Serentica Renewables, one of India’s leading renewable energy providers, has signed a Power Purchase Agreement (PPA) with NTPC Limited to supply 200 MW of Firm and Dispatchable Renewable Energy (FDRE) to power distribution companies (DISCOMs) in Uttar Pradesh. This energy will be delivered through a hybrid system that combines solar, wind, and battery storage, ensuring consistent and on-demand renewable power, especially during high-demand morning and evening peak hours.
The project will span multiple states, leveraging Serentica’s advanced hybrid infrastructure and large-scale storage capabilities to provide reliable green energy even during periods of low generation. This initiative is expected to significantly reduce dependence on conventional thermal power, supporting Uttar Pradesh’s push towards a more sustainable and resilient energy future.
“This agreement is a strong reflection of our mission to deliver reliable and sustainable energy solutions,” said Akshay Hiranandani, CEO of Serentica Renewables. “By integrating solar, wind, and advanced storage technologies, we can offer a steady supply of clean energy, exactly when it’s needed most. Our FDRE platform is designed to power India’s transition to a greener energy mix with consistency and reliability.”
Serentica’s FDRE model addresses one of the key challenges of renewable energy—intermittency—by combining various clean energy sources with cutting-edge storage solutions. This allows Serentica to deliver firm, cost-effective green power to commercial and industrial users across India, supporting the country’s journey toward its net-zero goals.
Founded in 2022, Serentica Renewables is a next-generation independent power producer (IPP) focused on decarbonizing India’s industrial sector through firm, dispatchable renewable energy solutions. The company is dedicated to making clean energy the backbone of India’s commercial and industrial power consumption, which currently accounts for more than half of the nation’s electricity demand.
Serentica has already achieved a renewable energy capacity of 1,000 MW, with several large-scale projects underway across India. These projects utilize a mix of solar, wind, battery storage, and smart balancing technologies to deliver dependable green energy.
Backed by a $650 million investment from global investor KKR, the company aims to supply over 50 billion units of clean power annually—displacing approximately 47 million tonnes of CO₂ emissions. With a robust pipeline of projects and an innovative approach to energy contracting and technology deployment, Serentica is playing a pivotal role in accelerating India’s clean energy transition.
