By PTI | New Delhi
Serentica Renewables on Thursday said it has entered into an agreement with state-owned Solar Energy Corporation of India (SECI) for a 100 MW clean energy project.
The renewable power producer also said that the agreement is India’s first-ever “load following” power purchase agreement (PPA), designed in coordination with SECI and state DISCOMs to match the seasonal load profile of the offtakers.
Under the load following PPA, power supplier commits to delivering electricity as per the buyer’s actual electricity demand on an hourly or sub-hourly basis.
