To support India in scaling up its renewable energy capacity, International Finance Corporation (IFC) has committed to part finance a ~550 MWp solar power project in Bikaner, Rajasthan being developed by Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) with $105 million through long-term non-convertible debentures allocated to the project’s special purpose vehicles, which are implementing the project. Following its commitment, Brookfield will provide solar power to commercial and industrial (C&I) consumers across India at more competitive tariffs through long-term power purchase agreements (PPAs) and contribute to the nation’s decarbonization…
Read MoreIFC to Finance Brookfield’s Bikaner Solar Power Project, Boost India’s Renewable Energy Capacity & Support Climate Goals
