-tenders}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }