Brookfield commissions the 268 MWp capacity phase I of India’s largest C&I Park at Bikaner Rajasthan – EQ
Brookfield commissions the 268 MWp capacity phase I of India’s largest C&I Park at Bikaner Rajasthan
Once complete the ISTS connected C&I dedicated park at Bikaner will generate 550 MWp capacity
Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) today announced the successful commissioning of phase I of the country’s largest Inter State Transmission System (ISTS) connected renewable energy park in Bikaner, Rajasthan (“Bikaner”). Phase I of Bikaner has been commissioned with 268 MWp and the park will total 550 MWp of capacity when fully commissioned after phase II. The site’s power output will cater to the energy requirements of the Commercial & Industrial (C&I) segment. The equity investment for Bikaner was provided by the first vintage of the Brookfield Global Transition Fund (BGTF I), the world’s largest fund focused on investments that aim to accelerate the global transition to a net-zero carbon economy while delivering strong risk-adjusted returns to investors.
The renewable energy park hosts projects across business models including virtual PPA, third[1]party open access, group captive and merchant sale. In India, Brookfield’s renewable power and transition portfolio comprises 20 GW of wind and solar assets in operation or development across leading platforms. Murzash Manekshana, Managing Director and Head of Asset Management in India, Renewable Power & Transition, Brookfield said, “We are pleased with the successful completion of the first phase of the ISTS connected C&I park in Bikaner. We look forward to being partners to our customers and helping them achieve their decarbonization goals while participating in India’s journey towards achieving its target of 500 GW of non-fossil fuel capacity by 2030.”
Aright Greentech was the development partner and Jackson Green was the EPC partner for the project. Brookfield is one of the world’s largest investors in renewable power, with approximately 33 GW of generating capacity. Our assets, located in North and South America, Europe, and Asia Pacific comprise a diverse technology base of hydro, wind, utility-scale solar, distributed generation, storage, and other renewable technologies.
About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $900 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
