Vena Energy Pioneers India’s First Dispatchable Renewable Power Deal with SECI – EQ
In Short : Vena Energy has signed India’s first 100 MW load-following power purchase agreement (PPA) with SECI under the FDRE scheme. The 25-year agreement ensures dispatchable renewable power aligned with hourly DISCOM demand. The project will combine solar, wind, and battery storage, marking a major step toward reliable, demand-driven clean energy and strengthening India’s renewable energy framework.
In Detail : Vena Energy has signed a landmark 100 MW load-following Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI), marking a first-of-its-kind deal in the country. The agreement falls under the Firm and Dispatchable Renewable Energy (FDRE) scheme and signifies a major shift in how renewable power will be delivered to the grid.
Unlike traditional renewable energy contracts, this load-following PPA ensures that Vena Energy will supply renewable power that matches the hourly demand profile of the purchasing distribution companies (DISCOMs). This makes the renewable energy output more predictable and reliable, helping to stabilize grid operations.
To meet these requirements, Vena Energy will develop an integrated hybrid project combining solar, wind, and battery energy storage systems. The combination will allow energy to be stored and dispatched as needed, ensuring consistent supply even when wind or solar generation dips.
The 25-year agreement demonstrates the growing confidence in advanced energy technologies that can offer firm and dispatchable clean power. It also showcases Vena Energy’s capability to manage complex energy solutions that address the intermittency challenges associated with renewables.
India’s FDRE scheme was launched to promote renewable energy projects that can provide power on demand, much like conventional fossil-fuel-based plants. This project under the FDRE initiative marks the first successful step in that direction, setting a precedent for future developments.
The project is expected to play a critical role in supporting India’s grid as the country increases its reliance on renewable energy sources. By aligning supply with demand patterns, it reduces curtailment and maximizes the value of green energy investments.
Vena Energy’s achievement reflects the company’s commitment to technological innovation and long-term sustainability. It also emphasizes the growing importance of hybrid renewable systems in meeting India’s ambitious clean energy goals.
This contract will help SECI and the DISCOMs it serves to meet their renewable purchase obligations with a higher level of assurance regarding power availability. It also benefits consumers by potentially improving power quality and reducing dependency on thermal power.
The successful signing of this PPA sets the stage for more such agreements in the future, encouraging other developers to adopt similar strategies. It is a major milestone in India’s energy transition and underscores the role of flexible, firm renewable energy in achieving net-zero targets.
