Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to sell parts of its renewable energy portfolio in India to Serentica Renewables. Serentica Renewables is a fast-growing renewable energy company with high ambitions. Commenting on the development, Pratik Agarwal, Chairman, Serentica Renewables, said: 'This acquisition accelerates Serentica’s journey in becoming a leading contributor to India’s renewable energy transition. Over two decades, Statkraft built a diversified renewable energy portfolio, including solar, wind, and hydro assets and power trading across multiple states in India. Established in 2022, Serentica Renewables is a leading Indian renewable independent power producer committed to decarbonizing hard-to-abate industries by providing firm dispatchable renewable energy solutions.