KKR to invest $400 million in Serentica Renewables

KKR and Serentica Renewables have signed definitive agreements under which KKR will be investing $400 million in Serentica Renewables. KKR stated that the investment was made as part of its Asia Pacific infrastructure strategy. 

Recently in September 2022, Serentica Renewables announced the inauguration of a renewable energy platform. The company plans to install 1,500 GW of solar and wind power capacity in the country. 

Also, in the same month, Hindustan Zinc acquired a 26 per cent stake in Serentica Renewables India for Rs 3.5 billion. In addition, the company signed a long-term renewable power delivery agreement with a capacity of 200 MW.