Serentica Renewables Announces 170 MW Hybrid Power Project to Supply Captive Energy to MRF Ltd

MRF Tires secures Long-Term Renewable Energy Supply in Landmark Deal

Published: 2025-10-13

New Delhi, india – in a significant stride towards industrial decarbonization, MRF Limited, India’s foremost tire manufacturer, has forged a strategic partnership with Serentica Renewables to ensure a consistent supply of clean energy. This collaboration will leverage a dedicated Special Purpose Vehicle (SPV) to facilitate the delivery of renewable power.

Details of the Power Purchase Agreement

The agreement centers around a long-term Power Purchase Agreement (PPA) whereby Serentica Renewables will provide clean power to MRF facilities throughout India. The energy source will originate from a newly developed hybrid renewable energy project, boasting an approximate installed capacity of 170 Megawatts. This project will seamlessly integrate both solar and wind energy generation, together delivering round-the-clock renewable energy through the Inter-State Transmission System (ISTS) network.

A Captive Approach to sustainability

A unique aspect of this partnership is the captive power arrangement. MRF has acquired a minority stake in the SPV established to deliver the renewable energy, while Serentica Renewables retains the majority holding. This structure permits MRF to fulfill its ample electricity demands while actively championing its sustainability objectives and net-zero ambitions.

Did You Know? India’s renewable energy capacity has been steadily increasing, with approximately 176.83 GW installed as of February 2024, according to the Ministry of New and Renewable Energy. [MNRE Website]

industry Leaders Comment on the Collaboration

Akshay Hiranandani, Chief Executive Officer of Serentica Renewables, emphasized the importance of this partnership.He stated that collaboration with MRF represents a pivotal advancement in India’s wider effort to reduce carbon emissions within the industrial sector. By combining renewable sources with advanced storage and hybrid technologies, Serentica is dedicated to providing dependable and clean energy solutions that help industries like MRF transition towards a more enduring operational model.

Serentica Renewables: A Rising Force in Renewable Energy

Founded in 2022, Serentica Renewables has rapidly emerged as a leading independent Power Producer (IPP) focused on providing firm dispatchable renewable energy (FDRE) solutions. The company’s mission is to establish renewables as the dominant energy source in India. Supported by a $650 million investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, displacing approximately 47 million tons of CO2 emissions.

Here’s a summary of Serentica’s key achievements:

Metric	Value
Total renewable Energy Capacity	1,000 MW
Annual Clean Energy Goal	50 Billion Units
CO2 Emissions Displacement (Annual)	47 Million Tons
Investment from KKR	$650 million

Pro Tip: Businesses seeking to reduce their carbon footprint should explore Power Purchase Agreements (PPAs) as a viable option for sourcing renewable energy.

The Growing Trend of Industrial Decarbonization

The partnership between MRF and Serentica Renewables reflects a broader trend of industrial decarbonization gaining momentum globally. companies are increasingly recognizing the economic and environmental benefits of transitioning to renewable energy sources. This shift is driven by factors such as declining renewable energy costs, growing investor pressure for sustainability, and stricter environmental regulations.The International energy Agency (IEA) reports that achieving Net Zero Emissions by 2050 requires a massive acceleration in clean energy deployment.

Frequently Asked Questions about Renewable Energy PPAs

• What is a Power Purchase Agreement (PPA)? A PPA is a long-term contract between a renewable energy generator and a customer that outlines the terms for the purchase of electricity.
• How does a captive PPA benefit a company like MRF? A captive PPA allows MRF to secure a dedicated supply of renewable energy, reduce energy costs, and meet its sustainability goals.
• What is firm dispatchable renewable energy (FDRE)? FDRE refers to renewable energy sources that can reliably deliver power on demand, often through the use of energy storage solutions.
• Why are hybrid renewable energy projects becoming more popular? Hybrid projects combine solar and wind energy to provide a more consistent and reliable power supply.
• What role does Serentica Renewables play in India’s energy transition? Serentica Renewables is committed to accelerating the adoption of renewable energy in India’s industrial and manufacturing sectors.
• How could this impact other tire manufacturers? This deal may push other tyre manufacturers to consider similar renewable energy solutions.
• What is the Inter-State Transmission System (ISTS)? The ISTS is a national grid that allows for the transfer of electricity across state boundaries in India.

What are your thoughts on the role of corporate partnerships in driving the renewable energy transition? Share your insights in the comments below!

What are the key benefits of hybrid power projects like the one between Serentica Renewables and MRF Ltd?

Serentica Renewables to Power MRF Ltd with 170 MW Hybrid Project

Serentica renewables, a leading player in the Indian renewable energy sector, has announced a significant 170 MW hybrid power project. This project is specifically designed to supply captive energy to MRF Ltd,a major tire manufacturer. This move signals a pivotal shift towards sustainable energy solutions within the manufacturing industry.

Project Overview: A Deep Dive

This ambitious undertaking by Serentica renewables showcases a commitment to providing clean and reliable energy. The project’s hybrid nature integrates multiple renewable energy sources, bolstering its overall efficiency and reliability.

Hybrid Power Explained

* What it is: A hybrid power project combines different renewable energy generation technologies.

* Key Components: Typically includes a combination of solar, wind, and possibly battery storage.

* Benefits:

* Increased energy security.

* Enhanced grid stability.

* Optimized energy output.

* Reduced reliance on fossil fuels.

Project details

* Capacity: 170 MW

* Off-taker: MRF Ltd (captive consumption)

* Technology: expected to combine solar and wind power generation,potentially with energy storage.

* Location: While specifics are yet to be fully revealed, the project will likely be located close to MRF Ltd’s facilities.

The Significance for MRF Ltd

This partnership with Serentica Renewables offers MRF Ltd a compelling pathway toward sustainability.

Benefits for MRF Ltd:

* Cost Savings: Renewable energy projects can offer significant long-term cost advantages compared to conventional power sources.

* Reduced Carbon Footprint: A major step towards achieving corporate sustainability goals by substantially lessening their environmental impact.

* Energy Independence: Offering greater control over their energy supply and hedging against fluctuating fossil fuel prices.

* Enhanced Brand Reputation: Public perception is increasingly influenced by a company’s environmental responsibility. Utilizing renewable energy is a major positive public relations move.

* meeting Compliance Standards: Helps them meet the rising demands of both domestic and international environmental regulations.

Exploring the Renewable Energy Landscape in India

India’s renewable energy market is booming. Government initiatives and incentives are driving investments.

Key Drivers:

* Government Policies: Favorable policies, including tax incentives and subsidies.

* Decreasing Costs: The price of solar and wind energy technologies continues to decline.

* Growing Demand: Increasing power demand, particularly from the industrial sector.

* Climate Change Goals: India’s commitment to reducing emissions and achieving its climate goals.

Current Trends in Renewable Energy

* Solar Power: Increasing capacity additions, both utility-scale and rooftop installations.

* Wind Power: Significant potential, with investments continuing in wind farm projects.

* Hybrid Projects: The increasing popularity of hybrid projects combining solar, wind, and storage technologies.

* Energy Storage: Growing investment in battery storage systems to improve grid stability and reliability.

Practical Tips for Businesses Considering Renewable Energy

For companies looking to follow MRF Ltd’s lead, here’s a guide:

1. Conduct an Energy Audit: Assess current energy consumption patterns.
2. evaluate Renewable Energy Options: Research technologies best suited for your location and business needs.
3. Assess Financial Feasibility: Consider upfront costs, long-term savings, and available incentives.
4. Explore Financing options: Investigate loans,grants,and power purchase agreements (PPAs).
5. Partner with experienced Developers: Choose reputable companies with a proven track record.
6. Monitor and Optimize: Track energy production and adjust for maximum efficiency.