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Serentica Renewables to establish 10 GW of RE projects in Andhra Pradesh

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Serentica Renewables has announced plans to develop renewable energy projects with a combined capacity of 10 GW in Andhra Pradesh, supporting both India’s clean energy goals and the state’s green vision.  This initiative aligns with Andhra Pradesh’s target of 72 GW in renewable capacity by 2030, providing a foundation for sustainable industrial growth in the region. Pratik Agarwal, Chairman of Serentica Renewables, emphasized the state’s renewable potential, stating, “Our 10 GW commitment is a bold…

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Hindustan Zinc to procure 530 MW of RE from Serentica Renewables

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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,…

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Vedanta to invest Rs 1 trillion in Rajasthan

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Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions.  This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors. Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion to double its zinc production capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, increase silver output from…