Reverse Auction Energy Procurement Platform

In a reverse auction for energy procurement, multiple renewable energy developers compete to offer the lowest tariff or best terms to a buyer. Unlike traditional auctions where buyers bid up prices, here sellers bid prices down. Opten Power automates this process through its tender engine, allowing you to receive and compare structured bids from multiple developers simultaneously, ensuring you always get the most competitive rate available.

The platform is designed for commercial and industrial consumers with significant energy loads — including steel, cement, textiles, manufacturing units, warehouses, data centres, IT parks, hospitals, commercial complexes, hotels, and process industries. Essentially, any business spending heavily on grid power and looking to reduce costs through renewable energy procurement can benefit from the platform.

Opten Power supports three models: Capex (full asset ownership with depreciation and tax benefits, ideal for large enterprises), Group-Capex (minimal equity investment with per-unit savings of ₹3–5 and strong IRRs, suited for medium-to-large industries), and Third-Party Open Access (zero upfront capital, ideal for commercial complexes, IT parks, and hotels paying ₹10–15/unit grid tariffs). The platform's analytics help you compare which model delivers the best outcome for your specific profile.

Businesses can cut energy costs by up to 40% through Corporate PPAs facilitated on the platform. Under the Group-Capex model, per-unit savings of ₹3–5 are achievable with compelling IRRs. Third-Party Open Access users save without any capital deployment. Exact savings depend on your current grid tariff, consumption volume, state location, and selected procurement model — all of which the platform calculates instantly.

The platform aggregates and standardizes landing prices — including transmission charges, wheeling charges, and cross-subsidy surcharges — from Distribution Companies (DISCOMs) across all 16 states in real time. This gives buyers an accurate, apples-to-apples cost comparison between grid power and renewable alternatives, eliminating guesswork and ensuring procurement decisions are based on current, verified regulatory data.

Opten Power enables deal closure up to 50% faster than traditional procurement processes. Automated RFP creation, structured bid collection, instant financial analysis, and pre-approved modular PPA templates remove the typical bottlenecks of negotiation and documentation. From project discovery to signed contract, the entire process is streamlined within a single platform without the back-and-forth of conventional energy procurement.

Opten Power currently operates across 16 states in India, covering the major renewable energy markets where open access regulations and strong solar and wind resources create the best procurement opportunities. The platform lists projects from India's top power producers within these states, ensuring buyers have access to verified, high-quality opportunities regardless of where their facilities are located.

Yes. The Portfolio Management Dashboard allows buyers, investors, and enterprises to monitor all active contracts, renewable energy investments, and energy assets from a single unified interface. You can track performance, contract timelines, savings accrued, and compliance status across multiple projects and procurement models — giving you complete control and visibility over your entire clean energy portfolio at all times.