Mumbai: The Solar Energy Corporation of India (SECI) has signed a Power Purchase Agreement (PPA) with Serentica Renewables for a 600 MW (2400 MWh) Firm and Dispatchable Renewable Energy (FDRE) project under the FDRE VII Assured Peak tender.
The agreement, signed in Mumbai on July 7, 2026, marks a major step towards developing advanced renewable energy projects capable of supplying clean power during peak demand periods. Serentica Renewables emerged as the largest successful bidder in the auction by securing the highest allocation among participating companies.
SECI and Serentica Renewables Sign Long-Term Renewable Energy Agreement
The newly signed PPA establishes a long-term power supply arrangement between SECI and Serentica Renewables, paving the way for the development of one of India’s significant FDRE projects.
The project is designed to deliver renewable electricity during non-solar and peak demand hours, helping improve grid stability and ensuring a more reliable power supply.
Unlike traditional renewable energy projects that depend on variable generation patterns, FDRE projects combine renewable energy generation with advanced storage solutions to provide firm and dispatchable electricity.
Read also: SECI Floats 70 MW Solar + 25 MW BESS Tender in Andhra Pradesh, Expands India’s Renewable Energy Push
FDRE VII Assured Peak Tender Supports Reliable Clean Power Supply
The FDRE VII Assured Peak tender has a total capacity of 4,800 MWh and represents one of India’s advanced renewable energy procurement initiatives.
Under the Assured Peak model, developers are required to supply electricity during periods when solar generation is unavailable, especially during evening peak hours.
This approach aims to address India’s increasing electricity demand while strengthening the national power grid through flexible and dependable renewable energy solutions.
Project Expected to Reduce Over One Million Tonnes of Carbon Emissions Annually
The 600 MW FDRE project is expected to generate approximately 975 million units of renewable electricity every year.
The project is also estimated to help reduce more than one million tonnes of carbon emissions annually, supporting India’s clean energy targets and climate action goals.
With this addition, Serentica Renewables’ utility-scale renewable energy portfolio has expanded to more than 8.7 GWp, further strengthening its position in India’s renewable energy sector.
Serentica Renewables Highlights Importance of Storage-Backed Renewable Energy
Commenting on the PPA signing, Serentica Renewables CEO Akshay Hiranandani said the agreement represents an important milestone as the project moves from the bidding phase towards execution.
He highlighted that India’s power sector is not only focused on increasing renewable energy capacity but also on ensuring reliable and dispatchable clean power.
According to him, integrating renewable energy with storage systems will play a crucial role in meeting peak electricity demand and improving grid reliability.
FDRE Project to Strengthen India’s Energy Security Goals
The project further enhances Serentica Renewables’ contribution to India’s energy transition by expanding the use of storage-backed renewable energy solutions.
It will support the growing demand for firm, flexible, and reliable clean electricity while contributing to long-term energy security and reducing dependence on conventional power sources.
The initiative aligns with India’s broader goal of increasing renewable energy capacity while maintaining a stable and resilient electricity grid.
About Solar Energy Corporation of India (SECI)
The Solar Energy Corporation of India (SECI) is a public sector enterprise under the Government of India’s Ministry of New and Renewable Energy. It plays a key role in implementing large-scale renewable energy projects, including solar, wind, hybrid, and storage-based power systems, to accelerate India’s transition toward clean and sustainable energy.
