Serentica Invites Worldwide EoI for 800 MWh Standalone Battery Energy Storage

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Serentica Renewables has invited expressions of interest (EoI) to set up interstate transmission system-connected Battery Energy Storage Systems (BESS) to supply 800 MWh of battery capacity to Serentica’s round-the-clock green energy projects.

Serentica is seeking technical partners worldwide to supply state-of-the-art Battery Energy Storage Systems capable of delivering reliable energy storage. The projects will comprise 200 MW/400 MWh of 2-hour storage and 100 MW/400 MWh of 4-hour storage, requiring at least 51% ownership by the BESS provider Serentica will ink a contract with the BESS Projects to procure the BESS capacity on an annual basis under a 12-year service agreement, starting June 2026 onwards.

The last day to submit the bids is July 30, 2024. Bids can be submitted here.

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Serentica is currently executing 4 GW of projects and will deliver 2 GW per year of round-the-clock green energy to large industrial customers in India. The overall portfolio will supply more than 9 BUs of clean energy annually, offsetting 8.5 million tonnes of CO2.

For the Vedanta backed Serentica, which, after being established in 2022, looks set to become the fastest renewable energy firm to reach the key milestones of 1 GW and perhaps even 5 GW post establishment, was originally focused on supporting the decarbonisation of key Vedanta group firms ranging from Vedanta Limited to Hindustan Zinc, Sterlite copper and more. More recently, the firm has spread out to bid successfully at renewable energy auctions from SECI as well. Considering the large power requirements, particularly RTC requirements at these industrial units, Serentica has been focused on RTC power from the start, spreading put investments into wind, solar, pumped hydro storage, and of course, Battery storage (BESS) now.

A key strategic finance partner the firm added on is investment major KKR, which has been ramping up its own green portfolio.

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