By Enersider Desk | New Delhi | 7 July 2026
Serentica Renewables has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 600 MW allocation under SECI’s FDRE VII Assured Peak tender, marking a key milestone in the project’s progress towards implementation.
According to the company, Serentica was the largest awardee under the auction, securing the highest allocation among all bidders. The PPA formalises the long-term offtake arrangement and paves the way for the development of one of India’s Firm and Dispatchable Renewable Energy (FDRE) projects, aimed at strengthening grid reliability by supplying renewable power during peak demand hours.
Image Credit: serenticaglobal
The company said, “the FDRE VII tender, with a total capacity of 4,800 MWh, is among India’s most advanced and technically complex renewable energy project frameworks. Unlike conventional renewable tenders, the Assured Peak structure requires power to be supplied exclusively during non-solar hours, addressing the country’s growing evening peak demand while improving grid reliability.
The project is expected to generate around 975 million units of renewable energy annually and help avoid more than one million tonnes of carbon emissions every year. The Serentica’s utility-scale portfolio has grown to more than 8.7 GWp of renewable capacity.
Akshay Hiranandani, CEO of Serentica Renewables, said, “The signing of the PPA marks an important milestone in translating our successful bid into execution. As India’s power system evolves, the focus is shifting beyond renewable capacity addition to ensuring dependable, dispatchable clean energy. This project demonstrates how integrated renewable generation and storage can reliably serve peak demand while supporting grid stability. We remain committed to developing innovative energy solutions that accelerate India’s transition to a resilient, low-carbon power system.”
The project further strengthens its role in advancing India’s energy transition by expanding the deployment of storage-backed renewable energy solutions. The project will also reinforce its commitment to supporting the country’s growing demand for firm, flexible and reliable clean power while contributing to national energy security.
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