Serentica Renewables secures $ 100 M funding for Rajasthan PV project

A debt of $ 100M was secured by Serentica Renewables from Rabobank and Société Générale for a 300 MW BALCO-linked solar project in Rajasthan.

By Nandini Yelabaka 06 Jun 2025 in India Bytes Project Bytes

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Serentica has structured ECB-backed funding with global lenders to support energy supply to Vedanta subsidiary BALCO in India’s industrial sector.Image Credit/Source: Serentica

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.

#RajasthanSolar #Rajasthan #SocieteGenerale #Rabobank #SerenticaRenewables

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