DCM Shriram Limited has announced two investments aimed at increasing the share of renewable energy across its manufacturing operations at Bharuch, Gujarat. The company has entered into an agreement for a 58 MW peak hybrid renewable energy project with Serentica Renewables India 38 Private Limited and separately approved an investment to add approximately 48 MW…
Serentica Renewables has secured debt financing of up to USD 345.1 million from a consortium of lenders led by the Asian Development Bank (ADB) to develop and refinance a solar-wind hybrid project in Koppal, Karnataka. The financing has been raised through the company’s special purpose vehicle, Serentica Renewables India 1 Private Limited (SRI 1). Financing…
Serentica Renewables has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 600 MW (2,400 MWh) allocation under SECI’s Firm and Dispatchable Renewable Energy (FDRE) VII Assured Peak tender. The company emerged as the largest awardee in the auction, securing the highest allocation among all bidders. The PPA…
Serentica Renewables has commissioned 3 GW of renewable energy capacity, achieving the milestone within 26 months of commissioning its first renewable energy project. The commissioned portfolio includes a mix of solar and wind assets across multiple renewable energy-rich states. The portfolio includes more than 500 MW of wind capacity across Maharashtra and Karnataka and supplies…
Serentica Renewables (Serentica) has appointed Satish Kumar Rathor as Chief Operating Officer (COO) for its Solar and Battery Energy Storage Systems (BESS) business, strengthening its leadership team as it scales clean energy supply to industrial consumers. Rathor brings nearly three decades of experience across nuclear, thermal, and renewable energy sectors. In his new role, he…
Sanathan Textiles Limited has announced that its wholly owned subsidiary, Sanathan Polycot Private Limited (SPPL), will acquire a 26% stake in Serentica Renewables India 33 Private Limited for a total consideration of Rs 48 crore. The investment will be made in tranches under a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Supply and…
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…
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…
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…
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,…