Serentica Renewables secures Rs 3000 crores in debt funding from REC
Serentica Renewables, an Indian renewable energy developer, has secured Rs 3000 crores of debt funding from REC Limited. The funding will be used to develop hybrid renewable energy projects in Karnataka, with a capacity of 560 MW. This comes after the company recently secured Rs 2600 crores in debt funding from another major player in the power sector, PFC.