Akshay Hiranandani has been named the new CEO of Serentica Renewables, a decarbonisation platform focused on providing renewable energy to energy-intensive industries. Working alongside Pratik Agarwal, the Director of Serentica Renewables, Hiranandani previously served as the company’s Corporate Finance lead from 2021 to 2023. Serentica’s mission is to reverse climate change by providing renewable energy through solar, wind, energy storage, and balancing solutions.
The company has already entered into three long-term Power Delivery Agreements with industrial leaders and is in the process of developing over 1,500 MW of solar and wind power projects across several states. Their goal is to supply 16 billion units of clean energy annually and displace 20 million tonnes of CO2 emissions. In November 2022, KKR & Co. invested $400 million into the company.