Serentica Renewables India Pvt Ltd., backed by private equity firm KKR & Co., is raising about $450 million through an offshore loan, according to people familiar with the matter. The fundraising highlights the growing global appetite to fund India's clean energy expansion as corporations accelerate decarbonization goals.

The KKR-backed platform, which develops solar and wind projects for commercial and industrial users, plans to use the proceeds to refinance existing debt and finance new capacity additions. The offshore loan structure reflects strong international investor confidence in India's renewable energy trajectory and regulatory framework.

Bloomberg reports that the transaction underscores a broader trend of global capital flowing into emerging market clean energy infrastructure. Serentica's fundraising follows a series of large-scale green financing deals in the region, signaling sustained momentum for renewable energy deployment across the subcontinent.