power purchase agreement

Serentica Renewables has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 megawatts (MW) of round-the-clock renewable supply.  The company stated that this is the country’s first “load-following” PPA, developed in consultation with SECI and state distribution companies (DISCOMs) to align with the seasonal load profile of the offtakers. The agreement requires Serentica to meet 80 per cent of the contracted hourly demand each month. The load…