Serentica to Acquire Indian Solar Business from Statkraft
Statkraft’s acquisition by Serentica will grow the latter’s operating portfolio to 1.5 GW keeping the company on course to achieve its target of 17 GW by 2030. The completion of the transaction is subject to the fulfilment of conditions precedent and necessary regulatory approvals, if any.
September 15, 2025. By News Bureau
The acquisition will grow Serentica’s operating portfolio to 1.5 GW keeping the company on course to achieve its target of 17 GW by 2030. The completion of the transaction is subject to the fulfilment of conditions precedent and necessary regulatory approvals, if any.
Commenting on the development, Pratik Agarwal, Chairman, Serentica Renewables, said, “Serentica renewables is committed to the energy transition goals of India, and this acquisition is one more step in furthering that vision. By integrating this asset with wind and storage systems, we will be able to provide a faster round-the-clock solution to our largest clients.”
Standard Chartered Bank acted as the buy-side transaction adviser along with Khaitan and Co as the legal adviser. Ernst and Young LLP acted as the exclusive sell-side M&A banker to Statkraft, with Cyril Amarchand Mangaldas acting as the legal advisers.
Fernando de Lapuerta, Executive Vice President International, Statkraft, said, “We are pleased with this transaction. Serentica Renewables is a fast-growing renewable energy company with high ambitions. We are confident that they will continue to operate and develop these assets with competence and commitment, contributing to India’s green energy transition. I am also glad that this offers new opportunities for our competent employees following the transaction.”
please contact: contact@energetica-india.net.
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