Serentica Renewables, a leading renewable energy provider in India, has strengthened its collaboration with Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second-largest integrated zinc producer. This expanded power delivery agreement will increase Hindustan Zinc’s round-the-clock renewable energy capacity from 450 MW to 530 MW, elevating its clean energy share to over 70% of total power consumption.
Pioneering Time Block-Based Renewable Energy Supply
This agreement marks India’s first-of-its-kind Time Block-based round-the-clock (RTC) renewable energy contract, ensuring a minimum guaranteed supply of 315 MW in every 15-minute time block. The project will integrate newly developed solar, wind, and energy storage facilities across multiple high-resource locations in India while leveraging existing renewable assets.
Developed under a captive structure, the project is expected to be fully operational by 2027. Its hybrid renewable solution will eliminate Hindustan Zinc’s reliance on conventional power sources, providing seamless and reliable clean energy through advanced storage systems and market-driven mechanisms.
Leaders’ Perspectives on the Agreement
Akshay Hiranandani, CEO of Serentica Renewables, emphasized the importance of the partnership:
“This agreement is a breakthrough in providing uninterrupted, firm renewable energy to one of India’s largest industrial players. By guaranteeing 315 MW in every 15-minute time block, we’re solving the intermittency challenge and ensuring that Hindustan Zinc has a stable, reliable power supply for its operations.”
Arun Misra, CEO of Hindustan Zinc Limited, highlighted the sustainability impact:
“Sustainability at Hindustan Zinc is about future-proofing our business and driving long-term value through innovation. As the world transitions to a low-carbon economy, we embrace our dual role as a leader in this transformation and as an active participant with our critical metals like zinc & silver. This agreement marks a significant step in our climate action strategy. By securing 70% of our power from renewables, we are targeting nearly 70% reduction in carbon emissions, setting sights on our goal of achieving net zero by 2050 or sooner.”
Revolutionizing Industrial Power Procurement
This landmark agreement introduces an advanced Time Block-Based Firm Renewable Energy solution, moving beyond traditional RTC models. Unlike conventional renewable contracts, it ensures precisely scheduled and dispatchable power through an optimized combination of solar, wind, and cutting-edge energy storage technologies.
Serentica Renewables is addressing one of the biggest challenges of renewable energy adoption—intermittency. Through advanced forecasting, grid management, and innovative energy storage solutions, the company is enabling industries to transition to clean energy without compromising stability or operational efficiency.
Advancing India’s Net-Zero Goals
As a Vedanta Group company, Hindustan Zinc plays a critical role in supplying essential metals for the global energy transition. The company commands approximately 75% of India’s primary zinc market and operates as a 2.41 times Water-Positive entity, contributing to sustainable industrial growth.
This partnership between Serentica Renewables and Hindustan Zinc marks a significant step toward India’s net-zero ambitions, ensuring cost-effective, firm, and sustainable power for energy-intensive industries.
