en.Wedoany.com Reported - Serentica Renewables has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) under the Firm and Dispatchable Renewable Energy (FDRE) VII tender for a capacity of 600 MW (2,400 MWh), marking a significant step toward the project's implementation phase. The company emerged as the largest winner in this auction round, securing the highest allocation among all bidders.
The PPA formalizes a long-term offtake arrangement, laying the foundation for developing one of India's most advanced firm and dispatchable renewable energy projects. The project aims to enhance grid reliability by delivering renewable power during peak demand hours. The FDRE VII tender, with a total capacity of 4,800 MWh, is one of India's most technically sophisticated renewable energy procurement frameworks. Unlike conventional renewable energy tenders, its guaranteed peak structure stipulates that power offtake occurs only during non-solar hours, directly addressing the country's growing evening peak demand and strengthening grid reliability.
The project is expected to generate approximately 975 million kWh of renewable energy annually, helping to avoid over 1 million tonnes of carbon emissions each year. With this win, Serentica's utility-scale portfolio has grown to over 8.7 GWp of renewable energy capacity. Company CEO Akshay Hiranandani stated that signing the PPA is a key milestone in converting successful bids into execution. He noted that as India's power system evolves, the focus is shifting from merely adding renewable capacity to ensuring reliable, dispatchable clean energy, and this project demonstrates how integrated renewable generation and energy storage can support grid stability and reliably meet peak demand.
The project strengthens Serentica's role in driving India's energy transition by expanding the deployment of storage-backed renewable energy solutions, while also supporting the nation's growing demand for reliable, flexible, and clean electricity and contributing to energy security.
