Brookfield Launches $600 Million Renewable Energy Platform Lumara in India

Key facts

• Global investment firm Brookfield has launched Lumara, a renewable energy platform investing about $600 million in India.
• Lumara's initial portfolio will be more than 6 GW, covering solar, wind, and battery energy storage systems (BESS).
• Lumara will target structural bottlenecks such as delays in power purchase agreement (PPA) contracting, grid connectivity, and land acquisition.
• The platform will support projects with advanced land and grid interconnection positions, allowing construction to start before PPAs are secured.
• Lumara will provide structured credit solutions to developers to fast-track project development and execution.
• Brookfield is investing through its Catalytic Transition Fund (CTF), a strategy focused on clean energy and transition assets in emerging markets.
• Brookfield has around 45 GW of wind and solar assets in operation and under development in India.
• Brookfield has invested more than $32 billion in India across infrastructure, energy, real estate, and private equity.