Refex Green Power, a wholly-owned subsidiary of Refex Renewables & Infrastructure, has secured a significant wind power project through competitive bidding. According to reports from Business Standard, the company received a letter of award dated September 4, 2026, for establishing an 80-MW Wind Power Project. The project was awarded by SJVN, a joint venture between the Government of India and Government of Himachal Pradesh.
The award structure differs from traditional lump-sum contracts, as reported by Business Standard. The letter of award does not specify any lump-sum contract value or order value. Instead, the project involves development of an 80 MW wind power project with power supply under a long-term Power Purchase Agreement at the discovered tariff of ₹3.88 per kWh. The consideration under the award is tariff-based and will accrue over the tenure of the Power Purchase Agreement based on actual energy supplied, rather than being a fixed contract value.
The project award comes as the Indian government considers low-cost loan facilities for renewable energy projects facing power curtailment challenges, according to recent reports from Reuters. This potential funding mechanism would provide crucial support to developers like Refex Green Power who are navigating the complexities of renewable energy project execution in India. The government's renewed focus on renewable energy financing aligns with the sector's growing importance in India's energy transition strategy.
