Serentica Secures Over $100 Million for Rajasthan Solar Project

Serentica Renewables has achieved financial closure for its second external commercial borrowing (ECB) deal, raising over USD 100 million (Rs 830+ crore) in debt funding from global financial institutions Rabobank and Société Générale. The capital will be used to develop a 300 MW solar power project in Rajasthan.

The project will supply renewable energy to Bharat Aluminium Company (BALCO), a subsidiary of the Vedanta Group, supporting Serentica’s mission to decarbonize energy-intensive industries and contribute to India’s clean energy targets.

“This financial close, supported by global partners, reflects growing confidence in our vision to accelerate India’s energy transition,” said Akshay Hiranandani, CEO of Serentica Renewables.

This milestone strengthens Serentica’s position as a leading clean energy provider for industrial consumers. With a growing portfolio of 1,000 MW in renewable capacity, the company continues to expand across India with solar, wind, energy storage, and balancing solutions.

News by Rahul Yelligetti.