Mumbai, December 6, 2024 – Serentica Renewables, a key player in India’s renewable energy sector, has announced a significant ₹50,000 crore investment to develop 10,000 MW of renewable energy capacity in Rajasthan. This announcement coincides with Serentica’s participation in Rising Rajasthan 2024, an event highlighting the state’s growth potential and investment opportunities.
With this investment, Serentica aims to progress Rajasthan’s transition to clean energy through impactful projects. Currently, the company has 3,000 MWp of renewable energy capacity under construction in the state, catering to the power needs of India’s commercial and industrial (C&I) sectors. Additionally, more than 400 MWp is already operational in Rajasthan, showcasing Serentica’s dedication to reliable execution and sustainable energy solutions.
“At Serentica, we are deeply committed to driving India’s clean energy transition, and Rajasthan plays a major role in our journey,” said Akshay Hiranandani, CEO of Serentica Renewables. “Our ₹50,000 crore investment reflects the immense potential of this state as a renewable energy hub. Through advanced technologies and strong partnerships, we aim to empower businesses, lower carbon emissions, and significantly contribute to Rajasthan’s economic and industrial progress.”
At Rising Rajasthan 2024, Serentica is showcasing its vision for Rajasthan’s energy future with a dedicated booth highlighting its innovative renewable energy solutions. The company is well-positioned to help Rajasthan solidify its leadership in India’s clean energy landscape while supporting sustainable economic growth.
The event serves as a platform for Serentica to collaborate with policymakers, investors, and industry leaders, furthering its efforts to shape Rajasthan’s renewable energy trajectory. By aligning with the state’s development agenda, Serentica continues its mission to create long-term value for businesses and communities across the region.
Serentica Renewables, supported by the Vedanta Group and global investment firm KKR, is at the forefront of decarbonizing India’s C&I sector and enabling net-zero goals through its cutting-edge renewable energy initiatives.