Brookfield sells 1.6 GW of solar, wind assets in India to Gentari
Brookfield has announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India (Gentari). The first-phase sale of 1 GW of operating assets is already complete.
Brookfield Asset Management, a global alternative asset manager headquartered in New York, and its affiliates (Brookfield) today announced the sale of 1.6 GW portfolio of solar and wind assets in India to Gentari Renewables India (Gentari).
The selling is structured in two phases. The first phase, comprising the sale of 1 GW of operating assets, is complete. This marks Brookfield’s first full cycle portfolio monetization in India for its Renewable Power & Transition business.
Nawal Saini, managing director, Head of Renewable Power & Transition, South Asia and the Middle East, Brookfield, said, “Our focus is on delivering value to our stakeholders while advancing the country’s energy transition. Monetizing a part of our portfolio demonstrates our ability to create and realize value. This transaction with Gentari reinforces investor confidence and unlocks new opportunities for further capital allocation in the country. With approximately 40 GW of wind and solar assets across various stages, our overall portfolio reflects our long-term commitment in India.”
Brookfield is one of the world’s largest investors in renewable power, with around 46 GW of installed capacity and a development pipeline of around 200 GW. Its assets, located in North and South America, Europe, and Asia Pacific comprise a diverse technology base of hydroelectric, wind, utility-scale solar and storage facilities. In India, Brookfield’s renewable power and transition portfolio comprises around 40 GW of wind and solar assets in operation, construction and/or development across leading platforms.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.