Serentica Renewables Signs Landmark 100 MW RTC Power PPA with SECI

Mumbai: Serentica Renewables, a leading renewable energy company in India, has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 MW of round-the-clock renewable power. This marks India’s first-ever “load-following” PPA, designed to match the seasonal load profile of the offtakers.

Key Features of the Agreement

• Serentica will deploy a diversified technology mix of wind, solar, and Battery Energy Storage Systems (BESS) to meet the unique requirement of fulfilling 80% of the specified hourly demand each month.
• Load obligations will range from 17 MW during low-demand hours to 100 MW during peak demand.
• The project is expected to generate over 400 GWh of clean energy annually.

Significance of the Agreement

• This customized contract structure represents a significant step forward in India’s energy transition, offering high-value electricity when consumers need it most.
• It highlights the growing importance of advanced renewable solutions that can reliably address complex demand patterns.

Akshay Hiranandani, CEO, Serentica Renewables, said: “This agreement sets a new benchmark in India’s renewable energy journey. We are demonstrating how innovation in renewable contracting can accelerate decarbonization while also strengthening the stability and resilience of the power grid.”