Brookfield Sells 1.6 GW Renewables Portfolio to Gentari
POWER & RENEWABLE ENERGY

Brookfield Sells 1.6 GW Renewables Portfolio to Gentari

Brookfield Asset Management has sold its 1.6 GW solar and wind portfolio in India to Gentari Renewables India in a two-phase deal. The first phase, involving the sale of 1 GW of operating assets, has been completed, marking Brookfield’s first full-cycle portfolio monetization in its renewable power and transition business in India. 

The sale followed the Competition Commission of India’s approval for Gentari Renewables to acquire Brookfield’s stake in 21 Special Purpose Vehicles (SPVs) managing renewable power generation projects and their holding companies. These include assets from TerraForm, Axis, Electryone, NTPC, and NHPC. 

Brookfield has a global renewable capacity of 46 GW and a development pipeline of approximately 200 GW across North and South America, Europe, and Asia Pacific, with a significant portion in hydroelectric, wind, solar, and storage projects. In India, its renewable portfolio includes around 40 GW of wind and solar assets in various stages of operation, construction, and development. 

Gentari Renewables has been expanding its presence in India’s clean energy sector. In November 2024, the company won a 400 MW capacity in SJVN’s auction for 1,200 MW wind-solar hybrid projects at a tariff of Rs 3.19/kWh. Brookfield also remains active in India, with the International Finance Corporation investing $105 million in its 550 MW solar project in Bikaner, Rajasthan, announced in June 2024. 

(mercom)    

Brookfield Asset Management has sold its 1.6 GW solar and wind portfolio in India to Gentari Renewables India in a two-phase deal. The first phase, involving the sale of 1 GW of operating assets, has been completed, marking Brookfield’s first full-cycle portfolio monetization in its renewable power and transition business in India. The sale followed the Competition Commission of India’s approval for Gentari Renewables to acquire Brookfield’s stake in 21 Special Purpose Vehicles (SPVs) managing renewable power generation projects and their holding companies. These include assets from TerraForm, Axis, Electryone, NTPC, and NHPC. Brookfield has a global renewable capacity of 46 GW and a development pipeline of approximately 200 GW across North and South America, Europe, and Asia Pacific, with a significant portion in hydroelectric, wind, solar, and storage projects. In India, its renewable portfolio includes around 40 GW of wind and solar assets in various stages of operation, construction, and development. Gentari Renewables has been expanding its presence in India’s clean energy sector. In November 2024, the company won a 400 MW capacity in SJVN’s auction for 1,200 MW wind-solar hybrid projects at a tariff of Rs 3.19/kWh. Brookfield also remains active in India, with the International Finance Corporation investing $105 million in its 550 MW solar project in Bikaner, Rajasthan, announced in June 2024. (mercom)    

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?