India’s Serentica Renewables scores more funding: Indian decarbonization platform Serentica Renewables secured a USD 250 mn investment from US private equity firm KKR to support its plans in developing a 4 GW renewable energy portfolio, according to a statement. This brings KKRs total investments in Serentica to USD 650 bn, after a previous USD 400 mn investment last November. The statement did not disclose KKR’s ownership stake in the company.

About Serentica Renewables: Serentica is a newly founded solar, wind, and battery storage project developer that targets large-scale energy intensive industries across India’s Karnataka, Rajasthan, and Maharashtra regions. In the medium-term, it aims to install 5 GW of renewable energy, cutting 20 mn tons of CO2 emissions. It is jointly owned by KKR and Twinstar Overseas Limited.

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