BENGALURU (Reuters) – U.S. non-public fairness agency KKR & Co Inc will make investments a further $250 million in Serentica Renewables, the Indian decarbonisation platform stated on Monday.

“This latest investment will support the company’s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to large-scale industrial customers,” Serentica Renewables stated in a press release.

KKR, which collectively holds Serentica with billionaire Anil Agarwal’s Twinstar Overseas Ltd, had in November dedicated to speculate $400 million within the firm.

Founded final yr, Serentica focuses on industrial decarbonisation by making renewables the first supply of power for the industrial and industrial sectors, that use greater than 50% of the electrical energy generated in India.

India’s renewables sector has been attracting growing international funding, and was amongst its prime 5 industries for abroad funds within the final fiscal yr, with a 5% share of all inflows from April to September 2022, in contrast with 3.3% in the identical interval a yr in the past.

(Reporting by Navamya Ganesh Acharya and Rama Venkat in Bengaluru; Editing by Robert Birsel)