Global Infrastructure SherpaSerentica Renewables secures $250 million equity investment from KKR
KKR invested $250 million in Serentica Renewables to support its growth plans in the renewable energy sector. The investment will help Serentica develop and operate renewable energy projects in India.
Source Intelligence
The investment builds on the $400 million investment from KKR in November 2022. Quote: "The official statement of Serentica Renewables held that this latest investment builds on the $400 million investment from KKR in November 2022." Serentica Renewables aims to supply more than 40 billion units of green energy in the medium term every year to cut down 50 million tonnes of carbon dioxide emissions. Quote: "The larger objective of Serentica Renewables is to supply more than 40 billion units of green energy in the medium term every year to cut down 50 million tonnes of carbon dioxide emissions."
"Serentica Renewables has announced that the company has secured $250 million in a second round of funding from KKR, a global investment company."
"Serentica Renewables has announced that the company has secured $250 million in a second round of funding from KKR, a global investment company."
"Sterlite Power backed Gurugram based Serentica Renewables has announced that the company has secured $250 million in a second round of funding from KKR, a global investment company."
"Serentica Renewables had also entered into an agreement with Greenko Group, to source 1500MWhr energy storage capacity through Greenko’s pumped storage projects located in India."