Hindustan Zinc has signed a power delivery agreement (PDA) with Serentica Renewables to expand its renewable energy capacity to 530 MW. This agreement strengthens the company’s commitment to sustainable energy by increasing its round-the-clock renewable power supply from the previously contracted 450 MW. The new PDA ensures a continuous supply of at least 315 MW of renewable power in every 15-minute time block, making it a first-of-its-kind round-the-clock renewable energy agreement. With this partnership, Hindustan Zinc’s renewable energy contribution will exceed 70 per cent of its total power requirement. The initiative supports the company's broader decarbonisation strategy by reducing its dependence on conventional energy sources. As part of the agreement, new solar, wind, and energy storage projects will be developed across multiple high-resource locations in India. These projects will be integrated with existing renewable energy initiatives and are expected to be fully operational by 2027. The hybrid energy solution will enhance the company’s energy security by providing a stable and reliable power supply through advanced storage technology and market-based mechanisms. Hindustan Zinc, India’s largest integrated zinc producer and the world’s second-largest, is committed to achieving net-zero carbon emissions by 2050 or earlier. The company is focusing on increasing renewable energy in its energy mix, improving operational efficiencies to lower energy consumption, and transitioning to cleaner fuels and electric vehicles. This agreement represents a significant step in Hindustan Zinc’s climate action strategy, aiming to cut carbon emissions by nearly 70% while ensuring energy reliability for its operations. News source: CNBC TV18