Asset sale reflects rising M&A activity in India’s commercial and industrial green power segment.

Brookfield Plans Exit from 550 MW Bikaner Solar Project; Targets ₹3,000 Cr Valuation.

Global alternative asset manager Brookfield Asset Management is preparing to divest its 550 MW solar power project located in Bikaner, with an expected enterprise value of around ₹3,000 crore, according to people familiar with the matter. Investment bank Jefferies is managing the sale process, and early bids have reportedly been received from both overseas investors and domestic power producers. The project’s first phase of 268 MW was commissioned in 2024 and supplies electricity to commercial and industrial consumers across India. Backed by the International Finance Corporation, the project counts Hindustan Unilever as a key client, with a 45 MW power offtake. PTC India also has a long-term agreement to market part of the output. The divestment is part of Brookfield’s broader portfolio reshuffle in India, following its earlier sale of renewable assets to Gentari Renewables India.