Brookfield Asset Management to Invest $12 Billion in Andhra Pradesh’s Renewable Energy Sector
Investment is a key part of Brookfield's strategy to expand its India portfolio to $100 billion by 2030.

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New Delhi: Brookfield Asset Management (NYSE: BAM, TSX: BAM) today announced its plan to invest $12 billion in Andhra Pradesh's renewable energy sector over the next three years. This landmark commitment, one of the largest single overseas investments in India’s green energy sector, underscores Brookfield's confidence in the state's growth potential and its long-term strategy for India.
The investment is set to span the entire green energy value chain. Brookfield is exploring significant projects, including investments in Indosol’s integrated manufacturing facility, Navayuga’s renewable energy portfolio, and other large-scale manufacturing and green hydrogen projects.
In addition to the $12 billion clean energy commitment, Brookfield is planning further substantial investments in Andhra Pradesh's real estate and hospitality sectors. These plans include the development of a major satellite township north of Vizag and the establishment of multiple new hotels statewide under its Leela brand.
This comprehensive investment plan follows productive discussions between Andhra Pradesh IT and Electronics Minister Nara Lokesh and Brookfield’s global and India leadership, including Global President Connor Teskey and Managing Partners Nawal Saini, Ankur Gupta, and Arpit Agrawal.
The planned investments in Andhra Pradesh are a cornerstone of Brookfield’s broader strategy to significantly expand its India portfolio from its current $30 billion to $100 billion by 2030.
( Source : Deccan Chronicle )
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