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KKR to Invest Additional $250 million in Serentica Renewables

15May

By Editorial TeamNo Comments

Industry Updates, Must Read, RE Industry Updates, RE Updates

KKR to Invest Additional $250 million in Serentica Renewables

In a move that reinforces its commitment towards Serentica Renwables, Private equity firm KKR has decided to invest an additional $250 million (about Rs 2,044 crore) in Serentica Renewables. This is an additional investment to one that the firm has already done in the month of Nov 2022. For bigginers, Serentica Renewable is focused on industrial decarbonization, by making renewables the primary source of energy for the commercial & industrial segment which consumes more than 50% of the electricity generated in India. Serentica said in a statement released that it is now gearing up to install 4,000 MW of renewable energy capacity that will aid clean energy delivery to large-scale industrial customers. The company is already developing solar and wind power projects across Ra...

Avaada Energy Wins 560 Mw (Dc) Solar Project

Avaada Energy, an arm of Avaada Group – India's leading integrated energy enterprise with business interests across the energy transition value chain, has won the 560 MW (DC) Solar Project bid in e-Reverse auction conducted by MSEDCL. The project was awarded through competitive bidding, followed by an e-Reverse auction in which Avaada emerged as the winner with a quoted tariff of Rs. 2.88 / kWh (~$0.035). As per bid terms, PPA will be signed between two entities for 25 years, and the project will be commissioned within 18 months. The plant is expected to generate about 951 million units annually which will help reduce 8,85,563 tons of CO2 equivalent emissions annually. The solar project can potentially power ~7 lakh households with green energy. Speaking on this development, Vineet ...

ETO Motors in Collaboration with Delhi Metro Deploys 45 Electric 3-Wheelers at Kalkaji Metro Station

In line with India’s net zero pledge and to enable sustainable growth, ETO Motors, India’s leading EMaaS (Electric Mobility as a Service) Company with its unique 360-degree Electric Mobility business model, has launched 45 electric L5 three-wheelers with women driver partners at Kalkaji metro station in New Delhi. The initiative is in line with ETOs core principle of EMPOWERMENT and aims to promote their ‘drive and own’ scheme. This is ETO’s second launch in the city, they have successfully launched 36 E3Ws at Azadpur Metro Station for LMC service in December 2022.ETO has also set up a charging network through ETOs EV charging solution – Thunderbox at the Kalkaji metro station, which can simultaneously charge up to 30 vehicles at a time. Commenting on the launch, Mr Pavan Chavali, Mana...