Renewables space has more scope for platform assets

Saini's comments on the creation of a new platform come about two years after Brookfield announced Evren

- Priyamvada C.

India, which has seen a deep transformation in renewable energy in the past two decades, is showing more opportunities to create platforms to address the growing demand for energy assets, a top executive at Brookfield Asset Management said. "We have the operational capability to do platforms and are constantly looking at differentiated ways to approach decarbonization. Hopefully, we will set up another platform soon," said Nawal Saini, managing partner and head of renewable power & transition for South Asia and Middle East at Brookfield.

Speaking at the Mint Sustainability Summit in New Delhi recently, Saini said the company's journey in renewables in India is relatively young. "Across our multiple segments, we have committed about $3 billion in equity and about 50-55% has been deployed. The aim is to not just use the capital for M&A but also for actually creating the hard assets on the ground."