Serentica Renewables has entered into a Power Delivery Agreement (PDA) with Vardhman Textiles Limited to supply round-the-clock (RTC) renewable power to the textile manufacturer’s facilities in Himachal Pradesh, marking a fresh push to accelerate decarbonisation in India’s energy-intensive industrial sector.
As part of the agreement, Vardhman Textiles will acquire a minimum 26% equity stake in Serentica’s special purpose vehicle, SRIPL 32.
The project will have a total installed capacity of 80 MW, comprising 40 MW of wind capacity in Gadag, Karnataka, and 40 MW of solar capacity in Fatehgarh, Rajasthan. With an expected capacity utilisation factor (CUF) of approximately 75%, the project is projected to generate and supply around 177 million units of RTC renewable electricity to Vardhman Textiles’ manufacturing facilities in Himachal Pradesh.
Vardhman Textiles, one of India’s largest vertically integrated textile manufacturers, operates multiple production facilities across the country. The renewable power arrangement is expected to help the company increase its reliance on clean electricity while reducing emissions associated with conventional power consumption.
“We are pleased to partner with Vardhman Textiles in advancing its decarbonisation journey. This partnership demonstrates that industrial decarbonisation is no longer simply about adding renewable capacity; it is about delivering reliable, high-CUF clean power that can meet the needs of energy-intensive operations around the clock,” said Shilpy Dewan, Chief Business Officer, Serentica Renewables.
“At Serentica, we remain focused on making renewable energy a dependable foundation for India’s next phase of industrial growth,” she added.
The partnership is also expected to support Vardhman Textiles’ broader sustainability objectives. According to S K Jhamb, Director (Raw Material) and Chief Sustainability Officer, Vardhman Textiles, the company’s renewable power procurement is intended to significantly increase the share of green energy in its overall electricity consumption.
“Our 27 MW wind-solar hybrid PDA with Serentica marks an important milestone in Vardhman’s efforts to reduce GHG emissions and accelerate the adoption of renewable energy across our operations. The PDA will enable us to meet around 56% of our power requirements through green energy,” Jhamb said.
He added that the increased use of renewable electricity is expected to contribute to a reduction of approximately 125,883 metric tonnes of carbon emissions, supporting the company’s long-term decarbonisation targets.
“Our partnership with Serentica reinforces Vardhman’s commitment to climate action and to building more sustainable manufacturing operations,” Jhamb said.
The agreement further expands Serentica Renewables’ portfolio of clean-energy solutions targeted at commercial and industrial consumers. The company has been developing large-scale renewable energy projects integrating wind, solar and associated power infrastructure to provide more predictable and reliable clean electricity to industrial customers.
The increasing adoption of RTC renewable power by industrial companies reflects a broader shift in the corporate energy market, with large electricity consumers seeking solutions that can combine renewable generation with higher availability and greater alignment with round-the-clock demand.
Through the partnership with Vardhman Textiles, Serentica is seeking to address this requirement by combining wind and solar generation across two states to deliver a sustained supply of renewable electricity to industrial operations.
