Green energy firm Serentica Renewables secures $250 million from KKR

Sterlite Power-backed firm to look at data centres, pharma cos, export industries for growth

Sterlite Power-backed Serentica Renewables, which would cater to commercial and industrial consumers, has raised $250 million from investment firm KKR in its second round of funding from the latter.

Serentica, which was launched in July last year, raised $400 million from KKR late last year from its Asia Infra Fund.

Speaking to Business Standard, Pratik Agarwal, director, Serentica, said last year’s fundraise was through straight equity with a small amount of preference capital, which was for phase one of the business. 

“Since we have signed additional contracts bringing total installed capacity to 4,000 MW, we have raised an additional $250 million.