Vena Energy, a green energy solution provider across the Asia-Pacific region, has signed a load-following 100 MW renewable power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI). It will develop renewable energy projects backed with energy storage to ensure firm and dispatchable renewable power supply matching the demand.
Launched in June 2023, the FDRE scheme included configurations such as assured peak power, round-the-clock supply (RTC), and load-following delivery as specified by DISCOMs.
While several PPAs have been signed under RTC and peak power categories, this represents India’s first load-following renewable PPA. This aims to provide reliable renewable energy by aligning supply with DISCOMs’ hourly demand profile, requiring projects to integrate wind, solar and storage solutions for a consistent hourly output over 25 years.
Monika Rathi, Head of India at Vena Energy, stated that the milestone highlights the company’s strong technical capabilities, marking its first integrated wind, solar, and energy storage project in the Indian market.
“The project highlights Vena Energy’s expertise in delivering complex and reliable clean energy solutions for India’s sustainable growth,” said Rathi. “It also reinforces our ability to manage both pay-as-you-produce and firm and dispatchable PPAs, demonstrating our capabilities across the full spectrum of renewable energy contracts.”
Vena Energy stated that its 100 MW project will have the capacity to generate approximately 380,000 MWh of wind energy and 133,000 MWh of solar energy in its first full year of production. Combined, that’s enough clean energy to power around 487,000 Indian households and equivalent to avoiding 488,000 tonnes of greenhouse gas emissions per annum and saving 380 million litres of water annually compared to conventional thermal energy generation methods.
Vena Energy has a renewable power portfolio of 38 GW across onshore wind, solar, and offshore wind projects, and a green energy infrastructure pipeline including 25 GWh of BESS and 848 ktpa of green hydrogen and ammonia.
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