Global investment firm KKR invests $400 million in Serentica Renewables

Global investment firm KKR has inked a pact to invest USD 400 million in decarbonization platform Serentica Renewable.
Both the entities have signed definitive agreements to this effect, under which KKR will invest USD 400 million in Serentica Renewable, a statement said on Tuesday.
“This transaction is amongst the largest industrial decarbonization investments in India to date and carries forward the global decarbonization agenda which is centre stage at COP27 (2022 United Nations Climate Change Conference),” said Pratik Agarwal, Director of Serentica Renewables.
Serentica looks to deliver round-the-clock clean energy solutions for large-scale, energy-intensive industrial customers. This includes providing renewable energy solutions through long-term Power Purchase Agreements and working closely with customers to design their paths to net-zero electricity.
Currently, the company has entered into three long-term PPAs and is in the process of developing around 1,500 MW of solar and