Solar Energy Corporation of India (SECI), the country’s state-owned renewable energy agency, has finalised results for its 1GW Round-the-Clock Thermal Mimic (RTC-TM) tender, awarding the entire capacity to seven bidders at tariffs between INR 5.25/kWh and INR 5.26/kWh (US$0.055/kWh).

Launched in March 2026, the tender targeted firm and dispatchable renewable energy (FDRE) designed to replicate the reliability characteristics of conventional thermal power generation. Five winners secured capacity at INR 5.25/kWh, and the remaining two were awarded projects at INR 5.26/kWh.

Breakdown of allocations at INR 5.25/kWh includes: Emif II Holding V II Coöperatief (100MW), Hero Solar Energy (120MW), Purvah Green Power (70MW), Resolven Four Energy (150MW) and Kengeri Prime Solar Power (180MW). At INR 5.26/kWh, Hexa Climate Solutions won 150MW, while Juniper Green Energy took the largest single share of 230MW. Juniper had bid for 300MW and received 230MW under the tender’s bucket-filling mechanism.

Juniper’s 230MW award will be supported by a 25-year power purchase agreement (PPA) with SECI. The project’s scheduled commercial operation date (COD) is 24 months from the PPA effective date, and the Letter of Award (LOA) will be issued per the tender timeline.

The asset must comply with SECI’s Delivered Firm Round-the-Clock (DFR) criteria, including minimum delivery thresholds of 90% during specified peak hours, 50–60% during solar hours and 70% during non-solar, off-peak periods. Juniper plans to deploy a hybrid setup combining solar, wind and battery energy storage systems (BESS) to satisfy the firm power obligations.