+
Brookfield Raises $20B to Scale India Wind, Solar & Storage
POWER & RENEWABLE ENERGY

Brookfield Raises $20B to Scale India Wind, Solar & Storage

Brookfield Asset Management has announced the close of its Global Transition Fund II (BGTF II), securing $20 billion in institutional commitments. With additional co-investments, the total commitments amount to approximately s$23.5 billion, surpassing the fund’s initial target and marking another major step in Brookfield’s clean energy investment strategy.
More than $5 billion from this fund has already been allocated to energy transition projects, including Brookfield’s joint venture in India, Evren, which plans to develop over 10 GW of wind, solar, and energy storage capacity. The venture underlines the company’s continued focus on scaling renewable power generation in key growth markets.
Brookfield’s first transition vehicle, BGTF I, had raised about $15 billion, backing projects in clean energy, carbon capture, sustainable aviation fuel, battery storage, and nuclear services. The new fund extends this strategy, supporting global efforts to accelerate decarbonisation through diversified, long-term infrastructure investments.
According to Brookfield, rising global electricity demand—driven by industrial growth and electrification—makes sustained capital deployment in low-carbon technologies increasingly critical. BGTF II will continue channelling investment into projects that promote renewable capacity, energy storage, and system reliability, reinforcing Brookfield’s role in advancing the global energy transition.

Brookfield Asset Management has announced the close of its Global Transition Fund II (BGTF II), securing $20 billion in institutional commitments. With additional co-investments, the total commitments amount to approximately s$23.5 billion, surpassing the fund’s initial target and marking another major step in Brookfield’s clean energy investment strategy.More than $5 billion from this fund has already been allocated to energy transition projects, including Brookfield’s joint venture in India, Evren, which plans to develop over 10 GW of wind, solar, and energy storage capacity. The venture underlines the company’s continued focus on scaling renewable power generation in key growth markets.Brookfield’s first transition vehicle, BGTF I, had raised about $15 billion, backing projects in clean energy, carbon capture, sustainable aviation fuel, battery storage, and nuclear services. The new fund extends this strategy, supporting global efforts to accelerate decarbonisation through diversified, long-term infrastructure investments.According to Brookfield, rising global electricity demand—driven by industrial growth and electrification—makes sustained capital deployment in low-carbon technologies increasingly critical. BGTF II will continue channelling investment into projects that promote renewable capacity, energy storage, and system reliability, reinforcing Brookfield’s role in advancing the global energy transition.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code