Brookfield Asset Management, a leading globalalternative asset manager headquartered in New York, and its affiliates(Brookfield) have announced the sale of 1.6 GW portfolio of solar and windassets in India to Gentari Renewables India (Gentari), structured in twophases. The first phase, comprising the sale of 1.0 GW of operating assets, iscomplete. This marks Brookfield’s first full cycle portfolio monetization inIndia for its Renewable Power and Transition business.

Nawal Saini, Managing Director, Head of RenewablePower & Transition, South Asia and the Middle East, Brookfield said, “Ourfocus is on delivering value to our stakeholders while advancing the country'senergy transition. Monetizing a part of our portfolio demonstrates our abilityto create and realize value. This transaction with Gentari reinforces investorconfidence and unlocks new opportunities for further capital allocation in thecountry.”

Brookfield is one of the world’s largest investorsin renewable power, with approximately 46 GW of installed capacity and adevelopment pipeline of approximately 200 GW. The company’s assets, located inNorth and South America, Europe, and Asia-Pacific comprise a diverse technologybase of hydroelectric, wind, utility-scale solar, and storage facilities. InIndia, Brookfield’s renewable power and transition portfolio comprises ofapproximately 40 GW of wind and solar assets in operation, construction and/ordevelopment across leading platforms.