India is leading a global energy revolution by aiming to source 50% of its installed capacity from non-fossil fuels by 2030 and bringing down the emission intensity of its GDP by 45% from the 2005 base. The year 2024 was a turning point in this process, with a record 24.5 GW of solar capacity and 3.4 GW of wind capacity being added. These figures represent a doubling of solar installations and a 21% increase in wind capacity over 2023. As of January 20, 2025, India’s non-fossil energy capacity is a healthy 217.62 GW, highlighting the country’s unflinching commitment to clean energy.

This accelerated advancement is a breakthrough toward a sustainable future. The stakes are higher for India’s industrial sector—accounting for more than half of the nation’s electricity consumption. The sector’s dependence on fossil fuels poses a twin threat: rising costs and increasing environmental consequences. In this context, Serentica Renewables is a game-changer, transforming industrial energy consumption with pioneering renewable solutions. By establishing new standards for sustainability, reliability, and efficiency, Serentica is not only riding the green energy wave—it is driving it.

With its bold vision and transformative initiatives, Serentica is accelerating India’s renewable energy ambitions, positioning itself as a key player in the nation’s green transition.

The Challenge: Breaking Free from Fossil Fuel Dependency

India’s rapid industrial growth is underpinned by a significant reliance on fossil fuels which escalate operational costs and contribute heavily to carbon emissions. Hard-to-abate industries such as steel, cement, and manufacturing are especially vulnerable to the pitfalls of traditional energy sources, including price volatility and inconsistent supply. The stakes are high: failure to transition to renewable energy could stall progress toward India’s ambitious net-zero targets and threaten the long-term viability of these industries.

The question is no longer whether renewable energy is needed but how quickly and effectively it can be integrated into industrial operations. This is where Serentica Renewables steps in, armed with innovative solutions that turn challenges into opportunities.

Serentica’s Solution: Revolutionizing Renewable Energy Delivery

Serentica Renewables has pioneered a hybrid renewable energy model that addresses the critical issues of reliability and scalability head-on. This transformative approach integrates solar and wind energy with advanced storage technologies to ensure uninterrupted energy supply—a game-changer for industries that cannot afford downtime.

• Hybrid Energy Systems: By combination of multiple renewable sources and storage whether chemical or pump hydro based storage and power markets, Serentica achieves a remarkable Capacity Utilization Factor (CUF) of 55-85%, significantly higher than conventional renewable projects. This hybrid system mitigates the intermittency of solar and wind energy, offering a consistent and dependable power supply.
• Client-Centric Customization: Serentica’s solutions are not one-size-fits-all. The company conducts in-depth energy assessments to design strategies tailored to each client’s specific needs. This ensures maximum efficiency, cost savings, and alignment with sustainability goals of the clients.

The flagship 530 MW hybrid renewable energy project exemplifies Serentica’s innovative approach. It sets a benchmark for future projects by addressing intermittency challenges and delivering cost-effective energy.

Financial Innovation: Setting New Benchmarks for Investment

Serentica’s achievements extend beyond technical innovation to the financial domain. Securing a landmark $425 million equity investment for its hybrid project underscores the confidence of both international and domestic financiers in its vision. This milestone is a validation of the viability and scalability of renewable energy in industrial applications.

• Global Partnerships: Leading global banks such as Rabobank, MUFG Bank, and Société Générale have backed Serentica’s projects, demonstrating growing international confidence in India’s renewable energy sector. Rabobank’s role as the structuring bank highlights the strategic expertise involved in orchestrating such a significant investment.
• Domestic Alignment: Prominent Indian lenders, including PFC, REC, YES Bank and the Export-Import Bank of India, have reinforced the project’s alignment with national energy goals. Their participation signifies the growing momentum of India’s green energy transition.

This financial innovation sets a precedent, proving that renewable energy projects can attract substantial investments while addressing industrial energy needs effectively.

Real-World Impact: Delivering Tangible Benefits

Serentica’s contributions are not confined to theoretical frameworks or pilot projects. The company’s initiatives have far-reaching real-world impacts that underscore its role as a transformative force in the renewable energy sector.

• Carbon Footprint Reduction: Serentica’s projects are projected to deliver 50 billion units of renewable energy annually, leading to a staggering reduction of 47 million tons of CO2 emissions. This aligns perfectly with India’s broader sustainability goals.
• Operational Excellence: For industries like Hindustan Zinc, Vedanta Ltd., which rely on continuous power, Serentica’s solutions ensure reliability while significantly reducing dependency on coal-based energy.
• Economic Advantages: The availability of cost-effective and stable energy enhances the competitiveness of Indian industries, allowing them to thrive in global markets.

Empowering Communities: A Holistic Approach

Serentica’s impact extends beyond industries to touch the lives of individuals and communities. The company ensures that its growth is inclusive and sustainable by embedding social responsibility into its core operations.

• Job Creation: Serentica has generated over 3,170 jobs—both direct and indirect—through its contractors, partners, and operations across domestic and global regions, fostering economic development and ensuring long-term benefits for local economies.
• Skill Development: The deployment of advanced technologies, such as hybrid renewable solutions and energy storage systems, necessitates a skilled workforce. Serentica indirectly invests in the education and training of local talent, equipping them with valuable skills for a greener future.
• Commitment to Safety: Achieving over 6 million safe manhours without any lost time incidents highlights Serentica’s dedication to the well-being of its workforce and surrounding communities.

Expanding Horizons: A Comprehensive Renewable Energy Strategy

Serentica’s roadmap is ambitious and underpinned by a commitment to continuous innovation and strategic growth. The company’s initiatives aim to address the critical energy needs of industrial clients while contributing to national and global sustainability goals.

• Expansion Plans: With a vision to expand its capacity to 17 GW by 2030, Serentica aims to solidify its position as a leader in the renewable energy sector. The 400 MW Bikaner solar park is a testament to this vision, reducing carbon emissions by 2.7 million metric tons annually.
• Strategic Collaborations: Partnerships with industry leaders like Greenko Group enhance Serentica’s energy storage capabilities. By integrating 1,500 MWh of energy storage solutions, the company ensures flexibility and reliability for its clients.
• Grid Integration: Serentica’s ongoing development of 4,000 MW of solar and wind projects addresses critical grid integration challenges. These hybrid solutions enable seamless energy delivery to industrial clients, bridging the gap between demand and supply.

Aligning with National Goals

Serentica’s contributions align seamlessly with India’s renewable energy targets. The company plays a pivotal role in achieving the country’s 2030 goal of 500 GW of renewable capacity by delivering 50 billion units of green energy annually. This effort accelerates industrial decarbonization and positions India as a global leader in the renewable energy revolution.

Conclusion: A Vision for a Sustainable Future

Serentica Renewables is a shining example of hope and innovation in the world of renewable energy. Its aggressive strategy of combining solar, wind, and storage technologies creates new standards of reliability and efficiency. Serentica’s work is about changing industries, empowering communities, and preserving the planet for generations to come.

As India sets out on the path of a greener, more sustainable tomorrow, Serentica is paving the way. The company is demonstrating that renewable energy is not only a solution but an imperative to industrial development by solving the fundamental issues of energy reliability, affordability, and sustainability.  With its trailblazing initiatives, Serentica Renewables is rewriting the rules for green energy, establishing itself as a real champion in the battle against climate change.

Serentica’s unrelenting commitment to innovation, sustainability, and inclusivity makes it a pillar of India’s energy revolution. Its initiatives demonstrate how companies can promote economic development without harming the environment, and that harmony between development and responsibility is not only possible but necessary.