Serentica Plans Major Funding Push to Expand India’s Green Energy Capacity
New Delhi – Serentica Renewables is preparing to raise between $6 billion and $8 billion over the next five years as part of a large-scale expansion strategy aimed at accelerating its clean energy growth, acquiring operational assets, and supporting India’s broader renewable energy transition.
Backed by global investment firm KKR, the company aims to deploy a total investment of $10 billion to $11 billion to boost its renewable energy portfolio to around 17 gigawatts by the 2029–2030 period, marking a significant scale-up from its current development pipeline and installed capacity.
Serentica’s leadership says the company is targeting both new project construction and the acquisition of existing assets, with the goal of rapidly expanding footprint in solar, wind, and hybrid renewable solutions as demand rises for cleaner industrial and commercial power sources across India.
At present, the company operates approximately 2 gigawatts of installed solar and wind capacity, with another 2 gigawatts expected to be commissioned within the next ten months, reflecting one of the fastest growth trajectories in the country’s industrial-focused renewable segment.
The first major investment phase, amounting to about $3 billion, has already been fully funded through existing commitments, while the second phase, worth an estimated $2 billion, is partially secured and is expected to close following ongoing discussions with financial partners.
Company executives describe their acquisition strategy as value-driven and opportunistic, noting that Serentica is actively evaluating projects within the 3 to 5 gigawatt pool of operational and under-construction renewable assets currently available for sale in India’s growing energy market.
India’s renewable energy sector continues to attract strong domestic and global interest as the country works toward its target of doubling non-fossil fuel power capacity to 500 gigawatts by 2030, prompting expanded capital flows and accelerated project development.
The surge in renewable investment has been driven by a combination of policy incentives, declining technology costs, increased corporate demand for clean energy, and a nationwide pivot toward reducing emissions and strengthening long-term energy security.
In addition to Serentica’s expansion, its associate firm Resonia—formed following the restructuring of Sterlite Power—is planning to invest between $1.5 billion and $2.5 billion annually in India’s rapidly evolving transmission infrastructure sector.
Resonia, backed by Singapore’s sovereign wealth fund GIC, is focused on building high-capacity transmission networks that will play a central role in connecting newly developed renewable projects to consumption centres across multiple states.
According to company projections, Resonia aims to secure between $2 billion and $3 billion in transmission projects every year, with India expected to award close to $14 billion to $16 billion worth of transmission contracts over the coming years as part of a nationwide grid expansion plan.
The expansion of transmission infrastructure has become essential, as India prepares to integrate massive upcoming renewable generation capacity, requiring modern, high-voltage corridors to efficiently transport clean power from solar- and wind-rich regions to industrial and urban demand hubs.
Sector analysts note that India’s next phase of clean energy growth depends not just on generating capacity but also on the strength and speed of transmission infrastructure development, making companies like Resonia critical players in enabling long-term energy transition goals.
The combined investment momentum from both Serentica and Resonia signals renewed confidence in India’s clean energy policies, as well as the rising participation of global financial institutions seeking exposure to the region’s fast-expanding renewable and power infrastructure sectors.
As India moves forward with its ambitious 2030 climate and energy objectives, the efforts of major private and public sector participants are expected to drive higher renewable penetration, broaden grid capacity, and shape the country’s future low-carbon power ecosystem.
