|

Brookfield sells 1.6 GW India renewables portfolio to Gentari

India, News

Brookfield Asset Management and its affiliates (Brookfield) have announced the sale of a 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India in a two-phase transaction. The first phase, involving the sale of 1 GW of operational assets, has been completed. Brookfield currently has an installed capacity of around 46 GW and a development pipeline of approximately 200 GW. Its assets span North and South America, Europe, and the Asia-Pacific…

|

Brookfield Properties to power Delhi-NCR campuses with renewable energy

India, News

Brookfield Properties will use renewable energy from its solar project in Bikaner, Rajasthan, to provide green power to four of its office campuses in the Delhi-NCR region. This marks the company’s first collaboration in India under the Inter State Transmission System (ISTS) bilateral framework. The initiative will supply 40% of the energy needs for tenants at the Candor TechSpace campuses located in Sector 48 and Sector 21 in Gurugram, and Sector 62 and Sector 135…

|

Gentari plans to sell up to 50% stake in India renewables unit

India, News

Gentari is planning to divest up to 50 per cent stake in its India operations. The move could become one of the largest green energy transactions in the country. The company has appointed Standard Chartered Bank as the transaction advisor. Gentari’s India portfolio includes 4 GW of operational renewable assets, another 4 GW under construction, and 4 GW in the pipeline. In March, Gentari Renewables India acquired a 1.6 GW solar and wind portfolio from…

|

Evren receives USD 100 million from ALTÉRRA for 11 GW renewables in India

India, News

Evren has received a USD 100 million investment from ALTÉRRA to develop around 11 GW of solar, wind, and battery storage projects in Rajasthan and Andhra Pradesh. The investment will support the development and construction of these large-scale renewable energy assets. This is ALTÉRRA’s first direct investment in the Global South. The funding comes through the ALTÉRRA acceleration fund, in partnership with the Brookfield Global Transition Fund II and other investors. It supports India’s goal…

|

Evren signs PPA with NTPC for 300 MW FDRE renewable energy project

India, News

Evren, a joint venture (JV) between Brookfield Renewable India and Axis Energy Ventures India Private Limited, has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited for the 300 MW FDRE ISTS-Connected Renewable Energy Project (Tranche-II) in India. The project, which was awarded to ABC Cleantech Private Limited (ACPL), an Evren Group company, follows a successful bid in March 2024. ACPL won the 300 MW Firm and Dispatchable Renewable Energy (FDRE) capacity under NTPC’s…

Power Sector News Roundup for March 6, 2025

Power Bytes

Global: Ontario Premier Doug Ford threatens to cut U.S. energy supply over tariffs Masdar, EDF Renewables sign PPA with Soluna for 166 MW wind power India: Suzlon secures 204.75 MW wind order from Jindal Green Wind Brookfield sells 1.6 GW India renewables portfolio to Gentari India begins trials for hydrogen-powered heavy-duty trucks MHI mandates 100 per cent domestic content for key EV components ONGC Green acquires PTC Energy for Rs 9.25 billion Powergrid secures three…

|

Vestas secures 134 MW wind turbine orders in Europe

Global, News

Vestas has announced new contracts totalling 134MW for wind turbine projects in Europe as part of its Q4 2024 order intake. In Italy, Vestas received a 26MW order from Alerion San Marco for the Valico Casone Cocca project. It will feature three V150-6.0 MW and two V117-4.2 MW turbines, with a ten-year Active Output Management (AOM) 4000 service agreement. Delivery is planned for Q4 2025, with commissioning in Q1 2026. In Spain, an undisclosed customer…

|

Masdar strengthens European presence with two Iberian acquisitions

Global, News

Masdar has expanded its footprint in Europe by completing two acquisitions in the Iberian Peninsula. Along with its institutional partners, Masdar acquired Saeta Yield from Brookfield Renewable Partners for an enterprise value of €1.2 billion and an equity value of €696 million.  Saeta’s portfolio includes 745 MW of wind assets, with 538 MW in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain, along with a 1.6 GW development pipeline….

|

Vestas secures 225MW contracts in US, Germany and New Zealand

Global, News

Vestas has signed contracts for 225MW of wind turbine projects in the US, Germany, and New Zealand, as part of its Q4 2024 order intake. In the US, Vestas received an 86MW order from Brookfield Renewable for the Mulqueeney project. It will deploy V163-4.5MW turbines, with a ten-year AOM 5000 service agreement. In New Zealand, Vestas secured a 77MW contract with Mercury Energy for the Kaiwaikawe project. The project will use 12 V162-6.4MW turbines and…

|

Westinghouse Electric and Aecon partner to advance nuclear energy projects

Global, News

Westinghouse Electric Company and Aecon have signed two agreements to jointly develop and deploy advanced nuclear power projects, including the construction of AP1000 reactors in Canada. The collaboration is projected to generate up to C$28.7 billion ($20.1 billion) in GDP from a four-unit AP1000 project in Canada. Under a strategic cooperation agreement, the companies aim to target Canadian markets and expand the supply of critical components for advanced nuclear reactors globally. Aecon will leverage its…