Private equity investment firm KKR has announced plans to acquire a stake in a budding renewable energy platform in India.
invest $400 million in Serentica Renewable. The renewable energy company is promoted by the Vedanta Group. The company plans to set up 5 gigawatts of renewable energy capacity over the next few years.
The company is expected to cater renewable energy demand from large corporates. Recent changes in Indian policies and renewed efforts to decarbonization among corporates has made this market very attractive.
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