Serentica Renewables has entered into a long-term power purchase agreement with Sanathan Polycot Private Limited, marking its first major engagement in India’s textile sector. The agreement will support the supply of 32 MW of hybrid renewable energy to Sanathan’s manufacturing operations.
Sanathan Polycot is a wholly owned subsidiary of Sanathan Textiles Limited, a diversified producer of polyester filament yarns, cotton yarns, and technical textiles. The renewable energy project will be developed through a dedicated special purpose vehicle (SPV), in which Sanathan Polycot will hold a 26 percent stake, with the remaining ownership held by Serentica Renewables.
The project is designed to deliver round-the-clock clean power to Sanathan’s facility in Punjab, ensuring reliable energy supply while supporting the company’s sustainability goals. By transitioning to renewable energy, Sanathan aims to reduce its emissions intensity, improve energy cost predictability, and align its operations with long-term environmental objectives.
Akshay Hiranandani, Chief Executive Officer of Serentica Renewables, said the partnership represents a key milestone in extending decarbonization solutions to the textile industry, which plays a vital role in India’s manufacturing economy. He emphasized that the company’s approach focuses on delivering clean energy without compromising reliability or competitiveness.
The agreement reflects a broader trend of industrial players adopting renewable energy to meet sustainability targets and manage rising energy demands. By offering firm and dispatchable renewable energy solutions, Serentica enables businesses to transition seamlessly to greener power sources.
Established in 2022, Serentica Renewables has rapidly expanded its presence as an independent power producer, focusing on decarbonizing energy-intensive industries. The company has achieved a renewable energy capacity of approximately 1,700 MW and continues to develop projects across multiple states using a mix of solar, wind, and energy storage technologies.
Backed by significant investment, Serentica aims to supply over 50 billion units of clean energy annually, contributing to substantial reductions in carbon emissions. Its growing portfolio highlights its commitment to supporting India’s energy transition and enabling sustainable industrial growth. This partnership strengthens Serentica’s position in delivering customized clean energy solutions and underscores the increasing momentum toward renewable adoption across India’s industrial sectors.
