Funding commitment of $5 bn likely by March '27'

KKR-backed independent power producer (IPP) Serentica Renewables & Resonia plans to double its capacity by FY27 and is looking to produce 50 billion units of clean energy annually by FY30.

- @ PRATIK AGARWAL, CHAIRMAN, SERENTICA RENEWABLES & RESONIA

Pratik Agarwal, chairman, Serentica Renewables and MD, Sterlite Electric, tells Raghavendra Kamath about the company’s future plans and issues plaguing the renewable power.How much capacity expansion have you completed in FY26, and what is the plan for FY27? How much do you plan to invest?

By March 2026, we will reach a capacity of 2,500 MW, with plans to double this to 5,000 MW by FY27. In terms of capital commitment, we expect invest nearly $3.5 billion by March 2027. Moving forward, our strategy involves an annual investment of $1.5-2 billion.

Serentica planned to raise between $6-8 billion over the next five years. How much of this has been tied up?

We are well on track with our financial roadmap. We expect to have tied up debt and equity commitments totalling nearly $5 billion by March 2027.

What are your plans for cells, panels, wafers, and ingots?