Serentica Signs PPA with Sanathan Polycot for 32 MW Energy Deal

Serentica Renewables has signed a PPA with Sanathan Polycot, marking a 32 MW renewable energy deal aimed at powering industrial operations with clean energy.

The PPA with Sanathan Polycot will enable round-the-clock power through a hybrid mix of solar and wind, supporting the textile manufacturer’s facility in Punjab.

The agreement will be executed through a special purpose vehicle, where Sanathan Polycot will hold a 26% stake, while Serentica Renewables retains majority ownership. This structure allows Sanathan to operate as a captive consumer, securing stable and cost-effective power for its manufacturing needs.

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This move marks Serentica’s entry into the textile sector, a segment known for high energy consumption. The company is expanding its footprint by offering customized clean energy solutions tailored to industrial clients. The PPA with Sanathan Polycot is designed to reduce dependency on conventional power sources while ensuring uninterrupted supply.

For Sanathan Polycot, the deal is expected to lower long-term energy costs and shield operations from price volatility. At the same time, it strengthens the company’s sustainability goals by cutting carbon emissions and increasing the share of renewable energy in its operations.

The partnership reflects a growing trend in India’s industrial sector, where companies are shifting toward captive renewable energy models. With rising energy demand and stricter environmental targets, such agreements are becoming key to balancing cost efficiency with sustainability.