Serentica Renewables has successfully raised Rs 5,600 crore in funding from state-owned firms REC (Rural Electrification Corporation) and PFC (Power Finance Corporation). The funding comprises Rs 3,000 crore in debt funding from REC and Rs 2,600 crore in debt funding from PFC. This financial injection supports REC’s role in financing green projects and aligning itself as a pivotal agency for the energy transition. Serentica Renewables aims to accelerate the development of its initial project phase with the secured funding, contributing to the provision of clean energy to energy-intensive industrial consumers and their journey toward a net-zero future. The company is dedicated to developing 4GW of renewable energy capacities, supplying more than 9 billion units of clean energy annually and offsetting 8.5 million tonnes of CO2.