Global investment firm Brookfield Asset Management is preparing to divest its 550 MW solar power project in Bikaner, Rajasthan, with an estimated enterprise valuation of around ₹3,000 crore, according to industry sources.
The proposed transaction is part of Brookfield’s broader capital recycling strategy, aimed at monetising operational renewable energy assets and reallocating capital into higher-growth opportunities within the energy transition space.
The Bikaner-based project, located in one of India’s highest solar irradiation zones, is a utility-scale asset backed by long-term power purchase agreements (PPAs), primarily catering to commercial and industrial (C&I) consumers. Its stable revenue profile and operational maturity have positioned it as an attractive acquisition target for infrastructure investors, sovereign funds, and domestic energy players.
Market estimates suggest a valuation of approximately ₹5.4–5.5 crore per MW, reflecting steady investor appetite for de-risked renewable assets in India. The deal also highlights the increasing liquidity in the secondary market for solar projects, as developers and global funds actively rebalance their portfolios.
The development comes amid rapid expansion in India’s renewable energy sector, with growing traction in the C&I solar segment, driven by corporate decarbonisation goals and cost optimisation strategies. The country continues to advance toward its ambitious clean energy targets, further strengthening investor confidence in operational renewable platforms.
If completed, the transaction would underscore a broader trend of institutional capital rotation within India’s green energy landscape, where established assets are being monetised to fund the next phase of renewable infrastructure growth.
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