Key Points
Five years after entering the renewable energy sector in India, Canadian investor Brookfield Asset Management is looking to partially monetise its clean energy assets..
A potential deal is likely to value them at `9,000-10,000 crore ($1-1.2 billion) enterprise value, inclusive of debt, they said.. Currently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India..
In 2017, it bought US renewable energy company SunEdisons solar yieldco TerraForm Global Inc, which gave Brookfield a 300MW portfolio of renewable assets in India...
In 2022, Brookfield sold its portfolio of Indian road assets to Canada Pension Plan Investment Board in a deal valued at Rs 9,375 crore ($1.2 billion, as per currency conversion rates at the time)...
Key potential deals in the Indian renewable energy space include Shell offloading a significant stake in the operational assets of Sprng Energy and Macquarie Groups sale of Vibrant Energy, which provides electricity to corporate and industrial (C&I) customers...
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Brookfield enters second renewable energy joint venture with Axis Energy
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