Vena Energy has signed a landmark 100 MW load-following power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), making it India’s first such agreement under the firm and dispatchable renewable energy (FDRE) scheme, launched in June 2023.

Unlike earlier FDRE contracts focused on assured peak or round-the-clock supply, this new 25-year agreement introduces the load-following category, requiring energy generation to align with the real-time hourly demand profiles of power distribution companies. The project will integrate wind, solar, and storage systems to ensure consistent, dispatchable renewable energy delivery.

In its first full operational year, the facility is expected to generate around 3,80,000 MWh of wind power and 133,000 MWh of solar power—enough to supply electricity to approximately 4,87,000 households. It will also offset an estimated 4,88,000 tonne of greenhouse gas emissions annually and save about 380 million litres of water compared to thermal power generation.

Monika Rathi, Head of India at Vena Energy, said, “The project highlights Vena Energy’s expertise in delivering complex and reliable clean energy solutions... demonstrating our capabilities across the full spectrum of renewable energy contracts.”