RE Updates - SmartEnergy

KKR to Invest Additional $250 million in Serentica Renewables

15May

By Editorial TeamNo Comments

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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...

EKI Energy Services Ltd. is Now Great Place to Work®Certified

EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work®Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition. The certification is purely based on employees' experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values. Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, "We are extremely pleased with the recognition. At EKI, we have fostered an inclusive, productive and positive work environment that unites our employees and helps them set a clear direction. We strongly believe that building high-performing teams hinges on the cultu...

Prozeal Infra Gets First Round of Funding from Alchemie Ventures

Prozeal Infra Engineering Pvt. Ltd. has announced their first round of funding led by Chandrakant Gogri's family office arm – Alchemie Ventures. The $4 Million (approx. INR 32.5 Crore) investment is for a minority stake at an undisclosed valuation. The funds will be used to scale operations and execute developer-model projects for energy and utility companies. Incorp Advisory was the exclusive investment banker for the transaction, which represents the largest Series-A fundraising transaction in India's Solar EPC space in over 2 years. Prozeal Infra is a home-grown venture founded by two Ahmedabad-based co-founders. The company already has an order book worth INR 1,000 crore ($120 million) that will be fulfilled over t...