Vena Energy Signs India’s First 'Load-Following RE PPA' with SECI

Vena Energy, the Asia-Pacific renewable energy arm of the Vena Group, has signed India’s first load-following Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI), marking a significant milestone under the Firm and Dispatchable Renewable Energy (FDRE) scheme.

A load-following PPA is a type of energy contract in which the electricity supplier commits to deliver power that matches the buyer’s actual electricity demand on an hourly (or sub-hourly) basis. This is different from traditional renewable PPAs that provide fixed or as-available output.

FDRE Scheme 

The agreement covers a capacity of 100 megawatts (MW) and represents a landmark in India’s transition to demand-aligned clean energy delivery. The FDRE scheme, launched in June 2023, includes configurations such as assured peak power, round-the-clock (RTC) supply, and load-following delivery as per the requirements of distribution companies (DISCOMs).

The company said that while RTC and peak-power PPAs have been signed earlier, this is the country’s first contract under the "load-following category". Designed to align energy supply with hourly grid demand, the contract mandates integration of wind, solar, and battery energy storage systems to ensure dispatchable output over 25 years.

Mixture Of RE Products 

“This agreement underscores our technical strength and marks our first integrated wind, solar and storage project in India,” said Monika Rathi, Head of India at Vena Energy. “It highlights Vena Energy’s capability to deliver complex, reliable clean energy solutions that are critical to India’s sustainable growth.”

She added that the deal reflects the company’s ability to manage both pay-as-you-produce and firm, dispatchable renewable energy contracts across markets.

The project is expected to generate about 380,000 megawatt-hours (MWh) of wind power and 133,000 MWh of solar energy in its first full year, supplying clean electricity to approximately 487,000 households. It will help avoid around 488,000 tonnes of greenhouse gas emissions annually and save an estimated 380 million litres of water compared to conventional thermal generation.