Brookfield & ALT?RRA unveil $5 billion catalytic fund for markets

14 Jun 2024 CW Team

Brookfield Asset Management and ALT?RRA Management Limited have announced the launch of the Catalytic Transition Fund (CTF), a ground-breaking initiative aimed at directing up to $5 billion toward clean energy investments in emerging markets. The fund, supported initially by a $1 billion commitment from ALT?RRA, is expected to achieve its first round of financing by the close of 2024.

Focused on clean energy and transition assets in developing regions, where current global clean energy investments are below 15%, CTF addresses a critical gap identified in the Paris Agreement. Mark Carney, Chair and Head of Transition Investing at Brookfield, highlighted the fund's strategic importance, describing it as a private sector solution to the challenge of enhancing transition investments in emerging markets.

Nawal Saini, Managing Director, Renewable Power & Transition at Brookfield, stated, "Emerging markets require $1.6 trillion annually to meet their decarbonization targets aligned with the Paris Agreement."

H.E. Majid Al-Suwaidi, CEO, ALT?RRA, reiterated their commitment to accelerating climate action, mentioning, "We must significantly scale up our efforts to achieve collective climate objectives. Our investments in the Catalytic Transition Fund highlight our commitment to exceeding conventional business practices."

The fund's investment strategy encompasses South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe. Brookfield alone intends to contribute at least 10% of the fund's total capital. This extensive geographic focus includes substantial investments in countries like India, recognised for their robust policy frameworks supporting clean energy transitions. (Source: ET)

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..