Global alternative asset manager Brookfield Asset Management is planning to divest its 550 MW solar power project located in Bikaner, Rajasthan, as part of a broader portfolio strategy in India’s renewable energy sector.

The asset is expected to be valued at around ₹3,000 crore, according to sources familiar with the development. Investment bank Jefferies has been appointed to manage the sale process, with early-stage bids reportedly received from both international investors and domestic power producers.

The project’s first phase, with a capacity of 268 MW, was commissioned in 2024 and currently supplies electricity to commercial and industrial (C&I) consumers across India. The asset benefits from strong customer backing, including a key power offtake agreement with Hindustan Unilever for 45 MW.

Additionally, PTC India has entered into a long-term agreement to market a portion of the project’s output, ensuring steady revenue streams and enhancing its attractiveness to potential buyers.

The project is supported by funding from the International Finance Corporation (IFC), further strengthening its credibility and financial structure.

Brookfield’s planned exit reflects increasing deal activity in India’s renewable energy space, particularly within the C&I segment, where demand for green power continues to rise. The move also follows the company’s earlier divestment of renewable assets to Gentari Renewables India.

The transaction is expected to draw significant investor interest, as India remains a key market for renewable energy investments driven by strong policy support and growing corporate demand for clean energy.