Serentica Doubles Down On Clean Energy Targets With 10 GW Andhra Plans

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Serentica Renewables, a leading renewable energy company in India, has announced its plans to establish renewable energy projects with a combined capacity of 10 gigawatts (GW) in Andhra Pradesh. The firm has emerged as one of the fastest growing green energy developers in India, moving to a focus on Round the clock (RTC) and other advanced green energy projects much more earlier than peers as it scales up. 

Andhra Pradesh, with its target of achieving 72 GW of renewable energy capacity by 2030, is opening avenues for industry leaders like Serentica to contribute to the state’s green vision. 

Commenting on this initiative, Pratik Agarwal, Chairman of Serentica Renewables, stated, ” Andhra Pradesh holds immense renewable energy potential, and our 10 GW commitment is a bold step toward unlocking it. This project will provide reliable, round-the-clock green power, supporting both regional growth and India’s vision for a sustainable, energy-secure future.” “

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Akshay Hiranandani, CEO of Serentica Renewables, added, “Our 10 GW development builds on our proven track record of executing complex renewable projects. We’re combining solar, wind, and storage technologies to develop Round-the-Clock projects to ensure green power on 24×7 basis”

Serentica targets developing 17 GW of Round the Clock renewable projects with 5,000 MWh of storage by 2030, of which 4 GW will be operational by 2025 to meet the round-the-clock green energy needs of its customers. The company has collaborated with Greenko Group for an energy storage capacity offtake contract, utilizing 1,500 MWhr from upcoming projects in Andhra Pradesh and Madhya Pradesh and will be supplemented by 3,500 MWh of battery storage. With a vision to deliver 50 billion units of renewable energy annually by 2030.

About Serentica Renewables 

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Established in 2022, Serentica Renewables (India) positions  itself as a decarbonization platform that looks to provide round-the-clock clean energy solutions enabling the transition of large-scale, energy-intensive industries to clean energy. The company is focused on industrial decarbonization, by making renewables the primary source of energy for the commercial and industrial segment which consumes more than 50% of the electricity generated in India. The company has already secured investments worth $650 million from leading global investor KKR.