Global investment firm Brookfield has launched Lumara, a new renewable energy development platform in India, backed by an investment of approximately $600 million. Lumara will begin operations with a development portfolio exceeding 6 GW across solar, wind and battery energy storage system (BESS) projects. According to Brookfield, the platform is intended to address several constraints…
REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector project. The project, undertaken through Evren, a clean energy platform formed by Brookfield and Axis…
Brookfield Asset Management has completed the final close of its Brookfield Global Transition Fund II (BGTF II), raising USD 20 billion to accelerate investments in clean energy and low-carbon technologies worldwide. The fund will finance a broad portfolio across wind, solar, battery storage, carbon capture, and other clean energy assets. In India, it will support…
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…