Archive · 15 Sep 2025
Serentica to Acquire Statkraft's Indian Solar Business
Serentica, a clean energy company, is buying solar power plants in India from Statkraft.
These plants make electricity using the sun.
This deal will give Serentica more solar power for its customers, allowing them to have electricity at all times.
Serentica wants to increase its solar power capacity, aiming to provide businesses with a continuous supply of electricity, which will help with India's shift to clean energy.
Serentica Renewables, backed by KKR, is acquiring Statkraft's Indian solar business.
The deal value is estimated to be around ₹2,000 crore.
Statkraft has 445 MW of operational solar assets and 1 GW under construction in Rajasthan.
The acquired assets will provide round-the-clock power to Serentica's commercial and industrial customers.
Serentica aims to reach a 17 GW capacity by 2030.
- Who
- Serentica Renewables (backed by KKR) is buying Statkraft's Indian solar business.
- What
- Serentica Renewables signed an agreement to acquire Statkraft's Indian solar assets.
- When
- September 15, 2025 (publication date).
- Where
- The solar assets are located in Rajasthan, India.
- Why
- To provide round-the-clock power to commercial and industrial customers.
Statkraft
Serentica
Energy Transition
Statkraft
Statkraft produces hydropower, wind power, solar power, gas-fired power and supplies district heating.
Serentica
Serentica Renewables is committed to the energy transition goals of India, and this acquisition is one more step in furthering that vision.
- Buyer
- Serentica Renewables (backed by KKR)
- Seller
- Statkraft
- Deal Value
- Approx. ₹2,000 crore (estimated)
- Acquired Assets
- 445 MW operational, 1 GW under construction in Rajasthan
- Serentica's Goal
- 17 GW capacity by 2030
- Serentica's Current Portfolio
- 1.5 GW operating