Canadian investment firm Brookfield has picked up a 51% stake in CleanMax Enviro (CleanMax Solar), which supplies renewable energy to commercial and industrial establishments, said two sources aware of the development. The equity value of the company is between ₹3,500 crore and ₹4,000 crore, they added. The investment will largely be a secondary sale of […]
Brookfield to step up Australia renewables investment with $10.2 bln Origin Deal – EQ Mag
SYDNEY : Canada’s Brookfield and its partner EIG decided to go ahead with a $10.2 billion plan to buy Australia’s Origin Energy Ltd despite escalating regulatory and government policy headwinds, senior management at the group said on Tuesday. Origin, Australia’s top energy retailer, on Monday agreed to the long-running takeover offer from the consortium, nearing […]
Brookfield in talks to acquire CleanMax Solar – EQ Mag
Canadian investor Brookfield has entered into exclusive negotiations to invest as much as ₹3,000 crore ($363 million) to buy a controlling stake in CleanMax Solar, which provides renewable energy to commercial and industrial establishments, said two people sources in the know, speaking on the condition of anonymity. CleanMax is a major supplier of renewable energy […]
Canadian investor Brookfield looks to put $1 billion in Avaada – EQ Mag
Canadian investor Brookfield is in superior discussions to speculate as much as $1 billion via a number of tranches in Avaada Ventures Pvt Ltd (AVPL), mother or father entity of Avaada Group. The infusion will fund the group’s photo voltaic cell/module manufacturing and inexperienced ammonia plans, in addition to its renewable power era capability, stated […]
AWS Trades the Cloud for Renewable Energy – EQ Mag
Amazon Web Services (AWS) announced it’s working with global investment firm Brookfield Asset Management to provide cloud infrastructure services and automate the firm’s renewable energy generation operations. The cloud provider is also receiving 601.6 megawatts (MW) of wind and solar energy from its investment partner to power AWS operations in Europe, North America, and India […]
Brookfield to invest up to $2 billion in Scout Clean Energy and Standard Solar – EQ Mag Pro
$3.5 billion invested or allocated by Brookfield in North America clean energy sector this year Brookfield owns and operates an almost 65,000 MW diversified portfolio of renewables in the U.S., One of the largest clean power businesses in the country Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners, announces two […]
Brookfield bets big on Greenko looks to invest $1 billion – EQ Mag Pro
Brookfield Asset Management is in active discussions with Greenko to invest at least $1 billion in the company as the Hyderabad-based clean energy firm doubles down on providing energy solutions, said people aware of the matter. The partnership with Brookfield, a long-term owner, operator and developer of infra assets, will help in decarbonising initiatives that […]
Brookfield aiming to build 12-16 GW of renewable power in India over the next 10 years – EQ Mag Pro
Brookfield is looking to multiply its current 4 GW renewable portfolio by 3 to four times in India within the next decade in generation as well as help corporates make the transition to decarbonise and invest in building large scale supply chain in the country, said a top executive. The renewables current assets under management […]
ArcelorMittal, Brookfield, Canada pension fund among bidders for stake in NTPC Green Energy – EQ Mag Pro
New Delhi : ArcelorMittal, Brookfield and Canada Pension Plan Investment Board are among over a dozen entities that have evinced interest in buying stake in NTPC Green Energy Ltd, according to sources. NTPC Green Energy Ltd (NGEL) is a wholly-owned subsidiary of state-owned power giant NTPC Ltd. The expression of interest (EoI) for stake sale […]
Brookfield-Backed PIL, GAIL Sign Initial Pact For Hydrogen Collaboration – EQ Mag Pro
PIL owns and operates a 48-inch diameter, 1,480 km long Kakinada to Bharuch gas pipeline that connects major domestic supply hubs on the east to key demand centers in the west. It is a vital link in India’s national gas grid Brookfield Asset Management-based Pipeline Infrastructure Ltd has signed a pact with state-owned GAIL for […]