Serentica Plans 10 GW Of Renewable Projects In Rajasthan

Serentica Plans 10 GW Of Renewable Projects In Rajasthan

Indian renewable energy company Serentica Renewables plans to announce a ₹50,000 crore investment to develop 10 GW of renewable energy capacity in Rajasthan. This announcement is expected with Serentica’s participation in Rising Rajasthan 2024, an event highlighting the state’s growth potential and investment opportunities.

With this investment, Serentica aims to progress Rajasthan’s transition to clean energy through its projects. Currently, the company has 3,000 MWp of renewable energy capacity under construction in the state, catering to the power needs of India’s commercial and industrial (C&I) sectors. Additionally, more than 400 MWp is already operational in Rajasthan, showcasing Serentica’s dedication to reliable execution and sustainable energy solutions.

“At Serentica, we are deeply committed to driving India’s clean energy transition, and Rajasthan plays a major role in our journey,” said Akshay Hiranandani, CEO of Serentica Renewables. “Our ₹50,000 crore investment reflects the immense potential of this state as a renewable energy hub. Through advanced technologies and strong partnerships, we aim to empower businesses, lower carbon emissions, and significantly contribute to Rajasthan’s economic and industrial progress.” Serentica Renewables is supported by the Vedanta Group and global investment firm KKR.

About Serentica Renewables

Established in 2022, Serentica Renewables (India) is 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. Serentica aims to provide assured renewable energy through a combination of solar, wind, energy storage and balancing solutions. Serentica’s medium term goal is to supply over 50 billion units of clean energy annually and displace 47 million tons of CO2 emissions. The company has already secured investments worth $650 million from leading global investor KKR.