Vena Energy signs India’s first load-following RE PPA with SECI

Vena Energy has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India Limited (SECI) for a 100 MW renewable energy project under the firm and despatchable renewable energy (FDRE) scheme. This is India’s first PPA structured around a load-following supply model.

The load-following category is distinct from the round-the-clock and peak power formats seen in other FDRE projects. It aims to align renewable energy generation with the hourly demand profile of distribution companies. This approach improves grid reliability and reduces dependence on thermal power during variable load periods.

The 100 MW project will combine wind, solar and battery energy storage systems. It is designed to deliver consistent and dispatchable power over 25 years. Vena Energy expects the project to generate around 380 million units of wind power and 133 million units of solar power each year.

This will be Vena Energy’s first integrated wind-solar-storage project in India. The company estimates the project will power about 487,000 Indian households annually, offset roughly 488,000 tonnes of greenhouse gas emissions, and save 380 million litres of water.

Vena Energy is an independent power producer active across the Asia-Pacific region. It is part of the Vena Group and focuses on renewable energy development and long-term infrastructure investment.