Statkraft Sells 1.5 GWp Renewable Energy Portfolio in Rajasthan, India to Serentica Renewables
Statkraft has signed an agreement to sell its Indian renewable energy portfolio in Rajasthan, totalling approximately 1.5 GWp, to Serentica Renewables. The deal includes the 445 MWp Khidrat solar plant (operational in 2025) and approximately 1,000 MWp of solar and wind projects in various stages of development. The transaction reflects Statkraft's strategic refocus on core markets in Europe and South America.
Transaction date: · Source: statkraft.com
Key facts
- Transaction date
- Technology
- Solar PV, Onshore Wind
- Capacity
- 445 MW
- Transaction price
- Not disclosed
- Buyer
- Serentica Renewables
- Seller
- Statkraft
- Country
- India
- Region
- Rajasthan
- Location
- Rajasthan, India
- Continent
- Asia
- Development status
- Operational
- PPA
- n.a.
Technology details
Portfolio of approximately 1.5 GWp total: Khidrat solar plant (445 MWp, operational in 2025) plus a development pipeline of solar and wind projects at various development stages with an estimated capacity of 1,000 MWp, all located in Rajasthan. Transaction subject to conditions precedent and regulatory approvals.
Additional information
Statkraft announced plans to divest its India portfolio in 2024, refocusing capital on core markets in Europe and South America. Statkraft entered India in 2004 through SN Power, building a diversified portfolio of solar, wind and hydro assets across multiple states. Serentica Renewables was established in 2022 and has reached 1,000 MW of renewable energy capacity. KKR has invested $650 million in Serentica. Capacity figure reflects operational assets only; total portfolio including pipeline is 1.5 GWp.
Source
Original announcement: https://www.statkraft.com/newsroom/news-and-stories/2025/statkraft-signs-agreement-to-sell-renewable-energy-projects-in-india-to-serentica-renewables/