KKR-backed Serentica may raise up to $8 bn for India green energy expansion

Serentica Renewables plans to raise between $6 billion and $8 billion over the next five years, to help fund acquisitions and build projects as it looks to more than double its clean energy capacity, a top executive said.

Serentica, backed by private equity giant KKR, is looking to invest $10 billion to $11 billion to expand its clean energy portfolio to 17 gigawatts (GW) by 2029/30, its chairman, Pratik Agarwal, said.

The company is looking to acquire projects that are already operating or are under construction.