Serentica Renewables has secured 600 MW in the Solar Energy Corp. of India’s (SECI) FDRE VII assured peak power tender, the largest allocation to a single bidder in the auction.
Launched last year, the SECI tender sought bids for the development of 1.2 GW of renewable energy projects coupled with energy storage systems to ensure 4.8 GWh (1,200 MW × four hours) of daily peak power supply. Unlike conventional renewable energy tenders, the assured peak power structure mandates electricity delivery exclusively during non-solar hours, targeting India’s rising evening peak demand and improving grid reliability.
Serentica secured a contracted capacity of 600 MW, corresponding to 2,400 MWh of daily peak power. The developer said it will deploy a co-located solar and battery energy storage system, providing a fixed four-hour daily peak supply. This will be the company’s largest single-location battery energy storage system (BESS) deployment to date.
The project must meet a demand fulfilment ratio of 70% on a monthly basis and 85% annually, ensuring consistent and reliable delivery during peak demand periods.
“India’s energy transition is entering a phase where reliability and availability are as important as capacity addition. The FDRE VII Assured Peak tender marks a pivotal shift in that direction. By delivering clean power during non-solar hours, this project addresses one of the grid’s most pressing challenges of meeting evening peak demand sustainably,” said Akshay Hiranandani, CEO, Serentica Renewables. “At Serentica, we remain focused on building renewable solutions that are not only clean, but also dispatchable, dependable, and closely aligned with the needs of the power system.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.