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Indian developer unveils intend to install 1.5 GW of hybrid wind-solar

Serentica Renewables plans to set up and commission 1.5 GW of solar and wind capacity in 24 months to serve energy-intensive industries in India.

Image: Terranaut, Pixabay

From pv magazine India

Serentica Renewables, a step-down unit of Vedanta promoter Anil AgarwalsVolcan Investments, will launch a renewable energy platform in India to supply round-the-clock carbon-free capacity to energy-intensive industries such as for example steel, cement, aluminum, and zinc. The platform provides end-to-end green answers to consumers, including connectivity to the correct transmission network.

The business plans to set up and commission 1.5 GW of solar and wind capacity in India in 24 months. It’ll build this capacity across multiple sites in the us of Karnataka, Rajasthan, and Maharashtra, where it has recently acquired connectivity approvals.A big section of this capacity will undoubtedly be used to provide near 600 MW of round-the-clock clean energy to various entities of the Vedanta Group.

Hindustan Zinc, an arm of Vedanta Group unit, signed an agreement on Sept. 2 with special-purpose vehicle Serentica Renewables India for long-term delivery as high as 200 MW of renewables.

Serentica may also participate selectively in Government tenders at the mercy of the project having synergies using its overall focus of providing direct green energy answers to commercial and industrial customers, said the business.

On the medium-term, Serentica aims to set up 5 GW of clean energy, in conjunction with different storage technologies. Eventually, it aims to provide a lot more than 15 billion units of clean energy each year and displace 20 million a great deal of CO2 emissions.

Serentica Renewables is 100% owned by Twinstar Overseas Ltd., a unit of Volcan Investments. Twinstar Overseasalso owns controlling stakes in Sterlite Power Transmission and Sterlite Technologies.

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