Brookfield invests $ 845 mn in power ventures
POWER & RENEWABLE ENERGY

Brookfield invests $ 845 mn in power ventures

Brookfield announced its commitment to supplying equity capital totalling $ 845 million for the development and construction of power projects. The global alternative asset manager, managing around $ 850 billion in assets, has entered into a second joint venture with Axis Energy Ventures to create a renewable energy development platform. In this partnership, Axis Energy Ventures will be adding its existing development pipeline of wind and solar power projects, located nationwide and in different stages of progress. Brookfield, via the Brookfield Global Transition Fund II (BGTF II), pledged to provide up to $ 845 million in equity capital for power project development and construction. In this strategic collaboration, both partners expressed their intention to use their expertise and resources collaboratively. They plan to offer tailored energy solutions to various industry participants, including government bodies, corporate clients, and emerging sectors such as green hydrogen. Brookfield stated that they had more than 16 GW of wind and solar assets in operation or in the development pipeline across India. They mentioned that since 2019, Brookfield and Axis Energy Ventures, through their earlier joint venture, had collaborated to develop over 1.8 GW of solar and wind assets. Axis Energy Ventures was described as a cleantech company focused on developing, owning, and operating wind, solar, wind-solar hybrid, and renewable energy projects, along with storage solutions through battery and pumped hydro. It was mentioned that they had a renewable development portfolio of over 10 GW across the country at various stages of implementation.

Brookfield announced its commitment to supplying equity capital totalling $ 845 million for the development and construction of power projects. The global alternative asset manager, managing around $ 850 billion in assets, has entered into a second joint venture with Axis Energy Ventures to create a renewable energy development platform. In this partnership, Axis Energy Ventures will be adding its existing development pipeline of wind and solar power projects, located nationwide and in different stages of progress. Brookfield, via the Brookfield Global Transition Fund II (BGTF II), pledged to provide up to $ 845 million in equity capital for power project development and construction. In this strategic collaboration, both partners expressed their intention to use their expertise and resources collaboratively. They plan to offer tailored energy solutions to various industry participants, including government bodies, corporate clients, and emerging sectors such as green hydrogen. Brookfield stated that they had more than 16 GW of wind and solar assets in operation or in the development pipeline across India. They mentioned that since 2019, Brookfield and Axis Energy Ventures, through their earlier joint venture, had collaborated to develop over 1.8 GW of solar and wind assets. Axis Energy Ventures was described as a cleantech company focused on developing, owning, and operating wind, solar, wind-solar hybrid, and renewable energy projects, along with storage solutions through battery and pumped hydro. It was mentioned that they had a renewable development portfolio of over 10 GW across the country at various stages of implementation.

Next Story
Infrastructure Transport

NF Railway Launches Girder on World’s Tallest Pier Bridge in Manipur

The Northeast Frontier Railway (NFR) has reached a significant engineering milestone by successfully completing the girder launch on the iconic Noney Bridge in Manipur.Regarded as an engineering marvel, the Noney Bridge is recognized as the world’s tallest railway pier bridge. It forms a crucial part of the 111 km long Jiribam-Imphal railway line project.Recently, the final span of the bridge was successfully erected, marking the completion of all eight spans of this monumental infrastructure venture.Kapinjal Kishore Sharma, Chief Public Relations Officer of NFR, stated that this accomplishm..

Next Story
Infrastructure Urban

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to ..

Next Story
Infrastructure Transport

New Flyover to Ease Traffic on Hyderabad’s Busiest Road

To improve urban connectivity and reduce traffic congestion in the city, the Greater Hyderabad Municipal Corporation (GHMC) will undertake the construction of a two-lane unidirectional flyover at NFCL Junction in Banjara Hills, along with a two-lane unidirectional underpass and a three-lane unidirectional flyover at TV9 Junction, as part of the state government’s prestigious Hyderabad City Innovative and Transformative Infrastructure (H-CITI) programme.The NFCL Junction flyover will be a two-lane unidirectional structure extending from Banjara Hills Road No. 3 towards GVK Mall. It is planned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?