Serentica Renewables plans 1 lakh crore Rajasthan expansion, adds storage

Serentica Renewables will invest 1 lakh crore in Rajasthan, more than doubling a 50,000 crore pledge it made in December 2024, as it expands solar and battery storage across Bikaner, Jaisalmer and Bhadla. More than 10,000 crore has already been deployed in the state.

Rajasthan now makes up more than half of Serentica’s total solar portfolio, with its renewable pipeline reaching 27,000 MW. It already has more than 2,500 MW operating and another 3,000 MW under construction, with a target of supplying 67 billion units of clean electricity a year and avoiding 47 million tonnes of carbon dioxide emissions. Serentica was established in 2022 and is backed by a $650 million investment from KKR.

The Rajasthan plan includes a storage layer. Phase one of a 200 MWh battery project in Bikaner is meant to support consistent 24/7 clean power, while phase two adds another 800 MWh and is expected online within the next three months. Serentica plans to expand its Fatehgarh solar platform with an initial 1,270 MWp, followed by another 500 MWp and a 2,500 MWh battery system in FY27.

Rajasthan’s investment-promotion portal ranks the state second among Indian states in installed renewable capacity and first in solar, with 28,617 MW of renewable capacity and 22,860.73 MW of solar capacity. State government material puts installed renewable capacity at 43,798.06 MW as of January 2026. The state has also approved major land allocations, including a 5,000 MW solar park in Ramgarh tehsil of Jaisalmer and a 2,700 MW solar park elsewhere in the district.

In April 2026, Cairn Oil & Gas, part of Vedanta Group, began taking 25 MW of captive renewable hybrid power from Serentica for its Barmer oilfield operations, covering about 20 per cent of the field’s demand and cutting 115 kilotonnes of COe a year.