Breakthroughs
Think Decarbonisation, Think Serentica:
A Climate-Smart Solution for Indian Industries
Serentica Renewables was born out of the pressing need to rescue India from its alarming climate crisis — a crisis exacerbated by the heavy use of fossil fuels. As a first-of-its-kind decarbonisation platform, Serentica offers the ideal solution for industrial giants in India, allowing them to move away from fossil fuels and make a seamless transition to clean energy.
July 2023 marked the hottest month ever recorded in history.
During the first four months of 2023, India experienced extreme weather events. Last year, it was the scorching heatwaves. This year, the country experienced unusual hailstorms and rains that have wreaked havoc. These are just a few of the many alarming incidents that are highlighting the grim reality of climate change. Although the world has awakened to the urgent need for corrective measures, progress on this front remains agonisingly slow.
Accelerating climate change mitigation, without losing pace on development, is the need of the hour. While these facts may seem contradictory, there is a ray of hope. India’s energy story is transforming with an innovative idea that is powering change: Serentica Renewables.
A game-changer for industries
Serentica believes that energy transition is the defining opportunity of our time. Globally, utilities, investors, corporations, and governments at every level are realising the sense of urgency required to aid decarbonisation and address climate change in the most effective and efficient way possible.
As a dedicated C&I-focused decarbonisation platform, Serentica is founded with a singular vision: to make India’s industrial sector — which accounts for a staggering 70 GW of the country's total power consumption — carbon-free.
Heavy industries are inherently carbon-intensive. Be it production of steel from iron, or cement from limestone, every process involves burning fossil fuels, resulting in damaging carbon emissions. Cutting these emissions from industries that drive the GDP of nations, is no cakewalk. Until recently, solutions to this problem were seen as technically unfeasible, or slow and absurdly expensive. But today, both economic and technological advancements favour industries. Decarbonising India’s industrial juggernauts is not a distant dream anymore.
Serentica offers the ideal solution for these hard-to-abate industries, providing assured renewable energy through a combination of solar, wind, energy storage, and balancing solutions. Already 4 GW of renewable energy capacity is coming up in Karnataka, Maharashtra, Rajasthan, and Andhra Pradesh. As Serentica’s projects expand across the nation, they will eventually support India’s vision of harnessing 500 GW of renewable energy by 2030. India will be powered by clean energy in just a few more years – this is the remarkable vision that Serentica is enabling.
Collaborating on multiple fronts
However, making this switch won’t be easy, at least not without the support of like-minded partners. Serentica’s ambitious vision is further bolstered by the backing of global investment giant KKR, which has injected a total of USD 650 million into the platform. This indeed stands as one of India’s largest industrial decarbonisation investments till date, and will further the company’s goal of mitigating climate change by greening the C&I sector.
Today’s utopia, tomorrow’s reality
With the assurance of clean, uninterrupted, and round-the-clock green power from Serentica, both industries and consumers can finally look forward to a future where carbon emissions from energy are no longer a challenge. At long last, industrial innovation and economic growth need no longer be associated with carbon emissions and global warming.
With Serentica, India’s net-zero emissions target by 2070, looks no more a distant dream.
Visit https://www.serenticaglobal.com/ to know more.