Serentica Renewables, a decarbonisation platform, stated it has definitive agreements underneath which KKR will invest an additional $250 million in the corporate. In November 2022, KKR had invested $400 million to assist the corporate’s effort to obtain 4000 MW of put in renewable power capability.
Pratik Agarwal, Director, Serentica Renewables, stated, “This investment will enable us to further accelerate large-scale decarbonisation of the power-guzzling commercial and industrial segment.”
Hardik Shah, Partner, KKR, stated, “As India continues to develop at pace, clean energy solutions will play a growing and important role in meeting the country’s energy demands, especially in the industrial and hard-to-abate industries that Serentica looks to support.”
