Serentica Renewables to install 1500 MW of hybrid wind & solar capacity
Serentica Renewables announces the launch of a Renewable Energy Platform in India. This green energy company will focus on providing round-the-clock carbon-free power to large consumers of energy in India. It will specialise in providing end-to-end green solutions to the consumers, including connectivity to the appropriate transmission network.
Serentica plans to install ~1500 MW of solar & wind power across multiple sites in the states of the Karnataka, Rajasthan, and Maharashtra where the company has already acquired connectivity approvals. A large part of this capacity will be used to deliver close to 600MW of round-the-clock clean energy to various entities of the Vedanta Group. The capacity will be commissioned in 24 months, subject to statutory approvals. Serentica will also participate selectively in Government tenders subject to the project having synergies with its overall focus of providing direct green energy solutions to commercial and industrial customers.
Quote from the company on the launch - “Serentica is committed to reversing climate change by decarbonising energy-intensive industries such as Steel, Cement, Aluminium and Zinc. Industries account for over 30% of total carbon emissions. In India, most of the electricity demand of industrial consumers is met through thermal sources. We want to take advantage of the best-in-class policy framework rolled out by the Government of India to promote green energy in the C&I (Commercial & Industrial) sector.”
In the medium-term, Serentica aims to install 5000MW of carbon-free generation capacity coupled with different storage technologies. Eventually, it aims to supply over 15 billion units of clean energy annually and displace 20 million tonnes of CO2 emissions.
About Serentica Renewables:
Serentica Renewables is 100% held by Twinstar Overseas Limited (“TSOL”) which also owns controlling stakes in Sterlite Power Transmission Limited & Sterlite Technologies Ltd.
For more details on Serentica, please visit www.serenticaglobal.com
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