Brookfield Asset Management is planning to sell its 550‑megawatt (MW) solar power project in Bikaner, Rajasthan, in a deal valued at around ₹3,000 crore (about $360 million). The project is fully commissioned and supplies green power to commercial and industrial customers through long‑term power purchase agreements, as well as through power exchanges.
The proposed transaction is part of Brookfield’s strategy to optimise its Indian renewable‑energy portfolio and recycle capital into newer clean‑energy projects. The global asset manager already manages roughly $30 billion in Indian assets across infrastructure, real estate and private equity, with plans to grow that to $100 billion over time.
The 550‑MW Bikaner plant is connected to India’s interstate transmission system and represents a key utility‑scale solar asset in the country. It has also attracted international financing, including a $105‑million investment from the International Finance Corporation (IFC), which highlights global confidence in India’s large‑scale solar sector.
The sale process is being managed by global investment bank Jefferies, and has drawn interest from several international and domestic buyers. At an average of about ₹5.45 crore per MW, the deal sits within current market‑valuation ranges for similar operational solar assets in India.
FAQs [Frequently Asked Questions]
1. What is the size and value of the Rajasthan solar project sale?
Brookfield is selling a 550‑MW solar project in Bikaner, Rajasthan, for an estimated ₹3,000 crore (around $360 million), or about ₹5.45 crore per MW.
2. Who is buying the Brookfield solar asset?
The buyer has not been named yet; the sale is being managed by Jefferies, and multiple overseas and domestic investors have shown interest in the project.
3. Why is Brookfield selling this solar project?
Brookfield wants to free up capital from a mature asset and redeploy it into new renewable‑energy and infrastructure projects in India, as part of its broader portfolio‑optimisation plan.