Globally, utilities, investors, corporations, and governments are realising how critical it is to address climate change in the most efficient way. Start your organisation’s decarbonization journey with us to fuel a sustainable future, together.
12th Sep 2022
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
Media Contact:
Ajay Padamanabhan
+91 90112 38700
Raises a total of INR ~3500 crores ($425 million) from a consortium of international and domestic banks. New Delhi, 8th January, 2024 – Serentica Renewables (“Serentica” or the “Company”), a leading C&I focused renewable energy developer in India, announced the...
08th Jan 2024 Read More
Serentica raised a total of INR ~5600 crores debt funding from two of the biggest public sector lenders – REC and PFC New Delhi, 25 th September, 2023 – Serentica Renewables (“Serentica” or the “Company”), a leading C&I focused renewable energy...
25th Sep 2023 Read More
Funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid renewable energy projects in Karnataka New Delhi, 14 September, 2023 – Serentica Renewables (“Serentica” or the “Company”), a leading C&I focused renewable energy developer in India, announced...
14th Sep 2023 Read More
Contracts 1,500 MWh of dedicated 6-hour energy storage capacity to provide true round-the-clockgreen energy solutions for its industrial customers New Delhi, 10 July, 2023 – Serentica Renewables (“Serentica” or the “Company”), a leading C&I focused renewable energy developer in India, announced...
10th Jul 2023 Read More
The Company will install 4GW of renewable capacities that will help in offsetting 8.5 million tonnes of CO2 emissions annually New Delhi, July 03, 2023 – Serentica Renewables ("Serentica" or the "Company") announced that it has signed over 1.25...
03rd Jul 2023 Read More
Partners with leading renewable energy solutions providers like Suzlon, Siemens Gamesa, Jinko Solar, Amara Raja et al New Delhi, June 7, 2023: In a massive boost to the renewable energy (RE) sector in the country, Serentica Renewables (“Serentica” or...
07th Jun 2023 Read More
New Delhi, 30 May 2023: Serentica Renewables, (“Serentica” or the “Company”), a decarbonization platform that seeks to accelerate the energy transition for energy-intensive, industries, has been recognised as the “Renewable Energy Platform of the Year” in the Best Deals (South...
30th May 2023 Read More
Latest investment builds on the $400 million committed by KKR last year NEW DELHI, India – May 1, 2023 – Serentica Renewables (“Serentica” or the “Company”), a decarbonization platform that seeks to enable the energy transition by providing complex clean...
01st May 2023 Read More
New Delhi, April 19, 2023 – Serentica Renewables (“Serentica” or the “Company”), a decarbonisation platform that seeks to accelerate the energy transition for energy-intensive industries, announced the appointment of Akshay Hiranandani as the Chief Executive Officer. In this role, Akshay will...
19th Apr 2023 Read More
Partnership to fast-track decarbonisation of hard-to-abate, energy intensive industries in India Greenko Group is amongst the world’s largest energy storage companies NEW DELHI/HYDERABAD, India – November 14, 2022 – Serentica Renewables (“Serentica” or the “Company”), a decarbonization platform that...
14th Nov 2022 Read More
Serentica seeks to enable the energy transition for energy-intensive, hard-to-abate industrial sectors by providing complex clean energy solutions Transaction is among the largest industrial decarbonization investments in India to date NEW DELHI, India – November 8, 2022 – KKR,...
08th Nov 2022 Read More
