While Axis didn’t reveal the goal deployment capability of the brand new JV, the corporate stated that it’s going to carry its present improvement pipeline of photo voltaic and wind initiatives throughout India to the settlement. It stated that it has 560MWp of photo voltaic and 774MWp of wind property in its pipeline.

The financing comes as a part of Brookfield’s Global Transition Fund II which, as of February this yr, was supposed to achieve US$20 billion.

Brookfield Asset Management now has over 16GW of photo voltaic and wind property in its portfolio of creating, under-construction and operational initiatives throughout India. August additionally noticed the corporate signal a memorandum of understanding with India’s Reliance Industries to look into creating photo voltaic PV and vitality storage element manufacturing in Australia.

PV Tech has contacted the Axis Energy Group for info on the deliberate capability, timeline and mission breakdown below the JV.