Serentica Renewables Secures 1.25 GW Round-The-Clock Green Energy Agreements

Serentica Renewables (Serentica), a leading player in industrial decarbonization, has announced a significant milestone in India’s clean energy landscape. The company has successfully signed Power Delivery Agreements (PDAs) totaling over 1.25 GW with multiple industrial customers. These agreements, in addition to the 580 MW PDAs signed earlier this year, mark a substantial expansion of Serentica’s renewable energy portfolio.

To cater to the increasing demand for round-the-clock green energy, Serentica plans to deploy 4 GW of renewable energy capacities across various states in the country. The projects will incorporate a mix of wind and solar energy generation, complemented by innovative balancing solutions like energy storage. Serentica has secured connectivity to the inter-state transmission system (ISTS) in Karnataka, Maharashtra, Andhra Pradesh, and Rajasthan, where it will set up these solar and wind capacities.

The ambitious portfolio aims to supply more than 9 billion units (BUs) of clean energy annually, effectively offsetting a staggering 8.5 million tonnes of CO2 emissions. Akshay Hiranandani, CEO of Serentica Renewables, emphasized the importance of India’s energy transition in meeting the country’s growing energy requirements and combating climate change. He highlighted Serentica’s commitment to addressing the complex challenges of clean energy delivery and decarbonizing India’s industrial backbone.

Serentica’s strategic focus on industrial decarbonization involves providing reliable, renewable energy solutions through a combination of solar and wind power, energy storage technologies, and other innovative balancing solutions. Looking ahead, the company’s medium-term goal is to supply over 40 billion units of clean energy annually, significantly displacing 37 million tonnes of CO2 emissions.