Hindustan Zinc and Serentica Renewables Expand Partnership, Boost Renewable Energy Capacity to 530 MW

– Hindustan Zinc strengthens renewable energy commitment with Serentica Renewables

– RE power contribution to reach 70% of total energy needs

– Landmark agreement ensures uninterrupted 315 MW power supply per 15-minute time block

Udaipur, March 11, 2025 – Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second-largest integrated zinc producer, has further reinforced its commitment to sustainable energy by expanding its partnership with Serentica Renewables. With a new Power Delivery Agreement (PDA), Hindustan Zinc will now source 530 MW of round-the-clock (RTC) renewable energy, up from the previously committed 450 MW, marking a significant step toward achieving Net Zero emissions by 2050 or sooner.

This industry-first RTC renewable energy agreement ensures a minimum of 315 MW uninterrupted power supply in every 15-minute time block, setting a new benchmark for firm, dispatchable renewable energy solutions.

Strategic Impact: 70% Renewable Energy Integration

This enhanced capacity will now fulfill over 70% of Hindustan Zinc’s total power requirements, significantly reducing carbon emissions and reliance on conventional power sources. The first renewable power flow from Serentica’s 180 MW solar park has already commenced and is being utilized in producing Asia’s first low-carbon ‘green’ zinc – EcoZen.

Developed under a captive power structure, this project will be strategically located across multiple high-resource sites in India, incorporating solar, wind, and advanced energy storage systems to ensure seamless and reliable renewable energy supply. The project is expected to be fully operational by 2027.

Revolutionizing Industrial Energy Procurement

Unlike traditional renewable energy agreements, this PDA represents a paradigm shift in industrial power procurement by offering precisely scheduled and dispatchable energy. Through a combination of cutting-edge forecasting, advanced grid management, and energy storage innovations, Serentica Renewables is enabling industries to transition towards firm renewable power without compromising on stability or operational efficiency.

This agreement plays a critical role in India’s net-zero ambitions, demonstrating how large industrial players can decarbonize operations through next-generation renewable solutions.

Sustainability and Carbon Reduction Commitments

Hindustan Zinc, recognized as the world’s most sustainable metals & mining company by S&P Global Corporate Sustainability Assessment 2024, continues its journey towards sustainability leadership. The company has achieved a 14% reduction in greenhouse gas (GHG) emissions intensity compared to its 2020 baseline, driven by:

• Expanding renewable energy adoption
• Enhancing operational efficiencies
• Transitioning to cleaner fuels and electric vehicles

Leadership Speaks on the Milestone Partnership

Mr. Arun Misra, CEO – Hindustan Zinc Limited, emphasized the company’s long-term sustainability vision:

“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. By securing 70% of our power from renewables, we are targeting nearly 70% reduction in carbon emissions, setting our sights on achieving net zero by 2050 or sooner.”

Mr. Akshay Hiranandani, CEO of Serentica Renewables, highlighted the breakthrough in firm renewable energy solutions:

“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.”

Serentica’s Global Recognition in Energy Transition

Serentica Renewables has been globally recognized for its leadership in firm renewable energy solutions. At the 26th S&P Global Energy Awards, the company won the prestigious ‘Deal of the Year – Financial’ award, reinforcing its position as a key enabler in the global energy transition.

Hindustan Zinc’s Industry Leadership

Hindustan Zinc is the first Indian metals & mining company to secure validated Science Based Targets Initiative (SBTi) targets, aligning with the 1.5°C global warming goal. The company’s product portfolio is also the first in India to hold Environmental Product Declaration (EPD) verification, ensuring comparable data on product environmental footprints.

As a Vedanta Group company, Hindustan Zinc commands a 75% market share in India’s primary zinc industry, with supply chains spanning over 40 countries. Recognized among the Top 1% of companies globally in the S&P Global Sustainability Yearbook, Hindustan Zinc continues to set industry benchmarks in decarbonization and sustainability leadership.