Serentica Renewables, a leading renewable energy provider in India, has signed a Power Purchase Agreement (PPA) with NTPC Limited for the supply of 200 MW of Firm Dispatchable Renewable Energy (FDRE) to Uttar Pradesh’s distribution companies (DISCOMS). The project will utilize hybrid solar, wind, and battery storage assets across multiple states, ensuring on-demand renewable power during the state’s critical morning and evening peak hours.
The project will be developed across several states, utilizing Serentica’s state-of-the-art hybrid renewable energy infrastructure. The integration of large-scale energy storage ensures the availability of renewable power even during periods of low generation. This reliable power supply is expected to reduce the reliance on conventional thermal power, contributing to a greener, more sustainable energy mix for Uttar Pradesh.
Akshay Hiranandani, CEO of Serentica Renewables, said, “This agreement exemplifies our commitment to providing reliable and sustainable renewable energy solutions. By integrating solar, wind, and advanced storage technologies, we can offer Uttar Pradesh a consistent, firm energy supply, particularly during times of high demand, contributing to the state’s energy transition goals. Our FDRE model ensures that we can deliver clean energy when it’s most needed, contributing to the state’s energy transition”
Serentica’s firm dispatchable renewable energy (FDRE) solution aims to provide reliable, cost-effective green power to India’s industrial and commercial sectors, addressing the intermittency challenges of renewable energy. By leveraging advanced technologies, Serentica enables a stable transition to clean energy for industries, playing a crucial role in India’s net-zero ambitions.
Serentica Renewables
Established in 2022, Serentica Renewables is a leading renewable independent power producer (IPP) committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions. With a vision to make renewables the primary energy source for India’s commercial and industrial (C&I) sector—which accounts for over 50% of the country’s electricity consumption—Serentica is driving large-scale industrial decarbonization. The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Serentica’s innovative approach ensures reliable and cost-effective green power for its growing customer base, which includes some of India’s largest energy-intensive industries. Backed by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO₂ emissions. With a strong pipeline of projects under development, the company is at the forefront of India’s energy transition, deploying cutting-edge technology and innovative contractual structures to accelerate the shift to sustainable power.
