Sustainiam, a climate tech startup specializing in carbon management solutions, has successfully onboarded a substantial portfolio of 400 MW of renewable assets from Brookfield, a global leader in renewable energy. This collaboration focuses on the registration, issuance, and trading of International Renewable Energy Certificates (I-REC), primarily consisting of wind assets, showcasing Brookfield’s commitment to expanding its renewable energy capabilities in India and beyond.
The 400 MW portfolio is currently being processed for I-REC registration through Sustainiam’s trading platform. This initiative will allow Brookfield to leverage the increasing demand for renewable energy certificates, ensuring that its assets generate verified and tradable I-RECs. This step is vital for Brookfield as it seeks to enhance its operations in India, where the company manages over 25 GW of wind and solar assets and has ambitious plans for further expansion.
Sapna Nijhawan, Founder and CEO of Sustainiam, expressed enthusiasm about the partnership, stating, “We are thrilled to collaborate with Brookfield on this significant project. Brookfield’s commitment to sustainability aligns perfectly with Sustainiam’s mission to accelerate decarbonization through cutting-edge technology. The onboarding of this portfolio demonstrates our platform’s capability to streamline the complex process of I-REC registration and trading, ensuring Brookfield’s renewable energy assets are fully optimized for carbon markets.” With Sustainiam’s platform, Brookfield gains access to real-time tracking and trading of I-RECs, enhancing its leadership position in the renewable energy sector.
Brookfield has recently acquired a controlling stake in Leap Green Energy, a key player in India’s renewable energy market. The partnership with Sustainiam aims to simplify the carbon credit certification process, facilitating Brookfield’s decarbonization goals while contributing to global renewable energy transitions.
Sustainiam has established partnerships with notable brands, including Sheraton Hotels & Resorts, ITC Responsible Luxury, WelcomHotel, Cargill, Radisson, and Coca-Cola, providing real-time insights and streamlined solutions for managing and trading renewable energy certificates. The addition of Brookfield to its client portfolio further reinforces Sustainiam’s leadership in the carbon management sector.
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