Serentica Renewables Secures First Textile Sector Deal with 32 MW RE PPA with Sanathan Polycot

01st Apr 2026

New Delhi, 1st April, 2026: Serentica Renewables, a leading renewable energy provider in India, has signed a long-term Power Purchase Agreement (PPA) with Sanathan Polycot Private Limited (SPPL), a wholly owned subsidiary of Sanathan Textiles Limited, an integrated and diversified yarn manufacturer, with operations across three yarn segments – Polyester Filament Yarns, Cotton Yarns & Yarns for Technical Textiles.

As part of the agreement, a Special Purpose Vehicle (SPV) has been established to deliver 32 MW of hybrid, round-the-clock renewable energy. Sanathan will hold a 26% stake in the SPV, with the remaining stake held by Serentica Renewables.The project will be developed to supply clean and reliable power to Sanathan Polycot’s manufacturing facility in Punjab, ensuring uninterrupted operations while advancing its sustainability agenda.

This partnership enables Sanathan Polycot to secure dependable and cost-efficient green power, reduce emissions intensity of its operations, and gain long-term visibility on energy costs—supporting its broader sustainability ambitions.

Commenting on the partnership,Akshay Hiranandani, CEO, Serentica Renewables, said, “This partnership marks an important milestone as we extend our decarbonisation solutions to the textile sector which is an integral pillar of India’s manufacturing economy with evolving energy needs and sustainability priorities. At Serentica, we believe decarbonisation must be delivered without compromising on reliability or competitiveness. By providing round-the-clock renewable energy, we are enabling industries to transition to clean power seamlessly. Our collaboration with Sanathan Polycot reflects the growing momentum among industrial players to adopt sustainable energy solutions.”

This collaboration further strengthens Serentica’s position in delivering tailored clean energy solutions to energy intensive sectors with a growing portfolio across India’s industrial and manufacturing landscape.

About Serentica Renewables

Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source across India’s energy landscape, Serentica is driving large-scale decarbonization & contributing to the nation’s broader goals, including through government tenders. The company has achieved a significant milestone by reaching 1,700 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India’s largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO₂ emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.

For more details, please visit www.serenticaglobal.com