A 550 MW solar power plant in Bikaner, Rajasthan.
Global alternative asset manager Brookfield is in advanced discussions to divest its 550 MW renewable energy portfolio located in Bikaner, India, in a deal valued at approximately ₹2500 crore. The sale marks a strategic shift as the firm looks to rebalance its regional infrastructure holdings.
The Bikaner asset, which provides power to major commercial and industrial clients including Hindustan Unilever and Brookfield Properties, has attracted significant interest from domestic players. Industry sources indicate that Inox Clean Energy and Purvah Green Power have emerged as the primary contenders for the acquisition.
This divestment aligns with Brookfield’s broader capital recycling strategy in the Indian market, where the firm continues to manage a substantial footprint in renewable energy and real estate. For the potential acquirers, the portfolio offers an operational, cash-flow-generating asset with long-term power purchase agreements already in place, providing a stable entry point into the utility-scale renewable sector.
The transaction underscores the ongoing consolidation in India’s renewable energy space, as institutional investors optimize their portfolios to prioritize long-term yield and operational efficiency. The deal is expected to be finalized as the competitive bidding process reaches its closing stages.
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