Brookfield Asset Management, a Canadian investment firm, plans to significantly increase its investments in India’s renewable energy sector to over $10 billion within the next three to four years. Brookfield, currently the second-largest investor in India’s green energy assets, holds a sizable portfolio chiefly through its Brookfield Global Transition Fund (BGTF I). This fund, valued at $15 billion and fully deployed, is now followed by BGTF II, which has already secured a first close of $10 billion and is expected to reach $17 billion. The firm has acquired notable assets in the sector, such as wind farms from Axis Energy Ventures and a controlling stake in CleanMax Enviro. Brookfield is also exploring investments in electric vehicles, green hydrogen, and related technologies. The firm emphasizes the need for scalable opportunities and is keen on forming partnerships in the evolving EV space. Saini, the managing director of Brookfield’s renewable power and transition group, noted that Brookfield is closely monitoring market growth dynamics and is prepared to leverage its substantial capital and expertise to acquire and grow high-quality assets.

Renewable Energy, Electric Vehicles, Green Hydrogen, Private Equity,India, Canada

https://m.economictimes.com/industry/renewables/brookfield-targets-usd-10-billion-investments-in-renewable-sector/amp_articleshow/111212583.cms