India-based Serentica Renewables has secured over $ 100 M in debt from Rabobank and Société Générale through its second External Commercial Borrowing arrangement. The funds are used to develop a 300 MW solar power project in Rajasthan, which will supply electricity to Bharat Aluminium Company Limited (BALCO), a Vedanta Group subsidiary. With this addition, Serentica’s total renewable energy capacity has reached 1 GW including active projects across multiple Indian states. The deal aligns with the company’s strategy to meet industrial energy needs through clean sources. Serentica is also backed by a USD 650 million investment from KKR to support its nationwide renewable energy expansion.