Serentica Renewables Plans to Double Capacity to 5,000 MW by FY27 with $5 Billion Funding Commitment
Serentica Renewables aims to increase its capacity from 2,500 MW to 5,000 MW by FY27, investing nearly $3.5 billion by March 2027. The company is on track to secure $5 billion in debt and equity commitments by March 2027, and is evaluating funding sources for ongoing growth. Despite a recent rise in solar cell prices, the company expects demand to stabilize, spurred by initiatives like 'Make in India'.
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Serentica Renewables, backed by KKR, plans to double its capacity to 5,000 MW by FY27, investing approximately $3.5 billion by March 2027. The company is projected to secure $5 billion in funding commitments within the same timeframe.
Current developments indicate that while solar cell prices have recently surged due to silver price increases, a subsequent drop in silver prices has eased project cost pressures. The demand for power is expected to steady, driven by industrial growth initiatives and potential impacts from the carbon border adjustment mechanism.
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