Brookfield Asset Management's Ambitious Plans for Renewable Energy Growth in India
Key Ideas
- Brookfield Asset Management aims to increase its renewable energy assets in India to over $10 billion in the next three to four years.
- The firm is actively exploring mergers and acquisitions in the renewable energy space and is interested in opportunities in electric vehicles and green hydrogen.
- They currently have around $3 billion assets under management in India and plan to grow this significantly through existing platforms and potential M&A activities.
- Recent key investments include agreements with Avaada and CleanMax, two prominent renewable energy platforms in India, to support their growth and development.
Brookfield Asset Management, a major investor in renewable power and climate transition assets, has set ambitious targets for its renewable energy assets in India. The Canadian firm plans to more than triple its assets under management in the country to over $10 billion within the next three to four years. With a focus on sustainability and long-term wealth creation, Brookfield is actively seeking opportunities in the Indian market, including mergers, acquisitions, and investments in areas like electric vehicles and green hydrogen. Their current AUM in India stands at approximately $3 billion and is expected to grow substantially through capital deployment in existing platforms and potential M&A deals. Notable recent investments include providing financing to Avaada and acquiring a stake in CleanMax, both leading renewable energy platforms in India. Brookfield's expansion plans signal a strong commitment to the renewable energy sector and sustainable development in the region.