India Business News: Global investment firm Brookfield and Hyderabad-based electric utility player Axis Energy Ventures on Thursday said they have set up their second joi
Brookfield forms a joint venture with Axis Energy Ventures uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
Renewable Energy: Brookfield, through the Brookfield Global Transition FundII (BGTF II), has committed to provide equity capital of up to $845 million (Rs7280 crore) towards the development and construction of the power projects, stated a press release. Axis Energy Ventures will contribute their existing development pipeline of wind and solar power projects which are spread across the country and at various stages of development.
Brookfield, through the Brookfield Global Transition FundII (BGTF II), has committed to provide equity capital of up to $845 million (Rs7280 crore) towards the development and construction of the power projects, stated a press release. Axis Energy Ventures will contribute their existing development pipeline of wind and solar power projects which are spread across the country and at various stages of development. Since 2019, Brookfield and Axis Energy Ventures through their earlier joint venture have collaborated to develop over 1.8 GW of solar and wind assets.