In a strategic move to advance industrial decarbonisation, Serentica Renewables has signed a long-term power purchase agreement (PPA) with Sanathan Polycot Private Limited, a wholly owned subsidiary of Sanathan Textiles Limited.
As part of the agreement, a Special Purpose Vehicle (SPV) will be established to develop a 32 MW hybrid renewable energy project capable of supplying round-the-clock (RTC) power. Under the structure, Sanathan Polycot will hold a 26% equity stake in the SPV, while the remaining stake will be owned by Serentica Renewables.
The project will supply clean and reliable power to Sanathan Polycot’s manufacturing facility in Punjab, ensuring uninterrupted operations while supporting the company’s sustainability objectives. The hybrid RTC model is designed to provide consistent energy supply, addressing intermittency challenges typically associated with renewable sources.
The partnership is expected to enable Sanathan Polycot to secure cost-efficient green power, reduce the carbon intensity of its operations, and achieve long-term visibility on energy costs—key factors in enhancing competitiveness and sustainability in the textile sector.
According to Akshay Hiranandani, the collaboration marks an important step in extending decarbonisation solutions to energy-intensive industries such as textiles, which play a critical role in India’s manufacturing ecosystem.
The development highlights the growing adoption of renewable energy solutions among industrial players, particularly those seeking reliable and scalable clean power alternatives. It also reinforces Serentica Renewables’s position as a key provider of customised renewable energy solutions across India’s industrial and manufacturing sectors.
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