According to the new agency, KKR, which owns Serentica alongside billionaire Anil Agarwal s Twinstar Overseas Ltd, agreed in November to spend $400 million in the company.
Serentica Renewables is developing 1.5 GW of solar and wind power projects in India. Over the medium term, it aims to install 5 GW of clean energy capacity, coupled with different storage technologies. The investment by KKR will support its industrial decarbonization projects.