Serentica Renewables partners with Vardhman Textiles to accelerate industrial decarbonisation with round-the-clock renewable power

07th Oct 2026

New Delhi, xx October 2026: Serentica Renewables, a leading renewable energy provider in India, has entered into a Power Delivery Agreement (PDA) with Vardhman Textiles Limited to decarbonise one of the largest cotton spinners in the country. Under the agreement, Vardhman Textiles will acquire a minimum 26% equity stake in Serentica’s Special Purpose Vehicle SRIPL 32.

The project will have a total installed capacity of 80 MW, comprising 40 MW of wind capacity in Gadag, Karnataka, and 40 MW of solar capacity in Fatehgarh, Rajasthan. The project is expected to achieve a Capacity Utilisation Factor (CUF) of approximately 75% and 177 million units of RTC renewable power will be supplied to Vardhman Textiles facilities in Himachal Pradesh. Vardhman Textiles is India’s largest vertically integrated textile manufacturer with multiple production facilities across India.

Shilpy Dewan, Chief Business Officer, Serentica Renewables, said,
“We are pleased to partner with Vardhman Textiles in advancing its decarbonisation journey. This partnership demonstrates that industrial decarbonisation is no longer simply about adding renewable capacity, it is about delivering reliable, high-CUF clean power that can meet the needs of energy-intensive operations around the clock. At Serentica, we remain focused on making renewable energy a dependable foundation for India’s next phase of industrial growth.”

S K Jhamb, Director (Raw Material) and Chief Sustainability Officer, Vardhman Textiles, said,
“Our 27 MW wind-solar hybrid PDA with Serentica marks an important milestone in Vardhman’s efforts to reduce GHG emissions and accelerate the adoption of renewable energy across our operations. The PDA will enable us to meet around 56% of our power requirements through green energy. This significant increase in the use of renewable power will contribute meaningfully to reducing our carbon footprint by 125883 MT and advancing our long term decarbonisation goals. Our partnership with Serentica reinforces Vardhman’s commitment to climate action and to building more sustainable manufacturing operations.”

The partnership adds to Serentica’s portfolio of renewable energy solutions for commercial and industrial consumers. The company is focused on developing large scale renewable energy projects that combine wind, solar and associated power infrastructure to meet the evolving energy requirements of India’s industrial sector.

About Serentica Renewables

Established in 2022, Serentica Renewables, the renewable energy arm of the Vedanta Group, is a leading 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 crossed 3,400 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 $825 million investment from KKR and Serentica (Mauritius), 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

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