Brookfield Invests in Avaada Energy

By Global Infrastructure Sherpa · Apr 23, 2024

Investment Renewable Energy announced Mumbai, India Apr 23, 2024

USD1.1B

Deal Value

4 GW

Capacity

operating

Stage

Brookfield committed to invest $1 billion in Avaada Energy, an Indian renewable energy company, to support its growth plans.

Source Intelligence

KEY DETAILS

Avaada Group is planning to raise another US$ 200 million. Quote: "The Group is also in advanced discussions with potential investors to raise another US$ 200 million ." Avaada plans to reach 11 GW by 2026 and 30 GW by 2030. Quote: "Within five years, it has developed an impressive portfolio of 4 GW and the firm plans to reach 11 GW by 2026 and 30 GW by 2030."

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Deal Size

Avaada Group today announced that it has raised US $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing US$ 1.3bn fund raise plan.

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Capacity

Avaada currently operates a renewable energy portfolio of ~4 GW with plans to reach 11 GW by 2026.

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Location

MUMBAI, India

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Announcement

May 3, 2023

PARTIES MENTIONED IN SOURCE

Brookfield Renewable investor

"Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to US $ 1 billion in Avaada Ventures Private Limited."

Avaada Ventures Private Limited developer

"Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to US $ 1 billion in Avaada Ventures Private Limited."

Global Power Synergy Public Company Limited investor

"Global Power Synergy Public Company Limited ("GPSC"), will further invest US $ 68 million in Avaada Energy Private Limited for releasing debt obligations and supporting the growth."

Avaada Energy Private Limited developer

"Global Power Synergy Public Company Limited ("GPSC"), will further invest US $ 68 million in Avaada Energy Private Limited for releasing debt obligations and supporting the growth."

high quality Enriched Feb 19, 2026