Serentica Renewables has expanded its partnership with Hindustan Zinc Limited by increasing its round-the-clock renewable energy capacity from 450 MW to 530 MW. This move significantly enhances Hindustan Zinc’s clean energy consumption, ensuring that more than 70% of its total power requirements are met through renewable sources.
The agreement marks a first-of-its-kind initiative in India, introducing a Time Block-based round-the-clock renewable energy contract. Under this framework, Serentica guarantees a minimum supply of 315 MW in every 15-minute time block, ensuring uninterrupted and reliable power delivery. The project integrates newly developed solar, wind, and energy storage facilities across multiple high-resource locations in India, complementing existing renewable energy assets. Developed under a captive structure, the initiative is expected to be fully operational by 2027.
The innovative hybrid energy solution eliminates Hindustan Zinc’s reliance on conventional power sources by incorporating advanced energy storage systems and leveraging market-driven mechanisms. This approach ensures a stable and seamless power supply, addressing the intermittency challenges often associated with renewable energy sources.
Akshay Hiranandani, CEO of Serentica Renewables, emphasised the significance of the agreement, describing it as a breakthrough in delivering uninterrupted, firm renewable energy to one of India’s largest industrial players. He highlighted that the guarantee of 315 MW in every 15-minute time block effectively solves the intermittency challenge, ensuring a reliable power supply for Hindustan Zinc’s operations.
Arun Misra, CEO of Hindustan Zinc Limited, underscored the company’s commitment to sustainability, stating that securing 70% of its power from renewable sources is a crucial step in its climate action strategy. By achieving this milestone, Hindustan Zinc aims to reduce its carbon emissions by nearly 70%, aligning with its long-term goal of achieving net zero emissions by 2050 or earlier. Misra also noted that the company plays a critical role in the global energy transition by supplying essential metals like zinc and silver.
This agreement represents a pivotal shift in industrial power procurement, moving beyond traditional round-the-clock renewable energy models to an advanced Time Block-Based Firm Renewable Energy solution. Unlike conventional contracts, this agreement ensures precisely scheduled and dispatchable power using a combination of solar, wind, and cutting-edge energy storage technologies.
Serentica Renewables is at the forefront of industrial energy reliability, addressing the historical challenges of renewable energy adoption through advanced forecasting, grid management, and energy storage innovations. By providing firm, cost-effective renewable power to energy-intensive industries, the company is contributing significantly to India’s net-zero ambitions.
