Akshay Hiranandani Takes Over the Reins of Serentica Renewables as CEO

Serentica Renewables Names Akshay Hiranandani as CEO

A decarbonisation platform that looks to accelerate the energy transition for energy-intensive industries, Serentica Renewables has announced the appointment of Akshay Hiranandani as the Chief Executive Officer. In this role, Hiranandani will work closely with Pratik Agarwal, Director, Serentica Renewables.

Serentica Renewables Names Akshay Hiranandani as CEO

Commenting on the appointment, Pratik Agarwal, Director, Serentica Renewables, said, “We are elated to have Akshay Hiranandani take over the role as the CEO of Serentica Renewables. Akshay has been with the Group since 2021 and has proven himself as a leader with strong understanding of Serentica’s business, culture, and people. With him at the helm, we are confident that he will steer Serentica towards its mission of reversing climate change by enabling large scale industrial decarbonisation.”

In his career spanning two decades, Hiranandani has served as the Corporate Finance lead for Serentica from 2021 to 2023. The firm informs that under his leadership, Serentica executed the strategic capital raise for the organisation. The newly appointed CEO has also spearheaded a series of high-impact capital infrastructure investments and has worked in renewable IPP platforms, like SunEdison and Skypower, having developed over 1 gigawatt of projects.

Akshay Hiranandani said, “The renewable energy industry is at an inflection point where customer’s expectation is to receive stable green power which can be met only with technological and design innovations. In this exciting phase of the industry, Serentica is committed to delivering round-the-clock renewable power to aid decarbonisation of high carbon emitting industries.”

Serentica recently entered into three long-term Power Delivery Agreements (PDAs) and is in the process of developing 1,500 MW of solar and wind power projects across various states. Serentica’ s medium term goal is to supply over 16 billion units of clean energy annually and displace 20 million tonnes of CO2 emissions.

In November 2022, Serentica announced an investment deal of $400 million from global investment firm, KKR & Co.

Last year, Serentica Renewables entered into an agreement with Greenko Group, to source 1500 MWhr energy storage capacity through Greenko’s pumped storage projects located in India.