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KKR Information: KKR invests $400mn in Vedanta’s renewable arm | India Enterprise Information – Instances of India

BENGALURU: World funding agency KKR is investing $400 million in Vedanta Group’s arm Serentica Renewables, a decarbonisation platform that gives clear vitality options for large-scale industries.
Serentica, established this 12 months, gives renewable vitality options by way of long-term energy buy agreements. At the moment, the corporate has entered into three long-term PPAs and is within the technique of growing 1,500MW of photo voltaic and wind energy tasks throughout numerous states together with Karnataka, Rajasthan and Maharashtra. Serentica’s medium-term aim is to put in 5,000MW of carbon-free technology capability coupled with totally different storage applied sciences and provide over 16 billion models of fresh vitality yearly and displace 20 million tonnes of CO2 emissions.
Pratik Agarwal, director on the firm, mentioned the KKR transaction is among the many largest industrial decarbonisation investments in India and carries ahead the decarbonisation agenda, which is centre stage at CO (2022 UN Local weather Change Convention).

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