Europe’s largest producer of renewable energy, Statkraft has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. The agreement includes a portfolio with a total capacity of around 1.5 GWp in the state of Rajasthan. Statkraft announced plans to divest its India portfolio last year, focusing the company’s investments on select markets in Europe and South America to build scale and strengthen its competitiveness.
Commenting on the development, Pratik Agarwal, Chairman, Serentica Renewables, said, “This acquisition accelerates Serentica’s journey in becoming a leading contributor to India’s renewable energy transition. By integrating Statkraft’s high-quality assets with our growth platform, we are strengthening our ability to deliver round-the-clock green power at scale and unlocking long-term value for all our stakeholders.”
