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 Transport

Leh Airport Goes Green

Leh Kushok Bakula Rinpoche Airport is set to become India’s first airport powered by geothermal and solar energy, marking a significant milestone in sustainable aviation. This initiative, undertaken at an estimated cost of Rs 6.50 billion, aligns with efforts to transform Ladakh into a carbon-neutral region. With airports being major energy consumers, this project represents a crucial step toward reducing carbon emissions in aviation infrastructure.  The airport’s innovative approach involves replacing conventional air-conditioning systems with underfloor heating using geothermal..

Next Story
Infrastructure Urban

CCI Clears Tata Sons' Additional Stake Buy in Tata Play from Baytree

The Competition Commission of India has approved the acquisition of certain additional shareholding in Tata Play (Tata Play) by Tata Sons (Tata Sons) from Baytree Investments (Mauritius).The Proposed Combination involves the acquisition of 10% shareholding in Tata Play by Tata Sons.Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a “Systemically Important Non-Deposit Taking Core Investment Company”.Tata Play, formerly known as Tata Sky, is one of India’s leading content distribution platforms pro..

Next Story
Infrastructure Urban

DARPG Releases 31st CPGRAMS Report for February 2025

The Department of Administrative Reforms and Public Grievances (DARPG) has released the 31st monthly report on the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) for States and Union Territories (UTs) for February 2025. The report provides insights into the volume of grievances received, disposal rates, and major grievance categories across different states and UTs. Key Highlights from the Report Grievance Statistics: A total of 52,464 grievances were received in February 2025. 50,088 grievances were redressed during the month. As of 28th February 2025, the total pen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?