Serentica Renewables, a leading renewable energy provider in India, has signed a long-term Power Purchase Agreement (PPA) with Sanathan Polycot Private Limited (SPPL), a wholly owned subsidiary of Sanathan Textiles Limited, an integrated and diversified yarn manufacturer, with operations across three yarn segments – Polyester Filament Yarns, Cotton Yarns & Yarns for Technical Textiles.
As part of the agreement, a Special Purpose Vehicle (SPV) has been established to deliver 32 MW of hybrid, round-the-clock renewable energy. Sanathan will hold a 26% stake in the SPV, with the remaining stake held by Serentica Renewables. The project will be developed to supply clean and reliable power to Sanathan Polycot’s manufacturing facility in Punjab, ensuring uninterrupted operations while advancing its sustainability agenda.
This partnership enables Sanathan Polycot to secure dependable and cost-efficient green power, reduce emissions intensity of its operations, and gain long-term visibility on energy costs—supporting its broader sustainability ambitions.
Commenting on the partnership, Akshay Hiranandani, CEO, Serentica Renewables, said, “This partnership marks an important milestone as we extend our decarbonisation solutions to the textile sector, which is an integral pillar of India’s manufacturing economy with evolving energy needs and sustainability priorities. At Serentica, we believe decarbonisation must be delivered without compromising on reliability or competitiveness. By providing round-the-clock renewable energy, we are enabling industries to transition to clean power seamlessly. Our collaboration with Sanathan Polycot reflects the growing momentum among industrial players to adopt sustainable energy solutions.”
This collaboration further strengthens Serentica’s position in delivering tailored clean energy solutions to energy-intensive sectors with a growing portfolio across India’s industrial and manufacturing landscape.
