Serentica Renewables has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 600 MW Firm and Dispatchable Renewable Energy (FDRE) project, marking a significant step in India’s transition towards reliable clean energy. The project will supply renewable power during peak demand hours, helping strengthen the country’s energy security while supporting its decarbonisation goals.

The agreement follows Serentica Renewables’ successful bid in SECI’s FDRE VII Assured Peak tender, where the company secured the largest allocation among all participating developers.

Largest Share in SECI’s FDRE VII Tender

Under the agreement, Serentica Renewables will develop a 600 MW (2,400 MWh) renewable energy project as part of SECI‘s FDRE VII Assured Peak programme. The project is part of a total tendered capacity of 4,800 MWh, making it one of India’s largest renewable energy procurement initiatives designed to deliver reliable power during peak demand periods.

With the signing of the PPA, the project now moves into the implementation phase.

Focus on Reliable Renewable Power

Unlike conventional solar projects that mainly generate electricity during daylight hours, the FDRE framework requires developers to ensure a dependable supply of renewable energy during non-solar or peak demand hours.

This model combines different renewable energy sources and advanced technologies to provide a stable power supply, addressing one of the key challenges in renewable energy integration.

Supporting India’s Clean Energy Goals

According to the company, the project is expected to generate nearly 975 million units of clean electricity every year, while helping avoid more than one million tonnes of carbon emissions annually.

The initiative is expected to contribute to India’s broader objective of increasing the share of renewable energy in its power mix while reducing dependence on fossil fuels.

Renewable Portfolio Crosses 8.7 GW

Following this agreement, Serentica Renewables’ utility-scale renewable energy portfolio has expanded to over 8.7 GWp, further strengthening its position in India’s fast-growing clean energy sector.

Also Read | ACME Solar Signs 25-Year PPA with SECI for 300MW Renewable Energy and Storage Project

The company continues to focus on developing large-scale renewable power projects capable of delivering reliable electricity to commercial and industrial consumers while supporting the country’s long-term sustainability and net-zero ambitions.

Key Highlights

• Serentica Renewables has signed a 600 MW FDRE Power Purchase Agreement with SECI.
• The project was awarded under SECI’s FDRE VII Assured Peak tender.
• Serentica secured the largest allocation among all bidders.
• The project will supply renewable power during peak demand and non-solar hours.
• It is expected to generate around 975 million units of electricity annually.
• The project will help reduce over one million tonnes of carbon emissions every year.
• Serentica Renewables’ total utility-scale renewable energy portfolio has now grown to more than 8.7 GWp.

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