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Malaysian Green Giant Gentari Frontrunner to Buy Brookfield's Billion-Dollar India Solar Portfolio

29 May 2024

Malaysia's renewable energy champion, Gentari Sdn Bhd, is leading the race to acquire a massive solar power portfolio in India being sold by Brookfield Asset Management!

Gentari Eyes Sun Power in India

  • Front-Runner Status:  Gentari, the green energy arm of Petronas, is in pole position to buy a chunk of Brookfield's India solar assets.

  • Exclusive Talks Secured:  After due diligence, Gentari has signed an exclusivity agreement to negotiate further with Brookfield.

Bidding War Heats Up

  • Million-Dollar Assets:  Brookfield's India solar portfolio is estimated to be worth between $800 million and $1 billion.

  • Other Contenders Out:  Sekura Energy, Sembcorp, and Masdar Energy were initially interested but have pulled out.

Portfolio Powerhouse

  • Halfway There:  1 GW of the solar assets are already operational, with another 1 GW under construction (to be completed in 18 months).

  • Pan-India Presence:  Brookfield's India portfolio boasts assets across various states, including Rajasthan, Gujarat, Madhya Pradesh, and South India.

Brookfield's Big Bet

  • Cashing In on Green:  Canadian investor Brookfield is looking to partially sell its India renewable energy assets after entering the market five years ago.

  • Infrastructure Giant:  Brookfield is a major player in India's infrastructure sector, with investments exceeding $25 billion.

India's Renewable Energy Boom

  • Sun Shines Bright:  India's renewable energy sector is witnessing explosive growth, with installed capacity projected to reach 170 GW by March 2025.

  • Gentari's Potential Win:  If successful, this deal would solidify Gentari's position as a key player in India's booming green energy market.

Gentari's bid for Brookfield's India solar portfolio highlights the growing importance of renewable energy in Asia's economic giant. This deal could be a game-changer for both companies, shaping the future of clean energy in India.

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