Serentica Renewables has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka.
Notably, the company has secured Rs 26 billion in debt financing from Power Finance Corporation Limited (PFC). To ensure the round-the-clock green energy demand, Serentica will install a total of 4 GW of renewable energy capacity across the nation. Specifically, within the state of Karnataka, the company is currently in the process of establishing 400 MW of wind and solar energy capacity.