Capital unlocked, competition rising, and India’s C&I renewables surging; Brookfield’s ₹30 billion Rajasthan solar sale marks a shift in its transition strategy.
Brookfield Asset Management is selling its 550-megawatt solar project in Bikaner, Rajasthan, for an estimated ₹30 billion (approximately $360 million). The divestment, managed by investment bank Jefferies, has drawn interest from both domestic and international bidders.
According to a report by The Economic Times, the move is part of Brookfield’s strategy to recycle capital from mature assets into higher-growth opportunities within India’s energy transition.
The project’s valuation, at around ₹54.5 million per megawatt, aligns with prevailing market benchmarks of $0.6–0.8 million per MW.
The International Finance Corporation previously supported the development with $105 million in financing, underscoring its viability. Brookfield, which currently manages about $30 billion in Indian assets across infrastructure, real estate and private equity, aims to expand this to $100 billion.
India’s commercial and industrial (C&I) renewable energy sector provides the backdrop for this sale. The segment accounts for more than half of the country’s electricity demand and is forecast to reach 57GW by 2027-28, up from 40GW by 2025-26.
Growth is driven by corporate net-zero commitments, favourable long-term power purchase agreements and regulatory measures such as the Green Energy Open Access Rules.
Brookfield’s broader strategy includes investments in electric vehicles and green hydrogen, supported by its $20 billion Global Transition Fund II, which follows a $15 billion predecessor. Around 10% of the first fund was deployed in India, with the second expected to channel significant capital into the country’s transition projects.
Globally, Brookfield manages over $1.18 trillion in assets, with $603 billion in fee-earning assets as of late 2025.
The company has previously sold a 1.6GW solar and wind portfolio in India to Gentari Renewables. Analysts note that while investor optimism remains high, competition in the C&I sector could pressure future valuations.
