Serentica Renewables

India | Finance | News

Serentica plans up to $8 billion fundraise to expand clean energy portfolio
By December 1, 2025December 1, 2025

Serentica Renewables is planning to raise $6 to $8 billion over the next five years. This capital will fuel acquisitions and new projects, aiming to more than double its operational capacity. According to Chairman Pratik Agarwal, the company’s broader goal is to invest $10-11 billion to scale its portfolio to 17 GW by 2029-2030. Currently operating 2 GW of solar and wind capacity, Serentica expects an additional 2 GW to come online within ten months….

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India | Leadership | News

Serentica Renewables appoints Anil Kumar Singh as Director – Operations
By October 30, 2025October 30, 2025

Serentica Renewables has appointed Anil Kumar Singh as Director – Operations. He will report to Chief Executive Officer Akshay Hiranandani and be based in Mumbai. Anil has over 33 years of experience across ports, cement, petrochemicals, thermal power, electricity distribution, telecom, and renewables. He holds Bachelor’s and Master’s degrees in Engineering from IIT Roorkee and an MBA in Finance from FMS, Delhi. Before joining Serentica, Anil served as Chief Project Officer at Adani Green Energy…

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News | India | Renewable Energy

Serentica Renewables signs 170 MW PPA with MRF for captive clean energy
By October 15, 2025October 28, 2025

Serentica Renewables has signed a long-term power purchase agreement (PPA) with MRF Limited to supply clean energy under a captive power arrangement. The electricity will come from a 170 MW wind-solar hybrid project currently under development by Serentica. Power from the project will be delivered to MRF’s manufacturing facilities across India via the inter-state transmission system. A special-purpose vehicle (SPV) has been set up for this purpose, with MRF holding a minority stake and Serentica…

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India | News | Renewable Energy

Serentica partners with Envision Energy for 560 MW wind project
By October 3, 2025October 28, 2025

Serentica Renewables has partnered with Envision Energy India for the supply of wind turbine generators (WTGs) for its upcoming 560 MW wind project. The project will use Envision’s 5 MW smart WTGs, with deliveries scheduled to begin in February 2026. Installations will be located across multiple states, including Karnataka and Maharashtra. According to Serentica Renewables, the project forms part of its strategy to provide round-the-clock renewable power to industrial consumers and support sector-wide decarbonisation. Akshay…

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News | India | Renewable Energy

Serentica signs India’s first load-following renewable PPA with SECI
By September 19, 2025October 28, 2025

Serentica Renewables has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for 100 megawatts (MW) of round-the-clock renewable supply. The company stated that this is the country’s first “load-following” PPA, developed in consultation with SECI and state distribution companies (DISCOMs) to align with the seasonal load profile of the offtakers. The agreement requires Serentica to meet 80 per cent of the contracted hourly demand each month. The load…

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News | India | Renewable Energy

Serentica to build one of India’s biggest battery storage projects in Rajasthan
By September 1, 2025October 29, 2025

Serentica Renewables will set up one of India’s largest battery energy storage system (BESS) projects in Rajasthan through a partnership with Shanghai Gotion Digital Energy Tech Co. The 50 megawatt (MW) / 200.6 megawatt hour (MWh) facility will be located in Bikaner and is scheduled to be commissioned by the end of 2025. This marks Serentica’s first venture into BESS. Akshay Hiranandani, CEO of Serentica Renewables, said the project is a major step for India’s…

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India | News

Serentica secures Rs 8.58 billion ECB for 300 MW solar project in Rajasthan
By June 5, 2025June 5, 2025

Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure 691 MW of renewable energy…

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India | News

Serentica Renewables signs PPA with NTPC for 200 MW RE project
By April 15, 2025April 15, 2025

On April 15, 2025, Serentica Renewables India Private Limited (SRIPL) signed a 25-year power purchase agreement (PPA) with NTPC Limited for the development of a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project is part of NTPC’s Tranche-II FDRE auction and will be connected to the Inter-State Transmission System (ISTS). The agreement follows Serentica Renewables’ success in securing the 200 MW FDRE capacity under NTPC’s Tranche-II auction held in March 2024. During…

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India | News

Serentica Renewables to set up 10,000 MW renewable energy projects in Rajasthan
By December 11, 2024December 11, 2024

Serentica Renewables India Private Limited (SRIPL) has announced plans to set up 10,000 MW of renewable energy projects in Rajasthan. The company intends to invest Rs 500 billion in the state, as part of the “Rising Rajasthan Summit 2024,” to develop its renewable energy capacity.

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India | News

Serentica Renewables to invest Rs 500 billion in renewable energy in Rajasthan
By December 9, 2024December 9, 2024

Serentica Renewables plans to invest Rs 500 billion to develop 10,000 MW of renewable energy capacity in Rajasthan, as part of its efforts to position the state as a renewable energy hub. This investment aligns with the company’s participation in Rising Rajasthan 2024. Currently, Serentica has 3,000 MWp of renewable energy under construction in the state, focused on serving India’s commercial and industrial sectors, with over 400 MWp already operational. The company aims to use…

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