Acquisition of Statkraft's Solar Power Business by Serentica Renewables
Sector: Solar • Location: Rajasthan, India
Source: The Economic Times
Serentica Renewables, backed by KKR, has acquired Statkraft's solar power generation business in India, comprising 1.5 gigawatts of operational and under construction solar projects in Rajasthan. The deal is valued between $220-250 million (₹1,942-2,207 crore). Statkraft is exiting the India market as part of a global strategy to focus on its European operations. EY advised Statkraft, and Standard
- Status
- Closed
- Sector
- Solar, Power Generation (CCGT)
- Location
- Rajasthan, India
- Updated
- 22 Jul 2026
- Source
- The Economic Times
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | Serentica Renewables, backed by KKR, has acquired Statkraft's solar power generation business in India, comprising 1.5 gigawatts of operational and under construction solar projects in Rajasthan. The deal is valued between $220-250 million (₹1,942-2,207 crore). Statkraft is exiting the India market as part of a global strategy to focus on its European operations. EY advised Statkraft, and Standard Chartered advised Serentica. |
Original sector | Renewables |
Budget |
Location
Country | India |
State | Rajasthan |
Source
Source | The Economic Times |
URL |
More Details
Record type | Project |
Sector | Solar, Power Generation (CCGT) |
Article published date | 2025-09-16 |
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