Brookfield announces $600 million renewable energy platform for India
New Delhi, July 30 -- Brookfield is expanding its India clean energy push with a new platform designed to tackle one of the sector's biggest constraints: getting renewable projects from development to execution.
The global investment firm on Thursday launched Lumara, a renewable energy platform that will deploy $600 million across solar, wind and battery storage projects by targeting bottlenecks such as delays in power purchase agreement (PPA) contracting, grid connection approvals, and land acquisition.
The platform aims to accelerate the development and construction of renewable energy projects by advancing them earlier in their lifecycle, allowing developers to bring capacity online faster.
"India represents one of the most attracti...
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