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Published: May 1, 2023 at 4:47 p.m. ET
Global funding agency KKR and Co. Inc. will make investments a further $250 million in Indian clear power options supplier Serentica Renewables, the latter mentioned Monday.
The funding builds on a $400 million dedication from KKR in November and can assist the corporate set up 4 gigawatts of renewable power capability, Serentica mentioned in a information launch.
Serentica…
Global funding agency KKR and Co. Inc. will make investments a further $250 million in Indian clear power options supplier Serentica Renewables, the latter mentioned Monday.
The funding builds on a $400 million dedication from KKR in November and can assist the corporate set up 4 gigawatts of renewable power capability, Serentica mentioned in a information launch.
Serentica is creating photo voltaic and wind energy initiatives throughout India’s Karnataka, Rajasthan and Maharashtra states. The firm, which was established final 12 months, goals to offer power to large-scale, hard-to-abate industries.
New York-based KKR provides various asset administration in addition to capital markets and insurance coverage options.
India’s renewables capability has jumped 396% over the previous eight and a half years, reaching 174.5 GW as of February, together with massive hydroelectric initiatives, in response to the nationwide funding facilitation company Invest India.
This content material was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
–Reporting by Abdul Latheef, alatheef@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com
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