Serentica Renewables, (โSerenticaโ or the โCompanyโ), a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, has been recognized as the โRenewable Energy Platform of the Yearโ in the Best Deals (South Asia) category at The Asset Triple A Sustainable Infrastructure Awards 2023.
Serentica won the โRenewable Energy Platform of the Yearโ award for emerging as one of the most promising renewable energy platforms, focused on decarbonization of the Commercial & Industrial segment in India. With investment commitments worth $650 million from leading global investment firm – KKR, the company is geared up to install 4000 MW of renewable energy capacity that will aid clean energy delivery to large-scale industrial customers. In the medium term, Serenticaโs vision is to supply over 40 billion units of clean energy annually and displace 37 million tonnes of CO2 emissions.
Commenting on the marquee award win,ย Pratik Agarwal, Director, Serentica Renewables, said, โThis award is a recognition of our commitment to decarbonize the industrial sector in India. We believe that renewable energy is the key to a sustainable future, and Serentica is proud to be playing a vital role in making it a reality.โ
Serentica has recently signed a new set of Power Delivery Agreements (PDAs) to deliver round-the-clock green energy to some of the leading industrial customers in India. Currently, it is in the process of developing solar and wind power projects across Karnataka, Rajasthan, and Maharashtra. Once commissioned, these projects will supply 9 billion units of green energy every year, using the inter-state transmission network, thereby decarbonizing a large portion of the electricity consumption of large-scale industrial customers.
โThe Asset’s annual Triple A recognition represents the industry’s most prestigious awards for banking, finance, treasury and capital markets. It has over two decades of experience in bestowing pre-eminent recognition on the organizations that have excelled in their respective industry.
About Serentica Renewablesโ
Established in 2022, Serentica Renewables (India) is a decarbonization platform that looks to provide round-the-clock clean energy solutions enabling the transition of large-scale, energy-intensive industries to clean energy. The company is focused on industrial decarbonization, by making renewables the primary source of energy for the commercial and industrial segment which consumes more than 50% of the electricity generated in India. Serentica aims to provide assured renewable energy through a combination of solar, wind, energy storage, and balancing solutions.
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