Brookfield Asset Management has officially commissioned the first phase of its landmark solar project in Bikaner, Rajasthan, bringing 268 MWp of new renewable capacity online as of March 2024. This development marks the launch of what is set to be India’s largest renewable energy park dedicated specifically to commercial and industrial (C&I) customers. A second phase is already planned, which will expand the total capacity to 550 MWp.
Designed with corporate decarbonization in mind, the Bikaner solar park offers a flexible range of offtake models, including virtual power purchase agreements (VPPAs), third-party open access, group captive schemes, and merchant sales. The project is connected to the inter-state transmission system (ISTS), enabling it to feed clean energy into India’s green energy corridor and directly contribute to the nation’s ambitious goal of achieving 500 GW of non-fossil fuel capacity by 2030. The project was realized through a partnership with Aright Greentech as the development partner and Jackson Green serving as the EPC partner.
The project’s equity was sourced from the Brookfield Global Transition Fund I (BGTF I). In a significant financial milestone, the International Finance Corporation (IFC) committed $105 million in June 2024 through long-term debentures. This represents the IFC’s first investment in a hybrid offtake project in the Asia-Pacific region. Upon full operation, the solar park is projected to mitigate an estimated 804,408 tons of CO2 emissions annually.
Demonstrating the project’s direct impact, Brookfield Properties began sourcing power from the Bikaner facility in October 2024 for four of its office campuses in the Delhi-NCR region. This initiative is set to supply 40% of the campuses’ electricity needs with renewable energy, cutting their annual carbon footprint by over 20,000 tonnes.
The Bikaner project is a key component of Brookfield’s extensive clean energy portfolio in India, which includes approximately 20-25 GW of wind and solar assets either operational or in development. As one of the world’s largest global investors in renewables, with a generating capacity of about 33 GW worldwide, the company continues to play a pivotal role in accelerating the global energy transition.
Sources for Brookfield Commissions India’s Largest Solar Project In Bikaner
- IFC to fund $105 mn for Brookfield’s Bikaner Solar Power Project
- Brookfield RJ (IFC-47975) – Early Warning System Project Details
- Brookfield Properties Goes Green with Bikaner Solar Project
- Brookfield Properties Supplies Solar Power to its Tenants in Delhi NCR
- Brookfield Properties Secures Renewable Power from Bikaner Solar Project
- Rajasthan Launches Largest Solar Park with Battery Storage in Bikaner
- Brookfield Commissions 268 MWp Phase I of India’s Largest C&I Park
- IFC Press Release on Bikaner Solar Project Financing
