Sterlite Power, a private power transmission provider owned by the Vedanta Group, is launching a sister company to build renewable energy projects serving commercial and industrial consumers (C&I).

Serentica Renewables will build 1.5 Gigawatt (Gw) of solar, wind and energy storage capacity in Karnataka, Maharashtra and Rajasthan. 'Business Standard' reported in July that Sterlite will form a new platform for providing green energy to industrial consumers.

Pratik Agarwal, Sterlite Power's managing director and spokesperson for Serentica, said close to 600 Mw of the round-the-clock green power would be supplied to Vedanta Group as part of the “company’s (Vedanta’s) decarbonisation strategy”.

The initial 1.5 GW capacity will be commissioned in 24 months, subject to statutory approvals, said a statement by the company. “Serentica will also participate selectively in Government tenders subject to the project having synergies with its overall focus of providing direct green energy solutions to commercial and industrial customers,” it said.