Latest news with #SerenticaRenewables
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Business Standard
22-07-2025
- Business
- Business Standard
Serentica to source wind turbines from SANY for 336 MW Karnataka project
Renewable energy firm Serentica Renewables on Tuesday said it will procure Wind Turbine Generators for its 336 MW Wind Project in Karnataka from SANY Renewable. Delivery for the project is expected to commence by December 2025, a company statement said. Serentica Renewables has selected SANY Renewable, a leading enterprise of high-end equipment manufacturing, to supply the Wind Turbine Generators (WTGs) for its 336 MW Wind Project in Karnataka, according to the statement The project will feature advanced SANY WTGs, each with a rated capacity of 4 MW. Akshay Hiranandani, CEO, Serentica Renewables, said in the statement, "336 MW wind project in Karnataka will play a pivotal role in reducing carbon emissions while providing a reliable, renewable energy source to industrial consumers." Gaurav Amdekar, COO, SANY Wind Energy India, said, "This partnership demonstrates our shared commitment to driving the transition to a low-carbon economy and contributing to India's renewable energy targets." Serentica shortlisted SANY Renewable's high-performance wind turbines for their superior reliability, efficiency, and capacity to deliver sustained power. These turbines will play a pivotal role in generating sustainable power for energy-intensive industries. Established in 2022, Serentica Renewables is a leading renewable Independent Power Producer committed to decarbonising hard-to-abate industries by providing firm dispatchable renewable energy solutions. PTI KKS 1.0. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
22-07-2025
- Business
- Time of India
Serentica awards 336 MW wind turbine order to SANY for Karnataka project
New Delhi: Serentica Renewables has awarded a contract to SANY Renewable to supply wind turbine generators (WTGs) for its 336 MW wind energy project in Karnataka. The project will feature turbines rated at 4 MW each, with deliveries expected to begin by December 2025. The project marks a key development in Serentica's renewable energy portfolio aimed at delivering round-the-clock green power to energy-intensive industries. SANY's turbines were selected based on performance parameters including reliability, operational efficiency, and sustained power delivery. SANY Renewable's order book in India has crossed 3 GW. Its turbines are already operational in several Indian locations. Akshay Hiranandani, CEO, Serentica Renewables, said, ' 336 MW wind project in Karnataka will play a pivotal role in reducing carbon emissions while providing a reliable, renewable energy source to industrial consumers. We are confident that this collaboration with Sany Renewables India will be instrumental in the success of the project and India's renewable energy goals.' Gaurav Amdekar, COO, SANY Wind Energy India, said, 'We are thrilled to partner with Serentica Renewables for this project. Our 4MW platform have been designed to deliver optimal performance in diverse conditions, and we are excited to contribute to India's wind energy capacity with this project. This partnership demonstrates our shared commitment to driving the transition to a low-carbon economy and contributing to India's renewable energy targets
Time of India
22-07-2025
- Business
- Time of India
Serentica Renewables to procure wind turbines from SANY Renewable for 336 MW Karnataka project
Renewable energy firm Serentica Renewables on Tuesday said it will procure Wind Turbine Generators for its 336 MW Wind Project in Karnataka from SANY Renewable . Delivery for the project is expected to commence by December 2025, a company statement said. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Digital Marketing CXO Finance Operations Management others Design Thinking Management MBA MCA Project Management Data Analytics Degree Product Management healthcare Leadership Data Science Technology PGDM Cybersecurity Others Public Policy Data Science Artificial Intelligence Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Serentica Renewables has selected SANY Renewable, a leading enterprise of high-end equipment manufacturing, to supply the Wind Turbine Generators (WTGs) for its 336 MW Wind Project in Karnataka, according to the statement by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo The project will feature advanced SANY WTGs, each with a rated capacity of 4 MW. Akshay Hiranandani, CEO, Serentica Renewables, said in the statement, "336 MW wind project in Karnataka will play a pivotal role in reducing carbon emissions while providing a reliable, renewable energy source to industrial consumers." Live Events Gaurav Amdekar, COO, SANY Wind Energy India, said, "This partnership demonstrates our shared commitment to driving the transition to a low-carbon economy and contributing to India's renewable energy targets." Serentica shortlisted SANY Renewable's high-performance wind turbines for their superior reliability, efficiency, and capacity to deliver sustained power. These turbines will play a pivotal role in generating sustainable power for energy-intensive industries. Established in 2022, Serentica Renewables is a leading renewable Independent Power Producer committed to decarbonising hard-to-abate industries by providing firm dispatchable renewable energy solutions.
Time of India
05-06-2025
- Business
- Time of India
Serentica Renewables secures over $100 million debt funding from Rabobank, Societe Generale
Serentica Renewables on Thursday said it has secured USD 100 million in debt financing from global financial institutions Rabobank and Societe Generale to support the development of a 300 MW solar power project in Rajasthan. Serentica Renewables, a leading Commercial & Industrial (C&I) focused renewable energy company in India, has announced the financial close of its second External Commercial Borrowing (ECB) financing, according to a company statement. This strategic project has been designed to supply green energy to Bharat Aluminium Company Limited (BALCO), one of India's leading aluminum producers and a subsidiary of the Vedanta Group, marking another significant step in decarbonising India's industrial sector, it stated. Akshay Hiranandani, CEO of Serentica Renewables, said, "It's a crucial step in our mission to provide reliable, clean energy solutions that empower industrial giants like BALCO to decarbonise, driving a greener and more sustainable future for the nation." "We are proud to partner again with Serentica and bring our structuring expertise to a project that will deliver strong, long-term, sustainable impact," said Amardeep Parmar, Head of Project Finance Asia, Rabobank. Live Events The company has achieved a significant milestone by reaching 1,000 MW of renewable energy capacity, with ongoing projects across multiple states, leveraging a mix of solar, wind, energy storage, and advanced balancing solutions. Backed by a USD 650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, enabling the displacement of 47 million tons of CO₂ emissions.
Time of India
20-05-2025
- Business
- Time of India
Blackstone enters race for Statkraft's India exit
Blackstone, which has a $50 billion investment portfolio in India, has submitted a non-binding offer of $1.5 billion for Statkraft's local arm that houses a 2 gigawatt renewable energy generation portfolio, according to people aware of the matter. This is the first time Blackstone is evaluating a renewable energy acquisition in India, they said. It recently closed a global energy transition fund raising $5.6 billion. The offer has been approved by Norway-headquartered Statkraft's global board and competes with those from KKR-backed Serentica Renewables , Sembcorp and BlackRock, according to the people cited. All other contenders have sizable renewable energy generation investments in the country and are said to be equally poised in the race. A law firm will provide a due diligence report to the bidders this week. After that, they will submit final bids. Statkraft, Europe's largest renewable power firm, announced its intention to exit the India business in October last year, having entered the country in 2001. CEO Birgitte Ringstad Vardtal had said it was prioritising investments in Norway, Europe and South America. Blackstone declined to comment. Statkraft's India renewable energy generation assets are located in several states and its plants generate power from wind, water and sunlight. To provide options to potential suitors, the India unit is being sold in four packages, said sources. The first entails wind and solar power assets in Rajasthan with a 1.5 GW capacity. The second package comprises two operational hydro power plants at Malana and Allain Duhangan in Himachal Pradesh, both being 49:51 joint ventures with India's LNJ Bhilwara group. The third and fourth packages are single hydropower assets at Tidong in Himachal Pradesh and Kedarnath in Uttarakhand.
