Bengaluru: Serentica Renewables, a leading renewable energy provider in India, has entered into a Power Delivery Agreement (PDA) with Vardhman Textiles Limited to decarbonise one of the largest cotton spinners in the country. Under 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. The project is expected to achieve a Capacity Utilisation Factor (CUF) of approximately 75% and 177 million units of RTC renewable power will be supplied to Vardhman Textiles facilities in Himachal Pradesh. Vardhman Textiles is India’s largest vertically integrated textile manufacturer with multiple production facilities across India.

Shilpy Dewan, Chief Business Officer, Serentica Renewables, said, “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. At Serentica, we remain focused on making renewable energy a dependable foundation for India’s next phase of industrial growth.”

S K Jhamb, Director (Raw Material) and Chief Sustainability Officer, Vardhman Textiles, said, “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. This significant increase in the use of renewable power will contribute meaningfully to reducing our carbon footprint by 125883 MT and advancing our long term decarbonisation goals. Our partnership with Serentica reinforces Vardhman’s commitment to climate action and to building more sustainable manufacturing operations.”

The partnership adds to Serentica’s portfolio of renewable energy solutions for commercial and industrial consumers. The company is focused on developing large scale renewable energy projects that combine wind, solar and associated power infrastructure to meet the evolving energy requirements of India’s industrial sector.