Brookfield invests $ 845 mn in power ventures

29 Sep 2023 CW Team

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.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..