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Hindustan Zinc Signs Deal with Serentica to Boost Renewable Power Supply to 530 MW

Hindustan Zinc Limited announced the signing of a PDA with Serentica Renewables. The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy up to 530 MW from previously signed PDA of 450 MW, increasing the overall renewable energy contribution to over 70 percent of its total power requirement.

March 11, 2025. By News Bureau

Hindustan Zinc Limited announced the signing of a power delivery agreement (PDA) with Serentica Renewables.

The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy up to 530 MW from previously signed PDA of 450 MW, increasing the overall renewable energy contribution to over 70 percent of its total power requirement.

This is a first-of-its-kind round-the-clock renewables PDA that guarantees a minimum of 315 MW uninterrupted power supply through every 15-minute time block. The resulting project will build new solar, wind and energy storage on multiple sites across the country and integrate several existing renewables projects.

Developed under a captive structure, the project will be strategically spread across high-resource locations in India and is set to be fully operational by 2027. This innovative hybrid solution eliminates Hindustan Zinc’s reliance on other conventional power sources by delivering seamless, reliable energy through advanced storage systems and market mechanisms.

This landmark agreement marks a fundamental shift in industrial power procurement, moving beyond traditional round-the-clock (RTC) models to an advanced, Time Block-Based firm Renewable Energy solution. Unlike conventional renewable energy agreements, this PDA ensures a precisely scheduled and dispatchable power supply using a combination of solar, wind, and cutting-edge energy storage technologies.

Through advanced forecasting, grid management, and energy storage innovations, Serentica is enabling industries to transition towards clean energy without compromising on stability or operational efficiency. Serentica is playing a critical role in advancing India’s net-zero ambitions, leveraging technology-driven solutions to provide firm, reliable, and cost-effective renewable power to energy-intensive industries.

Recognized as the world's most sustainable metals & mining company for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024, Hindustan Zinc continues its journey towards achieving Net Zero by 2050 or sooner. The company is focusing on decarbonizing its operations by increasing the quantum of renewable energy in its energy mix, enhancing operational efficiencies to reduce energy consumption and transitioning to cleaner fuels & electric vehicles.

Through these strategic initiatives, the company has achieved a 14% decrease in greenhouse gas (GHG) emissions intensity compared to the base year 2020. Notably, Hindustan Zinc started receiving the first flow of renewable power from Serentica’s 180 MW solar park that was utilized in the production of Asia’s first low carbon ‘green’ zinc - EcoZen.

Speaking on the occasion, Arun Misra, CEO – Hindustan Zinc Limited, said, “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 percent reduction in carbon emissions setting sights on our goal of achieving net zero by 2050 or sooner.”

Akshay Hiranandani, CEO of Serentica Renewables, added, "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.”

In recognition of its leadership, Serentica was recently honored at the 26th S&P Global Energy Awards, winning the prestigious ‘Deal of the Year - Financial’ award, further cementing its position in the global energy transition.

Tags:

Solar PV

Hindustan Zinc

Serentica Renewables

Power Delivery Agreement

Power requirements

Power supply

Wind and energy storage

Hybrid solution

Renewable Power Supply