Serentica Renewables Expands Partnership with Hindustan Zinc, Increases Renewable Energy Capacity to 530 MW

11th Mar 2025

• Agreement is the first-of-its-kind Time Block-based round-the-clock renewable energy contract, ensuring a guaranteed supply of at least 315 MW in every 15-minute time block
• Hindustan Zinc previously signed power delivery agreements (PDAs) to source 450 MW round-the-clock renewable energy from Serentica
• The enhanced agreement raises the total renewable energy supply to 530 MW, meeting 70% of Hindustan Zinc’s overall power requirements
• Hindustan Zinc has begun receiving renewable power under the existing agreement

Mumbai, 11th March 2025: Serentica Renewables, a leading renewable energy provider in India, has further strengthened its partnership with Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second-largest integrated zinc producer. This expanded power delivery agreement increases Hindustan Zinc’s round-the-clock renewable energy capacity from 450 MW to 530 MW, significantly boosting its clean energy share to over 70% of total power consumption.

This agreement is the first-of-its-kind Time Block-based round-the-clock renewable energy contract, ensuring a guaranteed supply of at least 315 MW in every 15-minute time block. The project will integrate newly developed solar, wind, and energy storage facilities across multiple locations in India while leveraging existing renewable assets.

Developed under a captive structure, the project will be strategically spread across high-resource locations in India and is expected to be fully operational by 2027. This innovative hybrid solution eliminates Hindustan Zinc’s reliance on conventional power sources by delivering seamless, reliable energy through advanced storage systems and market-driven mechanisms.

Mr. Akshay Hiranandani, CEO of Serentica Renewables, added, “This agreement is a breakthrough in providing uninterrupted, firm renewable energy to one of India’s largest industrial players. By guaranteeing 315 MW in every 15-minute time block, we’re solving the intermittency challenge and ensuring that Hindustan Zinc has a stable, reliable power supply for its operations.”

Speaking on the development, Mr. Arun Misra, CEO – Hindustan Zinc Limited, said, “Sustainability at Hindustan Zinc is about future-proofing our business and driving long-term value through innovation. As the world transitions to a low-carbon economy, we embrace our dual role as a leader in this transformation and as an active participant with our critical metals like zinc & silver. This agreement marks a significant step in our climate action strategy. By securing 70% of our power from renewables, we are targeting nearly 70% reduction in carbon emissions, setting sights on our goal of achieving net zero by 2050 or sooner.”

This landmark agreement marks a pivotal shift in industrial power procurement, moving beyond traditional round-the-clock (RTC) models to an advanced Time Block-Based Firm Renewable Energy solution. Unlike conventional renewable energy contracts, this agreement ensures precisely scheduled and dispatchable power using a combination of solar, wind, and cutting-edge energy storage technologies.

Serentica is revolutionizing industrial energy reliability by addressing the intermittency challenges that have historically hindered renewable energy adoption. Through advanced forecasting, grid management, and energy storage innovations, Serentica is enabling industries to transition to clean energy without compromising stability or operational efficiency. The company plays a key role in advancing India’s net-zero ambitions by delivering firm, cost-effective renewable power to energy-intensive industries.

As a Vedanta Group company, Hindustan Zinc supplies to over 40 countries and commands approximately 75% of India’s primary zinc market. The company is a certified 2.41 times Water-Positive entity and remains a key player in providing essential metals for the global energy transition.

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 round-the-clock clean energy solutions. With a vision to make renewables the primary energy source for India’s commercial and industrial (C&I) sector—which accounts for over 50% of the country’s electricity consumption—Serentica is driving large-scale industrial decarbonization. The company has achieved a significant milestone by reaching 1,000 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 on Serentica, please visit www.serenticaglobal.com

For any media queries on Serentica Renewables, please contact:
Rasika Joshi,
Head Marketing and Communications
rasika.joshi@sterlite.com

About Hindustan Zinc Limited

Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), a Vedanta Group company, is the world’s second-largest integrated zinc producer and the third-largest silver producer. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024, reflecting its operational excellence, innovation, and leading ESG practices. The company also launched EcoZen Asia’s first low carbon ‘green’ zinc brand, produced using renewable energy, EcoZen has a carbon footprint about 75% lower than the global average. Hindustan Zinc is also a certified 2.41 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. Transforming the lives of 1.9 million people through its focused social welfare initiatives, Hindustan Zinc is among the Top 10 CSR companies in India. As a world leader in the metals and mining industry, Hindustan Zinc is pivotal in providing critical metals essential for the global energy transition for a sustainable future.

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For any media queries on Serentica Renewables, please contact:
Sonal Choithani
Chief Brand & Communications Officer, Hindustan Zinc Limited
Sonal.Choithani@vedanta.co.in