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KKR joins hands with decarbonisation platform Serentica Renewables to create new energy platform
Global investment firm KKR and Vedanta Group’s arm Serentica Renewables have decided to create a new energy platform that would help large industrial clients decarbonise their businesses. Pratik Agarwal, Director of Serentica Renewables, said that the company is happy to have a like-minded strategic partner in KKR, which believes in its model of sustainable development. “ We are delighted to back Serentica through this latest strategic partnership and are excited to develop Serentica into a leading decabonisation platform that can contribute meaningfully to the energy transition requirements that lie ahead of us." An official statement said that since 2011, KKR has deployed over $15 billion in equity globally to invest in renewable assets, such as solar and wind, which have an operational power generation capacity of 23 GW, as of December 31, 2021. Earlier, it had invested in IndiGrid Investment Managers Ltd, an InvIT launched by Sterlite. Source: BusinessToday #KKR #VedantaGroup
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