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KKR to invest $400 mn in clean energy platform Serentica Renewable
By PTI Serentica 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. "This transaction is amongst the largest industrial decarbonization investments in India to date and carries forward the global decarbonization agenda which is centre stage at COP27 (2022 United Nations Climate Change Conference)," said Pratik Agarwal, Director of Serentica Renewables. #kkr #serentica Source:- CNBCTV18 Standard Chartered Bank acted as the sole financial advisor to Serentica for this transaction. KKR makes its investment from its Asia Pacific Infrastructure strategy.
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