Hindustan Zinc to procure 530 MW of RE from Serentica Renewables

Hindustan Zinc has entered into a group captive arrangement with Serentica Renewables to secure 530 MW of round-the-clock (RTC) renewable power.

The agreement involves Hindustan Zinc investing Rs 3.27 billion to acquire a 26% stake in Serentica and its affiliates. Serentica will develop captive renewable energy projects across India to supply power to Hindustan Zinc over 25 years, with projects commissioned in phases starting from 2027. This arrangement, which includes two previous power delivery agreements, has received approval from Hindustan Zinc’s board.

Earlier, in July 2024, Hindustan Zinc began integrating clean energy from Serentica’s Bikaner project in Rajasthan, securing 450 MW of RTC renewable power to support its operations. In March 2024, Serentica secured a Rs 35 billion foreign currency loan from an overseas commercial bank to fund its RTC renewable energy initiatives in India.