Serentica buys Statkraft’s India solar power biz
Serentica Renewables has acquired Statkraft’s solar power generation business in India, the two companies said in a joint press release on Monday without divulging financial details.
ET had first reported in its Monday edition that KKR-backed Serentica Renewables had outbid Blackstone to acquire 1.5 gigawatts of Statkraft’s solar power generation assets in Rajasthan for an enterprise value of around $220-$250 million.
