Wednesday, December 11, 2019

Brookfield in Talks to Inject $800M in Indian Renewable Power Producer 'ReNew Power Ltd'

Canada's Brookfield Asset Management Inc (TSE:BAM.A) is holding talks to inject $800M in Indian Renewable Power Producer 'ReNew Power Ltd'.

Goldman Sachs Group Inc (NYSE:GS) currently owns more than 48% in ReNew Power. Other investors in the Indian firm are Abu Dhabi Investment Authority (ADIA), the Canada Pension Plan Investment Board (CPPIB), the Asian Development Bank (ADB), Global Environment Fund and Japan’s JERA.

ReNew Power, India's largest renewable energy independent power producer (IPP), owns over 8 GW of wind and solar assets across the country, either commissioned or in development, as of June 2019.



Brookfield in Talks to Inject $800M in Indian Renewable Power Producer 'ReNew Power Ltd'

Brookfield, Others Are Playing The Long Game In India’s Tricky Renewables Market

Canada's CPPIB, Brookfield eyeing more than $1 bn investment in ReNew Power

ReNew Power Ltd



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