Serentica Renewables has signed, what is understood to be, India’s first “load-following” power purchase agreement.
In a release, Serentica Renewables said that it has signed a landmark power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 MW of round-the-clock (RTC) renewable power.
This marks India’s first-ever “load-following” PPA, designed in coordination with SECI and state discoms, to match the seasonal load profile of the off-takers.
Under the agreement, Serentica will be required to fulfill 80 per cent of the specified hourly demand each month, with load obligations ranging from 17 MW during low-demand hours to 100 MW during peak demand. To meet this unique requirement, the company will deploy a diversified technology mix of wind, solar, and battery energy storage systems (BESS). The project is expected to generate over 400 GWh of clean energy annually.
New benchmark
Commenting on the milestone, Akshay Hiranandani, CEO, Serentica Renewables, said, “This agreement sets a new benchmark in India’s renewable energy journey. By signing the country’s first load-following PPA with SECI, we are demonstrating how innovation in renewable contracting can accelerate decarbonization while also strengthening the stability and resilience of the power grid.”
Addressing complex demand patterns
This customized contract structure represents a significant step forward in India’s energy transition, offering high-value electricity when consumers need it most. It highlights the growing importance of advanced renewable solutions that can reliably address complex demand patterns.
Also read: Serentica Renewables selects SANY for supply of wind turbine generators
Featured photograph is for representation only