Hindustan Unilever (HUL) has forged a strategic partnership with Brookfield for setting up a 45 MW solar energy park in Rajasthan. Towards this, the company's Board has approved acquiring up to 27.73 percent for Rs 12.15 crore in Transition Sustainable Energy Services One, a special purpose vehicle (SPV) incorporated by Brookfield.

The move marks HUL's forward step towards achieving net-zero objectives. The SPV is formed under the government's group captive open access renewable energy scheme and through this, it aims to generate renewable energy (RE). The project will be developed at the site of Brookfield's solar park, being undertaken as a part of Brookfield Global Transition Fund.

Through the partnership, the company will supply green energy at scale to HUL and its suppliers from a single location in Bikaner, which is a part of the 550 MW solar park project. It looks forward to such transformative partnerships which align with environmental and economic sustainability.