The solar project will be developed at the site of Brookfield’s solar park, part of the Brookfield Global Transition Fund. The initiative will utilize group captive models for renewable energy procurement
Hindustan Unilever Limited (HUL) joins forces with Brookfield to establish a 45 MW solar energy park in Rajasthan, a move aligning with HUL s net-zero journey. HUL s board greenlights an equity investment in a Brookfield-owned Special Purpose Vehicle (SPV), fostering renewable energy under India s captive renewable energy scheme. Aligned with India s COP26 pledge, this project aids HUL s emission reduction goals and expands to suppliers, contributing to environmental sustainability. The partnership aims to supply green energy to HUL and its suppliers, supporting decarbonization objectives in India.