SELECT vehicle type Calculate(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelMumbai: Canada’s Brookfield Asset Management is aiming to more than triple investments in India ’s renewable energy sector to over $10 billion in the next three-four years. Brookfield is the second-largest investor in India’s green energy assets.“In terms of size and scale, we are close to $3 billion AUM (assets under management),” Nawal Saini , managing director of Brookfield’s renewable power and transition group, said in an interview. Adani Green currently has the largest renewable portfolio of 11 GW operational assets and aims to hit 50 GW by 2030.Brookfield invests in Indian renewable space through the Brookfield Global Transition Fund (BGTF I), a $15 billion fund raised in 2022 and deployed fully. Currently, it’s raising a second fund, BGTF II, which is likely to be as much as $17 billion, as per media reports. And we are one of them.”Several large infrastructure investors are monetising renewable assets in India, including NIIF-owned Ayana Renewable Power, Acme Group, British giant Shell, Macquarie Energy, Italy's Enel Power and French company EDF.

Source: Economic Times June 24, 2024 17:21 UTC