Round-the-clock clean energy solutions company Serentica Renewables (India) has announced the appointment of a new Chief Executive Officer (CEO), elevating the company's Executive Director-Corporate Finance, Akshay Hiranandani to the post.
Hiranandani has been working with Serentica since 2021 leading the company's corporate finance function including managing and strategizing capital raise and allocation. Management credits him with executing the strategic capital raise for the company in these 2 years.
He previously worked with renewable independent power producer (IPP) platforms as SunEdison and Skypower. Hiranandani's last assignment was with Piramal Capital where he was responsible for the company's structured investment and project finance desk. He will now work closely with Serentica's Director Pratik Agarwal.
"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," said Hiranandani. "In this exciting phase of the industry, Serentica is committed to delivering round-the-clock renewable power to aid decarbonization of high carbon emitting industries."
Serentica targets to supply over 16 billion units of clean energy annually in the medium term, using a mix of solar, wind, energy storage and balancing solutions. The company is jointly held by Greenlake Asia Holdings II PTE Limited (KKR) and Twinstar Overseas Limited (TSOL).