KKR & Co. backs Serentica Renewables with $250m investment
Investors - MAY 2, 2023

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KKR & Co. backs Serentica Renewables with $250m investment

by Kali Persall

KKR & Co. is planning to inject an additional $250 million into Indian decarbonization platform Serentica Renewables.

Serentica is a decarbonization platform that seeks to enable the energy transition by providing complex clean-energy solutions for energy-intensive, hard-to-abate industries. The company 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.

In November 2022, KKR agreed to invest $400 million in Serentica Renewables via its Asia Pacific Infrastructure strategy.

“This latest investment will support the company's effort to achieve 4000 megawatts of installed renewable energy capacity that will aid clean energy delivery to large-sca

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