From The Economic Times · Mohit Bhalla · · 50s
KKR Invests ₹6,000 Crore in Petronas India RE
KKR to invest over ₹6,000 crore in Petronas India's renewable energy arm.
In brief
KKR to invest over ₹6,000 crore in Petronas India's renewable energy arm. KKR plans to invest more than ₹6,000 crore in Petronas India's renewable energy unit to expand projects and reduce debt. Originally reported by The Economic Times.
KKR Investment Plan
KKR plans to invest more than ₹6,000 crore in Petronas India's renewable energy unit.
Funding Purpose
Funding will expand renewable and green hydrogen projects while lowering debt.
Investment Mechanism
KKR vehicle Sapphire US Holdco LLC seeks CCI approval for the investment.
Gentari's Portfolio
Gentari purchased 1.6 gigawatt renewable energy projects from Brookfield last year.
Future Stake Option
Investment gives KKR option to own stake in Gentari's future renewable ventures.
KKR's Renewable Footprint
KKR already has investments in Hero Future Energy and Serentica Renewables.
The one thing
KKR plans to invest more than ₹6,000 crore in Petronas India's renewable energy unit to expand projects and reduce debt.
