ALTERRA Invests in India’s Green Energy Platform Evren
POWER & RENEWABLE ENERGY

ALTERRA Invests in India’s Green Energy Platform Evren

ALTERRA, a climate-focused investment fund backed by the United Arab Emirates, has invested Rs 8.3 Bn (approximately $100 Mn) into Mumbai-based renewable energy platform Evren. The investment will support the development and construction of up to 11 gigawatts (GW) of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh.

This marks the first direct investment into the Global South by ALTERRA, made through its ALTERRA Acceleration Fund. The fund was launched at the 28th Conference of the Parties (COP28) with a $30 Bn commitment from the United Arab Emirates, aiming to mobilise $250 Bn globally by 2030 for climate financing.

Evren is backed by Brookfield’s Global Transition Fund II. The platform recently signed a power purchase agreement with NTPC Limited to supply 300 megawatts of renewable power.

According to ALTERRA, the investment reflects its mission to catalyse capital into scalable, high-impact climate solutions while supporting India’s energy security and economic growth. Brookfield Asset Management, which manages over $ one trillion globally, is a key strategic partner in Evren’s expansion.

India is targeting 500 GW of non-fossil fuel capacity by 2030 and currently has 269.82 GW installed, as per Central Electricity Authority data.

Source:Press Trust of India (PTI)

ALTERRA, a climate-focused investment fund backed by the United Arab Emirates, has invested Rs 8.3 Bn (approximately $100 Mn) into Mumbai-based renewable energy platform Evren. The investment will support the development and construction of up to 11 gigawatts (GW) of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh.This marks the first direct investment into the Global South by ALTERRA, made through its ALTERRA Acceleration Fund. The fund was launched at the 28th Conference of the Parties (COP28) with a $30 Bn commitment from the United Arab Emirates, aiming to mobilise $250 Bn globally by 2030 for climate financing.Evren is backed by Brookfield’s Global Transition Fund II. The platform recently signed a power purchase agreement with NTPC Limited to supply 300 megawatts of renewable power.According to ALTERRA, the investment reflects its mission to catalyse capital into scalable, high-impact climate solutions while supporting India’s energy security and economic growth. Brookfield Asset Management, which manages over $ one trillion globally, is a key strategic partner in Evren’s expansion.India is targeting 500 GW of non-fossil fuel capacity by 2030 and currently has 269.82 GW installed, as per Central Electricity Authority data.Source:Press Trust of India (PTI)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code