Serentica Renewables has signed a power purchase agreement (PPA) with state-run Solar Energy Corporation of India (SECI) for a 100 MW round-the-clock clean energy project.

This marks India’s first “load-following” PPA, developed in coordination with SECI and state DISCOMs to align with seasonal demand patterns. Under the agreement, Serentica will meet 80 per cent of specified hourly demand each month, ranging from 17 MW during low-demand periods to 100 MW during peak hours.

To meet these obligations, the company will deploy a diversified mix of wind, solar, and battery energy storage systems (BESS). The project is expected to generate more than 400 GWh of renewable power annually.

Akshay Hiranandani, CEO, Serentica Renewables, said, “By signing the country’s first load-following PPA with SECI, we are demonstrating how innovation in renewable contracting can accelerate decarbonisation while also strengthening the stability and resilience of the power grid.”

The company has not disclosed details regarding the tariff or project location.

News source: Outlook Business