Latest news with #Serentica
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Business Standard
16-05-2025
- Business
- Business Standard
Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO
Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario Shine Jacob Chennai Listen to This Article Vedanta and KKR-backed Serentica Renewables is planning an ambitious capacity expansion by 2030. Chief executive officer (CEO) Akshay Hiranandani talks to Shine Jacob in Chennai about Serentica's future roadmap, and the current market scenario. Edited excerpts: We understand that you are working on projects of around 4 gigawatts (GW) in the renewables sector. What is the status? Currently, we're building about 4,000 megawatts (MW) of wind and solar projects across Rajasthan, Maharashtra, and Karnataka. We have a solid pipeline, including 3–4 GW more from both government contracts and new power purchase agreements (PPAs). As these PPAs move into execution, we
Time of India
05-05-2025
- Business
- Time of India
Serentica Renewables to supply 75 MW hybrid renewable energy to INOXAP
New Delhi: Serentica Renewables on Monday said it has signed a pact with INOX Air Products to supply 75 MW of hybrid renewable energy . The 75 MW of hybrid energy will significantly increase INOX Air Products' renewable energy portfolio , spanning four of its key manufacturing sites in four different states, a statement said. According to the statement, Serentica Renewables, a leading renewable energy provider in India, has signed a Power Supply and Consumption Agreement (PSCA) with INOX Air Products (INOXAP), India's largest manufacturer of industrial, electronic and medical gases. Under this agreement, Serentica will supply 75 MW of hybrid renewable energy to INOXAP -- its marquee customer -- through Inter-State Transmission System (ISTS) project, enabling competitive tariffs and flexible power usage across multiple locations in different states, it stated. This agreement marks a significant milestone in Serentica's growth journey as it expands its clean energy solutions beyond state borders, enabling large-scale, multi-location industrial customers to transition to sustainable operations . Serentica Renewables CEO Akshay Hiranandani said in the statement, "The scale and inter-state nature of this project showcases our evolving capabilities to deliver firm, reliable, and geographically flexible clean energy to large enterprises. This project represents a major step forward in enabling large industrial customers like INOX to seamlessly transition to sustainable operations across the country." S K Jena, Head, Operations (LASU & Onsite plants), INOXAP, said in the statement, "This agreement with Serentica is a major leap in our decarbonisation journey, as this would enable us to significantly increase the share of renewable energy in our energy consumption mix and get closer to our net-zero target." Serentica's hybrid renewable solutions integrate wind, solar, and storage assets to ensure 24X7, reliable clean power delivery. Through such partnerships, Serentica continues to accelerate the decarbonization of hard-to-abate sectors and contribute to India's broader net-zero ambitions.
