Brookfield Launches Phase One of India’s Largest Renewable Park in Rajasthan with 268 MWp Capacity

Brookfield Asset Management, a global leader in alternative asset management, announced on Thursday the successful commissioning of the first phase of a significant solar energy project in Bikaner, Rajasthan, India. This marks a significant milestone in the development of what is poised to be India’s largest renewable energy park with inter-state transmission system connectivity. The first phase of the Bikaner project introduces 268 megawatts peak (MWp) of solar power capacity, with plans to expand the park to a total capacity of 550 MWp upon the completion of its second phase.

This ambitious project is part of India’s broader efforts to transition towards a more sustainable, carbon-neutral economy. The Bikaner solar park is designed specifically to meet the energy demands of the commercial and industrial sectors, showcasing Brookfield’s commitment to supporting India’s decarbonization goals. The full details regarding the timeline for the second phase’s commissioning remain undisclosed.

Funded by the Brookfield Global Transition Fund (BGTF I), the world’s largest investment fund dedicated to accelerating the global shift to net-zero emissions, the Bikaner project stands as a testament to Brookfield’s strategic investments in renewable energy. This initiative aligns with India’s national objective to establish 500 GW of non-fossil fuel power capacity by 2030.

Brookfield Asset Management’s renewable power and transition portfolio in India encompasses an impressive 20 GW of wind and solar assets, either operational or under development. The company, with around 33 GW of generating capacity globally, remains a key player in the renewable energy sector, investing in a variety of technologies including hydro, wind, utility-scale solar, and more.

Murzash Manekshana, Brookfield’s Managing Director and Head of Asset Management in India for Renewable Power & Transition, expressed satisfaction with the project’s progress and its role in aiding customers’ decarbonization efforts. Aright Greentech and Jackson Green served as the development and EPC partners, respectively, for this landmark project.

Brookfield Asset Management oversees more than USD 900 billion in assets, focusing on investments in real assets and essential services critical to the global economy.