Gurugram’s Serentica Launches RE Platform with Hybrid Plant Installation

Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC

Twinstar Overseas Limited-owned Serentica Renewables has launched a renewable energy platform in India to offer significant energy consumers in the nation round-the-clock (RTC) carbon-free power. Serentica Renewables is a division of Twinstar Overseas Ltd, which also holds a majority position in Sterlite Power Transmission and Sterlite Technologies.

In addition, the company intends to set up around 1500 MW of hybrid (solar and wind with renewable energy platform) power projects across many locations in the states of Maharashtra, Rajasthan, and Karnataka, where the company has previously received connectivity clearances. Approximately 600 MW of renewable energy would be provided to various Vedanta Group firms out of the total 1500 MW of 24/7 clean energy.

In addition, the firm anticipates commissioning the projects in 24 months, pending legislative permissions. Additionally, subject to the project having synergies with its main objective of offering direct green energy solutions to commercial and industrial (C&I) customers, the company is also willing to participate selectively in Government tenders.

“Serentica is committed to reversing climate change by decarbonizing energy-intensive industries including steel, cement, aluminum, and zinc,” the company stated in a statement. “Over 30% of all carbon emissions come from industries. The majority of India’s industrial clients’ electricity needs are satisfied by thermal sources. We intend to promote green energy in the C&I (Commercial & Industrial) sector by utilising the Government of India’s best-in-class policy framework.” The company aims to deploy 5,000 MW of carbon-free generation capacity paired with various storage technologies in the medium term. 

In a recent regulatory filing with the Bombay Stock Exchange (BSE), Hindustan Zinc disclosed that it has inked a power delivery agreement with Serentica Renewables India for the long-term supply of renewable energy to the company.

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