Serentica Renewables has signed a power purchase agreement (PPA) with the Solar Energy Corp. of India (SECI) for 100 MW of round-the-clock renewable power. The developer said it’s India’s first-ever “load-following” PPA, designed in coordination with SECI and state DISCOMs to match the seasonal load profile of the offtakers.
Under the agreement, Serentica will be required to fulfill 80% 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 mix of wind and solar power capacities, backed with battery energy storage systems (BESS). The project is expected to generate over 400 GWh of clean energy annually.
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.”
Established in 2022, Serentica Renewables is a private-sector power producer with a focus on decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. The company has reached 1 GW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO₂ emissions.
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