
Mumbai – Brookfield Asset Management, a leading 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”), 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 approximately 46 GW of installed capacity and a development pipeline of approximately 200 GW. Our 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 of approximately 40 GW of wind and solar assets in operation, construction and/or development across leading platforms.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion 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 its clients, across economic cycles.