SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Juniper begins commissioning India’s first FDRE project to supply firm renewable power to Haryana

#Infrastructure News#Industrial#India#Haryana
Last Updated : 27th Apr, 2026
Synopsis

Juniper Green Energy has started commissioning India’s first Firm and Dispatchable Renewable Energy (FDRE) project under the government’s FDRE guidelines. The project integrates 259 MWp solar, 280 MW wind, and 200 MWh battery storage across Rajasthan and Gujarat to deliver reliable power aligned with demand. It has already operationalised its solar and battery components in recent months. The project, awarded under an SJVN tender, will supply 200 MW to Haryana. This development comes at a time when power demand is rising sharply and highlights the growing role of hybrid renewable projects in ensuring grid stability.

Juniper Green Energy Limited has begun commissioning India’s first Firm and Dispatchable Renewable Energy (FDRE) project under the Government of India’s FDRE guidelines, marking a key step in the country’s clean energy transition. The integrated project combines 259 MWp solar, 280 MW wind, and 200 MWh battery energy storage system (BESS) capacity across Rajasthan and Gujarat to deliver firm and scheduled renewable power based on grid demand.


The company has already achieved operational milestones, with the solar component becoming operational in March 2026 and the battery storage system following in April 2026. This phased progress has enabled the project to move into the commissioning stage ahead of several industry peers.

Chief Executive Officer Ankush Malik stated that the project marks the beginning of firm and dispatchable renewable energy in India. He added that the initiative reflects the company’s execution strength, technological capability, and its focus on integrating solar, wind, and storage at scale to improve reliability and innovation in the sector. He further indicated that FDRE represents the future model for powering India’s energy needs.

India introduced the FDRE framework in June 2023 through the Ministry of Power to address growing concerns around grid stability. With renewable capacity expanding rapidly, challenges such as solar generation being limited to daytime and wind variability created the need for a more reliable solution. The FDRE model requires developers to integrate multiple energy sources with storage, enabling them to supply power as per demand schedules, similar to conventional thermal power.

Juniper’s project was awarded under a competitive reverse auction conducted by SJVN Limited as part of its FDRE scheme. The company signed a 200 MW Power Purchase Agreement with SJVN, which has a back-to-back agreement with the Haryana Power Purchase Centre. This structure ensures that Haryana receives a steady supply of clean and reliable electricity, especially during peak demand periods.

The commissioning comes at a time when electricity demand in Haryana is expected to rise sharply during the summer months. By advancing the project timeline, the company aims to support the state’s energy requirements with firm renewable power, reducing dependence on conventional sources.

The FDRE segment has seen strong traction since the policy was introduced. More than 10 tenders exceeding 14 GW capacity have been issued by central and state agencies such as SJVN, NHPC, SECI, and NTPC. Around 10 GW of capacity is already under construction, making FDRE one of the fastest-growing segments in India’s renewable energy sector.

Juniper Green Energy, part of the AT Capital Group, has been expanding its presence in the renewable space with a portfolio of solar, wind, and hybrid projects. The company has an operational capacity of around 1.66 GWp and continues to focus on large-scale integrated energy solutions. The group also has interests in real estate through Experion Developers, which operates in the residential and commercial segments in India.

The company had earlier filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India for a proposed initial public offering, subject to approvals and market conditions.

Source PTI

Have something to say? Post your comment