Vena Energy signs India's first load-following PPA with SECI for 100 MW under FDRE scheme
Vena Energy
has signed a 100 MW load-following Power Purchase Agreement (PPA) with the
Solar Energy Corporation of India
(SECI), marking the country's first such agreement under the Firm and Dispatchable
Renewable Energy
(FDRE) scheme launched in June 2023.
While previous PPAs under the FDRE programme have covered assured peak power and round-the-clock (RTC) supply, this agreement introduces the load-following category, requiring renewable energy developers to match their supply with the hourly demand profiles of distribution companies (DISCOMs). The 25-year contract mandates integration of wind, solar, and storage systems to ensure consistent delivery.
Monika Rathi, Head of India at Vena Energy, said, 'The project highlights Vena Energy's expertise in delivering complex and reliable clean energy solutions for India's sustainable growth. 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.'
The project is expected to generate approximately 380,000 MWh of wind energy and 133,000 MWh of solar energy in its first full year of operation. According to the company, this is sufficient to power around 487,000 households and is equivalent to avoiding 488,000 tonnes of greenhouse gas emissions annually, while saving 380 million litres of water compared to conventional thermal energy sources.
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