Serentica Renewables has signed new Power Delivery Agreements (PDAs) with various industrial customers, amounting to over 1.25 GW. This is in addition to the 580 MW PDAs that were signed in March 2023.
As a response to continuous customer demand for eco-friendly energy, Serentica plans to build 4 GW of renewable energy capacity across the country. In addition to wind and solar power, energy storage solutions will be used to ensure the stability of these projects. The locations chosen for the solar and wind capacities are Karnataka, Maharashtra, Andhra Pradesh, and Rajasthan, where Serentica has secured connectivity to the inter-state transmission system (ISTS).
With a vision to accelerate the clean energy transition in industries that are challenging to decarbonize, the overall portfolio is expected to provide more than 9 billion units (BUs) of clean energy annually, resulting in the offset of 8.5 million tonnes of CO2 emissions.
Akshay Hiranandani, CEO of Serentica Renewables, emphasized the importance of the company’s expanded portfolio, stating, “India’s energy transition must continue unhindered to meet the dual objectives of meeting growing energy demands and combating climate change. Serentica’s expanding portfolio of renewable energy assets reflects our commitment to tackling the toughest challenges in delivering clean energy and decarbonizing India’s industrial foundation.”
Serentica’s core focus is industrial decarbonization, integrating solar, wind, energy storage, and balancing solutions to provide reliable renewable energy. The company aims to replace 37 million tonnes of CO2 with over 40 billion units of clean energy annually.