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. The agreement marks India’s first load-following PPA, designed to align energy supply with the hourly demand profile of discoms.
While other projects in the FDRE scheme have been awarded under round-the-clock and peak power categories, this is the first project to be contracted under the load-following category. The project will integrate wind, solar, and battery energy storage systems to ensure a consistent and dispatchable output over a 25-year period. Furthermore, the project is Vena Energy’s first integrated wind-solar-storage project in India.
The project is expected to generate approximately 380 million units of wind energy and 133 million units of solar energy annually, sufficient to power around 487,000 Indian households. Additionally, it will also help offset approximately 488,000 tonnes of greenhouse gas emissions and save 380 million litres of water annually.
