Brookfield Offloads 1.6 GW of Renewable Assets to Gentari

GLOBAL INVESTOR BROOKFIELD Asset Management, on Wednesday said it has sold a 1.6 GW portfolio of solar and wind assets in the country to Gentari Renewables India, structured in two phases.

- RAGHAVENDRA KAMATH

Though the investor did not disclose the size of the deal, sources pegged the deal around $900 million.

The first phase, comprising the sale of 1 GW of operating assets, is complete, Brookfield said.

Brookfield's renewable power portfolio in the country comprises nearly 40 GW of wind and solar assets in operation, construction and/or development across platforms.