Serentica Renewables Signs 100 MW RTC Power PPA with SECI

19th Sep 2025

New Delhi, 19 September 2025 Serentica Renewables, a leading renewable energy company in India, has signed a landmark Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 MW of round-the-clock renewable power. This marks India’s first-ever “load-following” PPA, designed in coordination with SECI and state DISCOMs to match the seasonal load profile of the offtakers.

Under the agreement, Serentica will be required to fulfill 80% of the specified hourly demand each month, with load obligations ranging from 17 MW during low-demand hours to 100 MW during peak demand. To meet this unique requirement, the company will deploy a diversified technology mix of wind, solar, and Battery Energy Storage Systems (BESS). The project is expected to generate over 400 GWh of clean energy annually.

Commenting on the milestone, Akshay Hiranandani, CEO, Serentica Renewables, said, “This agreement sets a new benchmark in India’s renewable energy journey. By signing the country’s first load-following PPA with SECI, we are demonstrating how innovation in renewable contracting can accelerate decarbonization while also strengthening the stability and resilience of the power grid.”

This customized contract structure represents a significant step forward in India’s energy transition, offering high-value electricity when consumers need it most. It highlights the growing importance of advanced renewable solutions that can reliably address complex demand patterns.

About Serentica Renewables

Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source across India’s energy landscape, Serentica is driving large-scale decarbonization & contributing to the nation’s broader goals, including through government tenders. The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India’s largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO₂ emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.

For more details, please visit www.serenticaglobal.com

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Komal Vispute
Chief Manager – Marketing Communications
komal.vispute@serenticaglobal.com