Vena Energy, the renewable energy arm of Vena Group and a leading green energy solution provider across the Asia-Pacific region, has signed India’s first load-following Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 MW capacity under the Firm and Dispatchable Renewable Energy (FDRE) scheme.
Launched in June 2023, the FDRE scheme included configurations such as assured peak power, round-the-clock supply (RTC), and load-following delivery as specified by DISCOMs.
While several PPAs have been signed under RTC and peak power categories, this represents India’s first load-following PPA. This aims to provide reliable renewable energy by aligning supply with DISCOMs’ hourly demand profile, requiring projects to integrate wind, solar and storage solutions for a consistent hourly output over 25 years.
Monika Rathi, Head of India at Vena Energy, stated that the milestone highlights the company’s strong technical capabilities, marking its first integrated wind, solar, and energy storage project in the Indian market.
“The project highlights Vena Energy’s expertise in delivering complex and reliable clean energy solutions for India’s sustainable growth,” Monika said. “It also reinforces our ability to manage both pay-as-you-produce and firm and dispatchable PPAs, demonstrating our capabilities across the full spectrum of renewable energy contracts.”
The 100 MW project will have the capacity to generate approximately 380,000 MWh of wind energy and 133,000 MWh of solar energy in its first full year of production. Combined, that’s enough clean energy to power around 487,000 Indian households and equivalent to avoiding 488,000 tonnes of greenhouse gas emissions per annum and saving 380 million liters of water annually compared to conventional thermal energy generation methods.
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