Serentica Renewables on Thursday announced an agreement with the state-owned Solar Energy Corporation of India (SECI) for a 100 MW renewable energy project. This marks India’s first-ever “load-following” power purchase agreement (PPA), designed with SECI and state DISCOMs to match the seasonal electricity demand of offtakers. Under this PPA, the supplier commits to delivering power according to the buyer’s actual demand on an hourly or sub-hourly basis.

The agreement requires Serentica to meet 80 per cent of the specified hourly demand each month, with obligations ranging from 17 MW during low-demand periods to 100 MW at peak hours. To achieve this, the company will deploy a diversified mix of wind, solar, and battery energy storage systems (BESS).

The project is expected to generate over 400 GWh of clean energy annually.

Akshay Hiranandani, CEO of 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 strengthening grid stability and resilience.” Details regarding the project’s tariff and location were not disclosed.