Brookfield has successfully closed its USD 20 billion Global Transition Fund II (BGTF II), aiming to fast-track renewable energy projects worldwide, with a strong focus on India.

Through its joint venture with Axis Energy—Evren, the fund will support the development of 10 GW of wind, solar, and storage capacity in India. This investment reinforces Brookfield's commitment to India’s clean energy goals, particularly in Andhra Pradesh, where Evren plans to invest Rs 50,000 crore to develop 9,000 MW of capacity, including 3,500 MW solar and 5,500 MW wind. Currently, 3,500 MW of these are under implementation.

The fund also targets broader clean energy solutions, including module manufacturing, pumped storage, battery systems, EV technologies, and green ammonia. Brookfield’s first fund (BGTF I) raised USD 15 billion and backed global projects in carbon capture, sustainable fuels, and energy storage. Key global partnerships include deals with Microsoft and Google. President Connor Teskey emphasised the need for investing in scalable, clean, and affordable energy to support global economic transition.