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Renewable Giant Plans 4 GW Annual Power Boost
24 Aug
Summary
- Company aims to add 4 GW renewable capacity annually.
- Targeting 6,000 MWh of battery capacity in three years.
- Securing 10-20% of Rs 1-1.5 lakh crore transmission pipeline.
A significant investment of Rs 1.2 lakh crore is planned for India's energy sector. Serentica aims to boost its renewable capacity by adding approximately 4 GW each year. This increased capacity target is expected to surpass their previous goal of 17 GW by 2030.
Alongside renewable energy generation, Serentica is focusing on battery storage, planning for 6,000 MWh of capacity over the next three years. This integration of wind, solar, and batteries aims to provide customers with up to 95% round-the-clock renewable supply.
Resonia, a related entity, is eyeing new transmission orders valued between Rs 20,000-40,000 crore from an upcoming bidding pipeline of Rs 1-1.5 lakh crore. They are prioritizing technically complex projects.
Further diversification includes aspirations in HVDC and power-electronics. The company also confirmed it is adequately funded for near-term growth and holds substantial land reserves for future projects.
