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KKR Eyes India's Green Energy Future
19 Oct
Summary
- KKR plans over ₹6,000 crore investment in Gentari's Indian renewable unit.
- Funding aims to expand green energy and hydrogen projects.
- Investment offers KKR future stake options in Gentari's Indian business.
KKR is preparing to inject more than ₹6,000 crore into Petronas' Indian renewable energy subsidiary, Gentari Renewable India Pte Ltd. This substantial capital infusion is intended to accelerate the growth of Gentari's renewable energy and green hydrogen initiatives within India.
The investment is structured to provide KKR with the potential to acquire a stake in the unit in the future. Gentari has been actively seeking growth capital to expand its operations and reduce existing debt, having previously acquired a significant renewable energy portfolio.
These funds will also support Gentari's existing joint ventures in India, including partnerships for solar, wind, and hybrid power generation, as well as hydrogen and ammonia production. The move underscores a significant commitment to India's burgeoning green energy sector.
