Hindustan Zinc Ltd (NSE: HINDZINC) has taken a major step toward sustainability with a new Power Delivery Agreement (PDA) signed with Serentica Renewables. The agreement increases Hindustan Zinc’s round-the-clock renewable energy capacity to 530 MW, up from the previously signed 450 MW, pushing the company’s total renewable energy contribution to over 70 per cent of its total power requirement.
This is the first-of-its-kind round-the-clock renewable energy agreement that guarantees a minimum of 315 MW uninterrupted power supply in every 15-minute time block. The project will integrate new solar, wind, and energy storage systems across multiple locations in India and leverage existing renewable infrastructure to ensure seamless power supply.
A Major Shift in Industrial Power Procurement
Unlike conventional renewable power deals, this agreement represents a Time Block-Based firm Renewable Energy model, ensuring precisely scheduled and dispatchable power using a hybrid of solar, wind, and advanced energy storage technologies. This innovative approach eliminates Hindustan Zinc’s reliance on conventional power sources while maintaining grid stability and operational efficiency.
Developed under a captive structure, the project will be strategically distributed across high-resource locations and is expected to be fully operational by 2027. The hybrid energy solution will be backed by advanced forecasting, grid management, and storage mechanisms, setting a new benchmark in industrial clean energy transition.
Hindustan Zinc has been actively driving decarbonization and has already achieved a 14 per cent reduction in greenhouse gas (GHG) emissions intensity compared to its 2020 baseline. The company has started utilizing renewable energy from Serentica’s 180 MW solar park, which was instrumental in producing Asia’s first low-carbon ‘green’ zinc – EcoZen.
Commenting on the agreement, Arun Misra, CEO – Hindustan Zinc Ltd, stated:
“Sustainability at Hindustan Zinc is about future-proofing our business and driving long-term value through innovation. As the world transitions to a low-carbon economy, we embrace our dual role as a leader in this transformation and as an active participant with our critical metals like zinc & silver. This agreement marks a significant step in our climate action strategy. By securing 70 per cent of our power from renewables, we are targeting nearly 70 per cent reduction in carbon emissions, setting sights on our goal of achieving net zero by 2050 or sooner.”
Echoing the sentiment, Akshay Hiranandani, CEO, Serentica Renewables, said:
“This agreement is a breakthrough in providing uninterrupted, firm renewable energy to one of India’s largest industrial players. By guaranteeing 315 MW in every 15-minute time block, we’re solving the intermittency challenge and ensuring that Hindustan Zinc has a stable, reliable power supply for its operations.”
With this landmark agreement, Hindustan Zinc reinforces its commitment to sustainable mining and industrial operations, setting a new benchmark for renewable energy adoption in India’s metals and mining sector.